Which of the Following Methods of Acquiring Ownership Was More

question 63

Multiple Choice

Which of the following methods of acquiring ownership was more important when the United States was being developed than it is today?

• A) purchase
• B) capture
• C) gift
• D) production

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Definitions:

Inherit

To receive property, titles, debts, rights, or obligations as a result of someone's death.

Property Distribution

The division of property assets among beneficiaries or heirs according to a will or the law of intestacy.

Spendthrift Trust

A trust designed to provide a beneficiary with income while protecting the trust assets from being claimed by creditors or the beneficiary's poor spending habits.

Trust Assets

Assets that are held and managed by a trust for the benefit of the trust's beneficiaries.