According to the Laws of California, Which of the Following

question 9

Multiple Choice

According to the laws of California, which of the following documents must be recorded to be valid?

• A) land mortgage
• B) grant deed
• C) trust deed
• D) none of the above

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Definitions:

Average Rate

The mean value calculated by dividing the sum of all rates by the number of rates.

Payback Period

The length of time required to recover the initial cost of an investment, calculated by dividing the initial investment by annual cash inflows.

Cost of Capital

The yield a business needs to achieve on its investments to keep its market price stable and draw in capital.

Cash Flows

Cash flows refer to the net amount of cash and cash-equivalents being transferred into and out of a business.