Mary Wants to Buy an Apartment in a Building That

question 51

Multiple Choice

Mary wants to buy an apartment in a building that is owned by ABC Corporation.Mary then purchases stock in ABC Corporation and holds her apartment under a proprietary lease.Under which ownership has Mary acquired title to such an apartment?

• A) Condominium Ownership
• B) Co-ownership in form of tenancy in partnership
• C) Ownership acquired by gift
• D) Cooperative Ownership

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Definitions:

Secondary

The coil in a transformer that receives energy from the primary coil through electromagnetic induction, thereby transferring energy from the primary to the load.

Laminated Construction

A manufacturing technique used in electrical machines and transformers to minimize eddy current losses by stacking thin sheets of metal together.

Thin Sheets

Flat, slender pieces of material of small thickness compared to its other dimensions.

Metal

A class of elements characterized by high electrical conductivity, luster, malleability, and which are typically solid at room temperature, except for mercury.