Angus and Kirsty Have Some Form of Ownership in Separate

question 60

Multiple Choice

Angus and Kirsty have some form of ownership in separate units within a condominium complex.Which of the following statements is TRUE?

• A)The concept of "flying fees" describes the fact that Angus and Kirsty must contribute to a fund that is used by their condominium corporation.
• B)Angus and Kirsty must be joint tenants,along with the owners of the other condominium units.
• C)Angus and Kirsty must live in a building that is at least five stories high.
• D)Angus and Kirsty can vote for directors for the condominium corporation only if they buy separate shares in that corporation.
• E)Angus and Kirsty may both be joint tenants with other people.

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Definitions:

Internalize

The process of incorporating or assimilating certain values, attitudes, or norms into one's own belief system or behavior.

Work

The physical or mental effort directed towards producing or accomplishing something, often associated with employment or labor.

Consensus

General agreement among the members of a group or community.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.