A Severance

question 2

Multiple Choice

A severance:

• A)occurs when personal property is transformed into real property.
• B)occurs when real property is transformed into personal property.
• C)occurs when a tenant fails to remove his trade fixtures before the expiration of the lease.
• D)occurs when personal property is annexed to real property.

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Definitions:

Gini Coefficient

An indicator of how unevenly income is distributed in a population, with 0 representing complete equality and 1 signifying absolute inequality.

Income Distribution

How a nation’s total GDP is distributed amongst its population, a key factor in understanding economic inequality and wealth distribution within a society.

Inequality

Refers to the uneven distribution of resources or opportunities within a society, often manifesting in disparities in income, wealth, health, and access to services.