Arthur, Betty, and Clara Each Inherit an Undivided One-Third Interest

question 57

Multiple Choice

Arthur, Betty, and Clara each inherit an undivided one-third interest in an apartment complex. Instead of selling it, they decide to continue to operate it for the next few years as a sideline to their other occupations just to see if they can earn some extra money. What are they?

• A) A partnership.
• B) Co-owners only.
• C) A corporation.
• D) Creditors of the apartment complex.

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Definitions:

Shield Volcano

A broad, gently sloping volcano formed by the eruption of fluid basaltic lava.

Scoria Cone

A small, steep volcanic cone made of volcanic ash, cinders, and bomb fragments ejected from a single vent.

Dome

1. A circular or elliptical anticlinal structure in which the rocks dip gently away in all directions. 2. A dome-shaped accumulation of lava and other volcanic materials. See also volcanic dome.

Conical

Conical describes a shape or object that narrows smoothly from a broad base to a point, resembling a cone.