A unit owner in a condominium holds: a fee simple estate a tenancy a life estate The acceptance of an offer to purchase in a real estate transaction creates: a deed a mortgage an Agreement of Purchase and Sale a transfer Private Corporations: almost always have bonds almost always have at least 3 directors almost always have freely transferable shares almost always restrict the transfer of shares The oldest method of incorporation is: the Letters Patent System Royal Charter Articles of Incorporation none of the above In order to subdivide a piece of land the owner must: sign a deed or transfer obtain federal approval obtain provincial approval none of the above