Discuss the general principles of contracts, partnerships, corporations, real and personal property, commercial transactions and bankruptcy.

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Rahul Sunny answered 1 year ago

9. Chapter 13 bankruptcy a. is available to corporations. b. is available to partnerships. c. permit...

9. Chapter 13 bankruptcy a. is available to corporations. b. is available to partnerships. c. permit a business to reorganize while paying its debts. d. is available to individuals. e. a and c. 10. A secured creditor is one who a. does not back a loan with the debtor’s property. b. has the ability to take the debtor’s property to satisfy the debt. c. does not have the ability to take the debtor’s property to satisfy the debt. d. uses...

1) What is the difference between Real Property and Personal Property?

Please Answer the following questions, USA based1) What is the difference between Real Property and Personal Property?2) Name and Explain one Classification of Estates?3) What is a Mechanics Lien?

Explain the difference between real property and personal property. What is a fee simple?

Explain the difference between real property and personal property. What is a fee simple? List and define the other ways in which ownership rights in property can be held.

What are the similarities and differences between personal property, real property, intangible property, and natural resources?

What are the similarities and differences between personal property, real property, intangible property, and natural resources? Provide one example of each. Describe the cost recovery method used for each type of asset. The Modified Accelerated Cost Recovery System (MACRS) uses a recovery period method and a convention to depreciate tangible personal property. Why are a recovery period and a convention important in calculating depreciation?

Distinguish between real property, personal property and fixtures. What are the tests of fixture? Explain.

What is the difference between real property and personal property? Why does the law make a...

What is the difference between real property and personal property? Why does the law make a distinction between real property and personal property?

Describe the two terms: personal property and real property, and would be visual examples for each....

Describe the two terms: personal property and real property, and would be visual examples for each. Define the types of personal property and the types of real estate ownership. Explain the procedures for acquiring each type of property. Explain the procedures for transferring each type of property. Provide one legal tip related to personal property and one legal tip related to real property that are important to know but people might not be aware of. Add one statistics related to...

Discuss the different types of flow-through entities reported on Schedule E, such as partnerships, S corporations,...

Discuss the different types of flow-through entities reported on Schedule E, such as partnerships, S corporations, LLCs, trusts, and estates?

Classify each of the following types of property as either real (R), personal-tangible (PT), or personal-intangible...

Classify each of the following types of property as either real (R), personal-tangible (PT), or personal-intangible (PI): a. Inventory b. Timber c. Apartment Building d. Certificate of Deposit e. Company Car f. Duplex

Alice, Billy, and Charlie decide to purchase a commercial real estate property, which they intend to...

Alice, Billy, and Charlie decide to purchase a commercial real estate property, which they intend to own and manage as business partners. When asked by the seller how they want the deed conveyed to them, Alice, Billy, and Charlie tell the seller that they want to own the property as “joint tenants.” The deed is so prepared and reads as follows: O to Alice, Billy, and Charlie as joint tenants. After the partners have successfully operated the commercial property for...

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