Which of the Following Statements About Strata Title Is NOT

question 27

Multiple Choice

Which of the following statements about strata title is NOT correct?

• A)The strata title is vested in the owner's corporation.
• B)A strata title is evidence of the horizontal subdivision of the land and/or airspace.
• C)The owner's corporation is responsible for management,control and administration of the building.
• D)A strata plan can only be registered over Torrens Title land.

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Definitions:

Real GDP per Person

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to reflect the true purchasing power per individual.

Expenditure

The action of spending funds or an amount of money spent.

Income

Funds that are earned, frequently on a consistent schedule, from labor or investing activities.

Real GDP per Person

An economic metric that measures the value of all finished goods and services produced within a country in a year, adjusted for inflation, and divided by the total population.