Convert to Fraction (Round to Lowest Terms as Needed): 1/8

question 119

Short Answer

Convert to fraction (round to lowest terms as needed): 1/8%

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Definitions:

Bailment

Bailment describes the process of placing personal property into the temporary custody or care of another, with the expectation of its return.

Real Property

Land and anything permanently affixed to it, such as buildings and natural resources.

Personal Property

Items or assets that can be moved and are not fixed to one location, unlike real estate.

Accession

The act of acquiring additional property or improvements to existing property, which becomes an integral part of the original property.