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In 2006,Martin Purchased a Home in a Residential Development,and in 2010

question 60

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In 2006,Martin purchased a home in a residential development,and in 2010 he sold it in fee simple to Rocco.A week after Rocco moved in,the local cable company came to his door to inform him that it would start digging up his yard to install underground cable for the neighborhood.When Rocco objected,he was told that the company had a right to do it and he should check with his lawyer.A call to the lawyer confirmed the right of the cable company to enter his land and dig.Which of the following would have given the cable company this right?


Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Asset Turnover

A ratio that calculates how effectively a company utilizes its assets to produce sales income.

Sales Revenue

The total amount of money generated from sales of goods or services before any costs or expenses are subtracted.

Invested Capital

The total amount of money invested into a company by shareholders and debtors, used to fund the company's operations and growth.

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