Which of the Following Was the Result on Appeal in Sauls

question 51

Multiple Choice

Which of the following was the result on appeal in Sauls v.Crosby,the case in the text in which the court addressed whether a life tenant had a right to cut timber for the life tenant's commercial gain?

• A) The court ruled that the defendant, as an ordinary life tenant, had no right to cut the timber for his or her own commercial gain.
• B) The court ruled that the defendant had a right to cut the timber only if at least 30 days' notice was given to the remaindermen.
• C) The court ruled that the defendant had a right to cut the timber for commercial gain.
• D) The court ruled that the defendant had a right to cut the timber for commercial gain only if she could establish that she was economically challenged and needed the funds in order to maintain her lifestyle.
• E) The court ruled that the defendant was prohibited from cutting the timber for commercial gain unless she established that the market for timber was expected to decline significantly due to economic conditions.

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Definitions:

Financial Flexibility

The ability of an entity to adapt to unforeseen expenses or investment opportunities without significant stress.

Resources

Assets, both tangible and intangible, that are owned or controlled by a business and can produce value.

Adapt

The act of making adjustments or changes in order to better suit a new environment, situation, or set of conditions.

Liquidity

The ease with which an asset or security can be converted into ready cash without affecting its market price.