An Easement Granted Through an Express Agreement

question 3

Multiple Choice

An easement granted through an express agreement:

• A) is not covered by the statute of frauds.
• B) is required to be in writing to be enforceable.
• C) is enforced no differently than an implied easement.
• D) is not executed with the same formality as a grant of a fee simple interest in real property.

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Definitions:

Homogeneous

Describes products, services, or entities that are uniform in nature, lacking differentiation.

Differentiated

Describes products or services that are distinct from those of competitors in at least one aspect, as perceived by the market.

Pricing Strategy

An approach or plan used by a business to determine the best price for its products or services to maximize profits and meet market demands.

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, leading to limited competition.