An "Easement by Grant" Automatically Occurs When Land-Locked Property Is

question 42

True/False

An "easement by grant" automatically occurs when land-locked property is sold.

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Definitions:

Fraction

A mathematical expression representing the division of one integer by another, indicating a part of a whole.

Decimal Equivalent

A numerical value expressed as a decimal, representing the fraction of a whole number.

Percent Equivalent

A value that represents a part of a whole expressed as a percentage.

Compound Interest

A way of determining interest that takes into account the original principal and adds the interest that has been accrued from previous periods.