In constructing the railroads in the United States, thousands of landowners granted the federal government easements for the placement of railroad tracks. As rail travel declined, many of the routes were no longer used. Many of the railroad tracks were dismantled formally by cities and towns and many were dismantled informally by those seeking to utilize the iron from the tracks and the wooden ties. In some cases, the tracks were turned into bicycle paths that have served recreational and commuter needs. Jeff owns a house boat that he has moored off an island in the Mississippi. The island is property of the city of Natchez, Mississippi. Jeff has had the house boat moored there for 32 years and has lived in the house boat all those years. The city has become concerned about the house boat, its safety, and possible liability for its attachment to city land. Which of the following statements best describes Jeff's legal rights?
A) Jeff has a license that the city can revoke.
B) Jeff has no legal rights to keep the house boat there.
C) Jeff has an easement appurtenant.
D) None of the above
Question 2
The use of letters of credit arose in international trade.
Indicate whether the statement is true or false
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