All of the Following Are Acceptable Ways to Terminate an Easement

question 30

Multiple Choice

All of the following are acceptable ways to terminate an easement, except:

• A) express release
• B) abandonment
• C) merger
• D) if created by deed, it may be extinguished by non-use

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Definitions:

Highest Price

the maximum price at which a good or service is sold in the market or the highest price a buyer is willing to pay.

Unconsummated Transaction

A transaction that is proposed but not finalized or completed.

Tax Rate

The percentage at which an individual or corporation is taxed on earned income, investments, or properties.

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).