The Most Common Way in Which to Transfer Ownership Interests

question 59

Multiple Choice

The most common way in which to transfer ownership interests in property is through a legal document known as:

• A) a devise
• B) a will
• C) easements appurtenant
• D) tenancies in the extremity
• E) none of the other choices

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Definitions:

Labor Union

An organization formed by workers to protect their rights, improve working conditions, and negotiate wages and benefits with employers.

Union Shop

A workplace where employees are not required to join the union prior to being hired, but must join soon after they start their employment.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, in a given time period.

Diminishing Returns

A principle stating that as investment in a single area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.