In a Condominium

question 5

Multiple Choice

In a condominium:

• A) all residents own shares in the corporation that owns the building.
• B) each resident purchases a living unit in the building.
• C) the tenant owns a reversionary interest in the property.
• D) the tenant creates a future interest in the property known as a possibility of reverter.

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Definitions:

Mainframes

High-performance computers used primarily by large organizations for bulk data processing, such as census, industry and consumer statistics, ERP, and financial transaction processing.

Big Data

A collection of data so large and complex that it is difficult to manage using traditional database management systems.

ROM

Read-Only Memory, a type of non-volatile storage that is used in computers and electronic devices to store firmware or application software in a way that is not easily or frequently altered.

Volatile

Refers to something that is highly unstable and can change rapidly, often used to describe financial markets or chemical substances.