Adding Value to a Piece of Personal Property by Labor

question 67

True/False

Adding value to a piece of personal property by labor or materials is accession.

---

Definitions:

COLA

Cost Of Living Adjustment, an increase in income or benefits to offset inflation, ensuring that purchasing power is maintained despite rising prices.

Inflation Protection

Strategies or financial products designed to safeguard the purchasing power of assets or income in the face of rising inflation.

Contractual Agreements

Legally binding documents outlining terms and conditions agreed upon by parties engaging in a business or personal relationship.

Analytic HR

The application of statistical methods and technologies in human resources to improve employee performance and organizational efficiency.