Which of the Following Is One of the Elements That

question 65

Multiple Choice

Which of the following is one of the elements that must be met to be successful under the doctrine of adverse possession?

• A)The possessor must be in nominal possession.
• B)The possession must be hostile.
• C)The possession must be anonymous and unspecified.
• D)The possession must be intermittent.
• E)The possessor must acquire permission from the former owner.

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Definitions:

Senior Entity

A senior entity is a leading or controlling organization in a relationship, often referring to a parent company in a group of companies or the main party in partnerships.

Net Income

Net income is the profit a company has left over after all its expenses, taxes, and costs have been subtracted from total revenue.

Net Sales

The remaining revenue from sales after removing expenses related to returns, provisions for defective or unaccounted-for goods, and concessions.

Return on Total Assets

Return on total assets (ROTA) is a financial ratio that measures the profitability of a company in relation to its total assets.