Regarding Real Property

question 35

Multiple Choice

Regarding real property,

• A) mineral rights must run with the land.
• B) air rights can be granted by deed.
• C) annual crops are considered real property because they are attached to the land.
• D) man made buildings are not part of the real property.

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Definitions:

Cash Discount

A reduction in the amount due by a buyer if payment is made within a specified period.

Credit Financing

The process of borrowing funds from lenders to finance business operations, purchases, or investments, typically through loans or issuing bonds.

Source Of Financing

Various means through which a business can obtain funds, including equity, debt, grants, and loans, to support its operations.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.