Which of the Following Statements Is TRUE

question 73

Multiple Choice

Which of the following statements is TRUE?

• A)A tenancy at will usually has a fixed duration of one month.
• B)A tenancy at sufferance does not require a contractual agreement of any sort between the parties.
• C)The usual notice period for a tenancy at sufferance is one week.
• D)A specific amount of money, technically known as "rent," must be paid under every type of lease, including a periodic tenancy, a tenancy at will, and a tenancy at sufferance.
• E)If land is subject to a life estate, then a lease may be granted by the person who owns the remainder or the reversion, but not the person who owns the life estate itself.

Calculate the present value of annuities, both ordinary and growing, using different rates of return.

Understand the concept of financial saving goals and how to calculate future value towards achieving those goals.

Apply the concept of the time value of money to various financial planning and investment situations.

Estimate the future value of annuities and single cash flows using appropriate interest rates.

---

Definitions:

Intermediate Position

A stance or level that falls between two extremes or primary positions, often used to describe job levels or decision-making stages.

Irrevocable

Unable to be changed, revoked, or undone; permanent.

Preincorporation Subscriptions

Agreements by investors to purchase stock in a corporation that is yet to be formed.

Promoter

An individual or company that helps to raise capital, organize, and establish a corporation or project, often taking on both financial and legal responsibilities in the early stages.