Card 2 / 145: According to the Nevada law, a time share is:
A)
A vacation home.
B)
The right to use an and occupy a unit on a recurrent periodic basis according to an arrangement allocating this right among various owners whether or not there is an additional charge to the owner for occupying the unit.
C)
A vacation condominium.
D)
A security or investment contract.
E)
A vacation or investment contract.
Answer:
B) The right to use an and occupy a unit on a recurrent periodic basis according to an arrangement allocating this right among various owners whether or not there is an additional charge to the owner for occupying the unit.
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