Examlex
Which one of the following inventory items is probably the least liquid?
Right Of Way
An entitlement, conferred either by established custom or by explicit permission, allowing passage over a certain course within another's territory or land.
Legal Action
The process of taking a case through court to enforce or defend a legal right.
Remainderman
A person who is entitled to real property subject to a prior interest (e.g., a life estate) and who acquires the fee when the prior estate terminates.
Fee Simple
The most extensive interest in real property available in law, allowing the owner absolute ownership, including the rights to sell, lease, or bequeath the property.
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