A Right or Interest in Land Granted to a Party

question 12

Multiple Choice

A right or interest in land granted to a party to make beneficial use of the land owned by another is a(n) :

• A) accession.
• B) precession.
• C) easement.
• D) subterranean right.

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Definitions:

Consolidations

The combination of two or more entities into a single entity, often with the aim of enhancing efficiency or competitiveness.

Mergers

The combination of two or more entities into one, through either the acquisition of one by another or the consolidation of the entities into a new entity.

Approval Certificate

A document issued by an authoritative body that verifies certain conditions have been met or standards have been achieved.

Appraisal Rights

The right of a shareholder to demand an independent evaluation of the value of shares before a major structural change in a corporation.