Which of the following statements concerning certain types of property interests is (are) correct?

exams HS-330 HS-330 exam 0 Comments

Which of the following statements concerning certain types of property interests is (are) correct?

I. The person or entity who has title to the property is the legal owner of the property.

II. The person who has the right to all income earned on the property is the beneficial or equitable owner of the property.
A . l only
B . II only
C . Both l and ll
D . Neither I nor II

Answer: C