Examlex
When Wal-Mart transmits information electronically each day to Wrangler jeans about unit sales of this product in its retail outlets so that Wrangler can replenish Wal-Mart's inventory on an as-needed basis,this is an example of:
Prescriptive Right
A right acquired through long-term use, such as the right to cross someone else's land, established by consistent and uninterrupted use over a period prescribed by law.
Covenant
A formal, binding agreement or promise, often found in contracts and legal documents.
Crown Patent
An official document transferring land from the Crown (government) to an individual, entity, or corporation, granting them ownership.
Fee Simple
The highest level of land ownership, giving the owner complete control over the property, subject to government laws.
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