In which of the following is not a case where a deed to a condominium qualifies as a security?
Answer(s): D
there is a 14-day owner usage provision. This provision is unrelated to qualification as a security.
Which of the following sets out the details for the management board of condominiums, including the board’s powers and limitations?
Answer(s): B
bylaws. The bylaws of a condominium association provide general details about management.
Which of the following best describes phantom income?
income reported but not received. Reportable income that is not distributable includes loan forgiveness.
Which of the following oil and gas programs does not directly involve drilling?
income. With an income program, the well is already producing. The risk is associated with the commodity price.
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