If a Piece of Property Is Divided and One Portion

question 64

Multiple Choice

If a piece of property is divided and one portion is landlocked as a result,an easement by ______ is created.

• A) Prescription
• B) Express need
• C) Necessity
• D) Implication
• E) Requirement

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Definitions:

Issuing Stock

This refers to the process by which a company sells new shares to investors in order to raise capital.

Accounting Science

The discipline that studies the concepts, rules, and processes followed in accounting to collect, analyze, verify, and report financial information.

Financial Fraud

Intentional acts of deception involving financial transactions for the purpose of personal gain, such as embezzlement, insider trading, and fraudulent financial reporting.

Financial Statements

Compiled documents that present an entity's financial activity and condition, including the balance sheet, income statement, and cash flow statement.