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When a Person Who Does Not Own Land, Occupies It

question 28

True/False

When a person who does not own land, occupies it and openly uses it like the owner, and ignores the claims of other persons, including the owner, this person is said to have a non- owner's right to possession.


Definitions:

Amortization Table

A listing of the unpaid principal, the monthly payment, the amount allocated to paying down the principal, and the amount allocated to interest.

Spreadsheet

A digital document composed of rows and columns that helps in organizing, analyzing, and storing data, often used for financial calculations.

Formula

A mathematical relationship or rule expressed in symbols.

Lessee

A person or entity that leases or rents property from another; the counterpart to the lessor.

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