This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a profit or license? How does a profit or license differ from a covenant? From an easement? ... (Read 40 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Aug 3, 2018
What is a profit or license? How does a profit or license differ from a covenant? From an easement?
 
  What will be an ideal response?

Question 2

There is a common misconception that individuals and businesses that file for bankruptcy are over-extended, ________ money managers who want to get out of paying their debts.
 
  A) Responsible
  B) Irresponsible
  C) Tired
  D) Spendthrift


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Aug 3, 2018
Answer to Question 1

At common law, a profit was a right to remove items from the soil. Today, profit has been replaced by the license, which is a privilege to use the land for any specific profit making purpose, not limited taking from the soil. Where easements are permanent in that they run with the land, a license is personal and temporary. Subsequent buyers of the license have no assurance that the owner of the property will continue the license.

Answer to Question 2

B


Engineer

  • Member
  • Posts: 527
Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Deserts differ across the world. (a) Acacia trees between a gravel plain and sand dunes in the Namib Deserts differ across the world. (a) Acacia trees between a gravel plain and sand dunes in the Namib
C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and
(a) Mammal species from central Saskatchewan differ greatly in their isotopic signatures. (b) There (a) Mammal species from central Saskatchewan differ greatly in their isotopic signatures. (b) There
The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc The crania, and especially the faces of KNM-ER 1813 and 1470, differ enough that some scientists inc
Profit-maximizing Chart Profit-maximizing Chart
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Fractures Animation

For a complete list of videos, visit our video library