Michael purchased a condominium unit in the Eagle Rock complex. The complex includes a number of common facilities such as an outdoor swimming pool, recreation center, tennis courts, and walking trails. Under the typical condominium arrangement, these common elements are owned bya. a corporation in which Michael and the owners of the other units in the condominium own stock.b. Michael and the owners of the other units in the condominium in the form of divided interests.
c. the association of homeowners in the condominium.
d. Michael and the owners of the units in the condominium in the form of undivided percentage interest.

Answers

Answer 1

Answer:

Answer:

D) Michael and the owners of the units in the condominium in the form of undivided percentage interest.

Explanation:

A condominium property is a single and individually owned unit within a multi-unit building, e.g. a single apartment in an apartment building. The condominium owner possesses the property title of the unit, and is the joint owner of the common areas, e.g. elevator, halls, stairs, swimming pool, recreation centers, etc. The common areas are defined as the entire residential development, less the individual condominium units. The possessions of the common areas is in the form of undivided percentage interest, so no individual owner can sell or trade his ownership of the common areas.

Related Questions

Which of the following is an advantage credit cards have over other forms of consumer credit?a. Cannot make remote payments b. Easier to return merchandise c. Most expensive way to borrow d. Loss of privacy
Draw a graph which depicts long run equilibrium of transnet
The total amount, including the sales tax and the shipping fee, that Steve paid for the game was $120. What was the shipping fee, in dollars? Show or explain how you got your answer.
A sound savings program and adequate insurance protection form the foundation of financial security. True or false
What is accounts payable? What is net income? What is income statement?

true or false for the best control of both the accelerator and brake pedals rest the heel of your foot on the floor??

Answers

FALSE!
the accelerator and the break pedal, the heel of the foot should remain on the floor.

It should not leave the floor and your left leg/ foot needs to be out of the way while you are operating your vehicle.

What is a public good?

Answers

Answer:

a shared good or service for which it seems impractical to make consumers pay individually and to exclude nonpayers

Explanation:

a non-profitable service that is provided to anyne in society

The _________ is the content or general message of a conversation or what the conversation is about.a. 4
b. impersonal
c. closing
d. opening

Answers

The MAIN IDEA is the content or general message of a conversation or what the conversation is about.

Any other ideas brought about in the conversation is usually discussed in relation or in support to the main idea.

Answer:

d. opening

Explanation:

Which is an example of a document that needs to be saved for financial planning?a. Car expenses
b. Credit card receipt
c. ATM record
d. Grocery store receipt

Answers

The right answer for the question that is being asked and shown above is that: "d. Grocery store receipt." an example of a document that needs to be saved for financial planning is that of a Grocery store receipt.

You won a free ticket to see an Eric Clapton concert (which has no resale value). Bob Dylan is performing on the same night and is your most attractive alternative. Tickets to see Dylan cost $50. On any given day, you would be willing to pay up to $70 to be at a Bob Dylan concert. Assume there are no other costs of seeing either performer. What is the opportunity cost of seeing Eric Clapton?

Answers

Answer:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The opportunity cost of seeing Eric Clapton is the enjoyment that he gets from the Bob Dylan concert and $20 that is the difference between actual ticket price and willing to pay for it.

1.what’s one category you wish fewer taxes were spent on ? why?2.what’s one category you wish more taxes were spent on? why?

Answers

Answer:I wish fewer taxes were spent on health. Although health is an essential part of everyone's life

I feel there are more significant aspects of society that need to be addressed such as the Federal Debt or Veteran's Benefits.

I wish more taxes were spent on public maintenance at parks or any government places, mostly because the bathrooms are always filthy.

Explanation:

Final answer:

The allocation of taxes is subjective and varies depending on personal priorities. Some might wish for fewer taxes to be allocated to military defense, diverting them to domestic issues. Others might prefer more taxes to be directed towards healthcare or social security.

Explanation:

It's essential to understand that opinions on tax allocation can vary greatly based on individual preferences and priorities. For example, one might wish for fewer taxes to be spent on military defense if they believe that funds could be redirected to more pressing domestic issues, such as education or infrastructure. On the other hand, one might wish more taxes were spent on aspects of social security or the healthcare sector. Individuals who prioritize the wellbeing of the nation's citizens, particularly the elderly or disabled, may want a higher percentage of taxes allocated to these categories. It is a complex issue with varying answers.

Learn more about Tax Allocation here:

brainly.com/question/33831546

#SPJ3

Other Questions

What are common characteristics or provisions of bonds?

Choose the word that best completes this sentence. Per OSHA’s rules, employers in the construction industry must provide required personal protective equipment at ____________ to workers. (A) Increased price(B) Low cost(C) No cost(D) reduced price

A company's ________ tells you how much money the company has left over after subtracting all expenses.

11. Describe a product, and then give an example of a time when the demand for this product might be high and the demand for this product might be low. (2-4 sentences.)