Six Weeks After Samuel Purchased Six Portable Computers for His

question 69

Multiple Choice

Six weeks after Samuel purchased six portable computers for his realty business,he was called by the retailer who sold him the computer and asked if he was happy with the purchase and if there were anything that he would change about the way the store does business.The computer retailer was trying to reduce its _____ gap.

• A)research
• B)standards
• C)performance
• D)knowledge
• E)communications

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Definitions:

Right Of Survivorship

A feature of some types of co-ownership of property causing a co-owner’s interest in property to be transferred on his death immediately and by operation of law to his surviving co-owner(s). See also tenancy by the entirety and joint tenancy.

Tenancy In Common

A form of co-ownership of property that is freely disposable both during life and at death, and in which the co-owners have undivided interests in the property and equal rights to possess the property.

Right Of Survivorship

A legal principle in property law where, upon the death of one owner, the ownership interest of the deceased automatically transfers to the surviving owner(s) without the need for probate.

Community Property

A form of ownership between spouses in which property acquired during marriage is owned equally by both parties.