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Sam agreed to buy property from Joe to build a store of a certain design. Joe, the vendor, was aware of the design and knew that an easement across the back of the property would prevent such a building being erected, but said nothing. Sam purchased the property, later discovered the easement, and learned that Joe knew about it. He sued for misrepresentation. Discuss the likely outcome.
Private Ownership
refers to properties or businesses owned by individuals or corporations rather than by the government or the public sector.
Private Sector
The part of the economy that is run by individuals and companies for profit and is not controlled by the government.
Publicly-Owned Enterprises
Businesses that are owned by the government and operated for the benefit of the general public.
State-Owned Enterprises
Businesses that are owned and operated by government entities, aimed at providing public services or promoting economic activities.
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