Which of the Following Statements Is True Regarding Estate for Years

question 26

Multiple Choice

Which of the following statements is true regarding estate for years?

• A) The grantee of the estate for years has the land only for the period for which it is granted to him/her.
• B) The grantee of the estate for years can sell the land to someone else.
• C) The grantee of the estate for years can grant the land to someone else for life estate.
• D) The grantee of the estate for years can bequeath the land to someone else through a will.

---

Definitions:

Cash Equivalents

Liquid assets that can be quickly turned into a specific amount of cash and have initial maturity times of no more than three months.

Cash Ratio

A financial ratio indicating how well a company can cover its short-term obligations using its liquid assets.

Current Ratio

A financial metric that evaluates a firm's capacity to meet its short-term liabilities, which are due within a year.

Total Current Assets

The sum of all assets of a company that are expected to be converted into cash or used within one year or within the operating cycle.