In 2006,Martin Purchased a Home in a Residential Development and in 2010

question 70

Multiple Choice

In 2006,Martin purchased a home in a residential development and in 2010 he sold it in fee simple to Richard.A week after Richard moved in the local cable company came to his door to inform him that they would start digging up his yard to install underground cable for the neighborhood.When Richard objected he was told that they had a right to do it and he should check with his lawyer.A call to the lawyer confirmed the right of the cable company to enter his land and dig.Which of the following would have given the cable company this right?

• A) an easement by grant
• B) an easement by prescription
• C) an easement by necessity
• D) an easement by implication

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Definitions:

Sense of Fairness

The natural or developed perception and understanding individuals have towards equity, justice, and impartiality within interactions and exchanges.

Dictator Game

An experimental paradigm in behavioral economics where one player, "the dictator," determines how to split an endowment between themselves and another player.

Behavioral Economists

Investigators who explore how various psychological, cognitive, emotional, cultural, and social factors determine the economic decisions of both individuals and organizations.

Time Inconsistency

A situation where a person's preferences change over time in such a way that what is preferred at one point in time is inconsistent with what is preferred at another time.