Felipe Purchases a Plot of Land That Is Owned by Ron

question 16

Multiple Choice

Felipe purchases a plot of land that is owned by Ron. After he purchases the property, Felipe discovers that the land contains valuable mineral deposits and quarries them. Ron, who did not know that the land contained valuable minerals at the time of sale, sues Felipe to recover the value of the mineral deposits. Under these circumstances, _____.

• A) Felipe is the owner of the deposits because they became his personal property upon quarrying
• B) Felipe is the owner of the deposits because the mineral deposits are fixtures
• C) Ron can recover the fair market value of the mineral deposits because he did not intend to make a gift of personal property under these circumstances
• D) Ron can rescind the sale because Felipe is liable for conversion under these circumstances

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Definitions:

Cancer Tumors

Abnormal growths of cells that can be benign or malignant, with the latter having the potential to invade or spread to other parts of the body.

Osteoporosis

A condition characterized by weakened bones, increasing the risk of fractures.

Bone Density

The measure of mineral content within bones, an indicator of bone strength and risk factor for osteoporosis.

Osteoporosis

A bone disease characterized by decreased bone density and mass, leading to fragile bones that are more susceptible to fractures.