Examlex

Solved

Use the Fact Situation in Q2 to Answer the Related

question 25

Multiple Choice

Use the fact situation in Q2 to answer the related question that follows. In deciding on the best way to ensure that their customers agree to all of their terms and conditions of sale,A and B will consider


Definitions:

Easement By Necessity

A type of easement granted by law when it is necessary for reasonable use of a property, commonly for access to landlocked property.

Adverse Possession

An involuntary property transfer in which a person acquires ownership of property by treating a piece of real property as his or her own, without protest or permission from the owner.

Easements

A right granted to a person or entity to use a portion of another’s property for a specific purpose, without owning it.

Profits

The financial gain made in a transaction or operation after all expenses are subtracted from revenue.

Related Questions