Which of the Following Is Not an Element of Adverse

question 39

Multiple Choice

Which of the following is not an element of adverse possession?

• A) The possessor must use the property as if he or she were the owner.
• B) The possessor must stay on the property of the owner.
• C) The possessor must ask the permission of the owner.
• D) The possession must be open and notorious.
• E) The possessor must ignore the claims of other persons including the owner.

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Definitions:

Credit Card Discount

Fee charged by the credit card company for its services.

Net Sales

The revenue a company makes after subtracting the costs for returns, compensation for damaged or missing items, and any permitted discounts.

Gross Profit

The disparity between income generated and the expenses incurred in producing a product or delivering a service, prior to subtracting costs for overheads, employee salaries, taxes, and interest expenses.

Sales Discounts

Reductions granted from the listed price of goods or services, often used as a marketing strategy to encourage early payment or increase sales volume.