"Value in Use" Refers To

question 11

Multiple Choice

"Value in use" refers to:

• A) how a particular property can be used.
• B) the value of a particular property to a particular owner or user of real estate.
• C) what the property is worth.
• D) market value.

---

Definitions:

Credit Instrument

A document that evidences a debt and the promise of repayment, such as bonds, notes, or mortgages.

Transferor's Warranties

Guarantees made by a seller (transferor) to a buyer about the condition, legality, and ownership status of the goods or property being sold.

Presenter's Warranties

Guarantees made by the presenter of a negotiable instrument, such as a check, regarding its legitimacy and their authority to present it.

Implied Warranties

Legal guarantees assumed in a transaction, suggesting that a product will meet certain standards even if not explicitly stated.