Parties to Lawsuits Often Try to Avoid Going to Trial

question 36

Multiple Choice

Parties to lawsuits often try to avoid going to trial because trials

• A) cost both time and money.
• B) can be costly in time, but rarely in money.
• C) can be costly in money, but rarely in time.
• D) are usually unfair.

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Definitions:

Rental Income

Income earned from renting out property or equipment.

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Rental Payment

The amount paid periodically by a tenant to a landlord in exchange for the use of property or land.

Primarily Rental Property

Real estate that is predominantly used for rental to others, rather than as the owner's primary residence.