If an Accession Is Made Wrongfully, the Improver Acquires Title

question 50

True/False

If an accession is made wrongfully, the improver acquires title to the improved property and does not have to pay the owner for the property.

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Definitions:

Sold at a Discount

A transaction where goods or services are sold for a price lower than their usual or market rate.

Face Value

The nominal or stated value of a financial instrument, such as a bond or stock, as defined by the issuer.

Bond Issue

A bond issue refers to the process by which a corporation or government raises funds by issuing bonds to investors, which are debt securities promising to repay the principal along with interest.

Bond Discount

The difference between the bond's face value and its selling price when the bond is sold for less than its face value.