For Real Property, the ADS Convention Is the Mid-Month Convention

question 12

True/False

For real property, the ADS convention is the mid-month convention.

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Definitions:

Source Inspection

Controlling or monitoring at the point of production or purchase— at the source.

User-Based Definition

A user-based definition refers to the explanation or interpretation of a concept, term, or system based on the perspective or use case of the end-user.

Product-Based Definition

An approach that defines a product by its features, components, and attributes rather than its function or the customer need it satisfies.