An Owner of Land May Involuntarily and Unknowingly Give Up

question 19

Multiple Choice

An owner of land may involuntarily and unknowingly give up the rights to land. When a fee simple interest is conveyed to a new owner without a deed and without the consent or knowledge of the original owner, this is said to be conveyed by:

• A) Prescription
• B) Adverse possession
• C) Accretion
• D) Reliction

---

Definitions:

Par Common Stock

Common stock with a nominal or face value assigned to it, often used in accounting to determine legal capital.

Carrying Value

The book value of assets and liabilities as reported in the financial statements.

Securities And Exchange Commission

The U.S. federal agency responsible for regulating the securities markets, protecting investors, and overseeing the securities industry and public securities exchanges.

Subscriptions Receivable

This refers to the amounts owed by subscribers who have not yet paid for the subscription services or publications.