Which of the Following Statements Is False Under Italian Property

question 19

Multiple Choice

Which of the following statements is false under Italian Property Law?

• A)For movable property,the potential owner must possess the property for no less than 10 years before full ownership can occur.
• B)Registration is not required for any movable property.
• C)There is a difference between physical possession and a mental intention to possess.
• D)For immovable property,the potential owner must possess the property for no less than 20 years before full ownership can occur.
• E)Immovable property includes anything attached to the ground,such as trees,buildings,homes,and arenas.

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Definitions:

Short-Term Note Payable

A debt obligation that is due within one year or less, typically used for working capital needs or to finance short-term liquidity requirements.

Specified Amount

This term refers to a particular or agreed-upon sum of money in various financial contexts.

Income Tax Expense

The amount of money that a company reports as an expense for paying state, federal, and foreign income taxes.