Richard Sells Land to Jones but Reserves the Mineral Rights

question 16

Multiple Choice

Richard sells land to Jones but reserves the mineral rights to the property as well as an easement to enter the land to remove the minerals.Richard has acquired easement by:

• A) prescription.
• B) grant.
• C) reservation.
• D) implication.

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Definitions:

Employee Share Purchase Plans

Programs that allow employees to purchase company shares often at a discounted price, as part of their benefits package.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Direct Payment

The monetary compensation paid directly to employees in the form of wages, salaries, commissions, and bonuses.

Goal-Sharing Plans

Incentive plans that reward employees for reaching specific organizational goals, similar to gain-sharing but often broader in scope.