Ada Mistakenly Pays Property Taxes That Should Have Been Assessed

question 4

Multiple Choice

Ada mistakenly pays property taxes that should have been assessed against Bud.Ada can recover the amount from Bud in quantum meriut

• A)even if Bud was not aware of the error.
• B)only if Bud tried to conceal the error.
• C)only if Bud was aware of the error.
• D)under no circumstances.

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Definitions:

Percentage Return

The profit or deficit achieved on an investment over a designated duration, measured as a percentage of the investment’s initial value.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Capital Gains Yield

The change in the price of a security or investment over a specified period, excluding dividends, expressed as a percentage of the investment's initial price.

Total Return

The overall return on an investment over a specific time period, including both capital gains and dividends or interest, expressed as a percentage of the investment's initial cost.