An Easement Is Not Only a Right in the Land

question 35

True/False

An easement is not only a right in the land of another, but it is also a right that belongs to the land that is benefited.

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Definitions:

Unanimous Shareholders' Agreement

A contract among all shareholders of a company that may alter or remove the powers of the directors.

Fiduciary Duty

An obligation to act in the best interest of another party, such as a trustee's duty towards beneficiaries.

Closely Held

A description for a corporation or company that has a small number of shareholders, often characterized by its shares not being widely available to the public.

Fiduciary Duty

A legal obligation requiring one party to act solely in another party's interest with a high standard of care, especially in matters concerning trust and confidence.