Subsurface Mineral Rights

question 237

Multiple Choice

Subsurface mineral rights:

• A) must transfer in fee simple with deeds to land
• B) must transfer in fee simple with title to land
• C) may be legally separated from surface ownership
• D) are owned by the government
• E) are owned by the people in common

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Definitions:

Fair Values

The approximate value for which a security or debt could be traded between informed, consenting parties in a fair deal.

Credit Balance

The amount of money in a financial account that indicates that a customer has funds or credits available to them.

Consolidated Cash

The total cash and cash equivalents held by a parent company and its subsidiaries, presented as a single figure on consolidated financial statements.

Common Stock

A type of equity ownership in a corporation, representing a claim on a portion of the company’s profits and the right to vote on matters affecting the company.