Mike Has the Right to Cross Paco's Land to Get

question 50

True/False

Mike has the right to cross Paco's land to get to the highway. Paco has the dominant tenement, since Mike could not get to the highway without using Paco's land.

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Definitions:

Excess (Deficiency)

The amount by which actual income exceeds or falls short of the budgeted amount.

Cash Budget

A financial tool used by businesses to plan for their cash inflows and outflows over a specific period to manage liquidity.

Budgeted Disbursements

Forecasted cash outflows for a specific period, often part of a company's cash budget and crucial for managing liquidity.

Desired Balance

The targeted amount of funds or resources a company or individual aims to have available at a certain point in time for a specific purpose.