After analyzing his business venture, jim chalked out a business plan, which included maintaining a high liquidity to cover any cash crunch at a future date. he also insured his inventory to cover all losses that could arise due to theft and damage as his goods are transported and stored in warehouses all over the country. how would you classify his plan?

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?