An Owner Sells Land, but Reserves the Mineral Rights

question 13

Multiple Choice

An owner sells land, but reserves the mineral rights. Based on this, which of the following is true?

• A) the mineral rights are owned by the grantee
• B) the mineral rights are the personal property of the grantor
• C) the grantor owns the mineral rights as joint tenants with the grantee
• D) the mineral rights are the real property of the grantor

---

Definitions:

Tax Rate

The rate at which taxes are applied to a person or a company's income.

Per Unit

A term used to describe the measurement or pricing of something in individual units or on a per-item basis.

FICA

Federal Insurance Contributions Act, a U.S. law requiring a deduction from employees’ paychecks and employer contributions to fund Social Security and Medicare.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives.