The Right to Cut and Remove Trees from Another's Land

question 19

Multiple Choice

The right to cut and remove trees from another's land would be a(n) :

• A) easement.
• B) profit.
• C) license.
• D) covenant.

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Definitions:

Leased Lathe

An asset acquired for use over a predetermined period under a lease agreement, specifically referring to a machine tool used for shaping metal or wood.

Credit-Approved Customers

Customers who have been evaluated and approved for credit based on their creditworthiness by a lending institution or business.

Executory Costs

Expenses related to the operation of a leased asset that are typically paid by the lessee, such as insurance, maintenance, and taxes.

Capitalized Costs

Expenditures that are added to the cost basis of a fixed asset on the balance sheet rather than being expensed in the period they are incurred.