Which of the Following Is Not One of the Requirements

question 23

Multiple Choice

Which of the following is not one of the requirements outlined by Evershed MR in Re Ellenborough Park?

• A) There must be a servient and dominant tenement in separate ownership
• B) The right must be capable of being the subject matter of a grant
• C) The right must accommodate the dominant tenement
• D) The purported easement must be capable of being expressed in a monetary value

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Definitions:

Cash

Liquid currency and assets readily convertible to cash that are used by businesses to conduct transactions, pay expenses, and provide financial buffers.

Deferrals

Transactions where the recognition of revenue or expenses is postponed to future accounting periods.

Recognition

The process of formally recording or incorporating an item into the financial statements of an entity.

Incurred Expense

An expense that has been recognized in the accounting period in which it is incurred, regardless of when the payment is made.