An Easement Is

question 14

Multiple Choice

An easement is:

• A)a right to use a neighbour's land without possessing it.
• B)also known as a profit à prendre.
• C)a right to gain ownership of a neighbour's land.
• D)a simple and easy way to gain access to a pathway on a neighbour's land.

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Definitions:

Perpetuity

A type of annuity that pays a fixed amount to an individual indefinitely.

Scholarship

Financial support awarded to a student, based on academic achievement or other criteria, to help pay for education expenses.

Compounded

Interest calculated on the initial principal, which includes all of the accumulated interest from previous periods.

Post-secondary

Relating to education after high school, including college, university, and vocational or technical training.