Which of the Following Is INCORRECT Regarding Zoning

question 18

Multiple Choice

Which of the following is INCORRECT regarding zoning?

• A) Zoning restrictions can be used to regulate, but not to take, private property.
• B) A variance permits an otherwise impermissible use of the property.
• C) A zoning ordinance needs no reasonable relationship to public health, safety, or morals to be upheld.
• D) A nonconforming use may be permitted where property was so used prior to adoption of the zoning ordinance.

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Definitions:

Premium on Bonds

The amount by which the selling price of a bond exceeds its face value.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a set price, giving issuers flexibility to refinance if interest rates fall.

Contract Rate

A predefined rate agreed upon in a contract, often used in financial agreements, such as loans or leases, specifying the interest rate.

Installment Note

An installment note is a form of debt that requires the borrower to make scheduled payments (including both principal and interest) over a set period until the debt is paid off.