Which of the Following Is Generally Not a Requirement for a Valid

question 29

Multiple Choice

Which of the following is generally not a requirement for a valid deed?

• A) Signature of grantee
• B) Adequate description of land
• C) Delivery of deed to grantee
• D) Consideration

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Definitions:

Total Assets

The sum of everything of value owned by a business, including cash, property, inventory, and equipment.

Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus owners' equity.

Total Capital

The sum of a company's equity capital and debt, representing the total funds that a company can use for operations.

Total Assets

The sum of all current and non-current assets on a company's balance sheet, representing everything the company owns that has value.