An Easement May Be Created in Which of the Following

question 52

Multiple Choice

An easement may be created in which of the following cases?

• A)The landowner agrees to it orally.
• B)It is necessary for access to the land.
• C)It is taken by using the land openly in a period of years.
• D)All of the above.
• E)Both (b) and (c) above are correct.

---

Definitions:

Debt

Debt is an amount of money borrowed by one party from another, typically involving repayment of the principal amount along with interest.

Operating Leverage

A metric assessing the impact of increased sales on operational earnings, revealing the balance between a firm's fixed and variable expenses.

EBIT

Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses to show the business's core profitability.

DOL

Department of Labor, a U.S. government department responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.