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 81 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 Today, profit has been replaced by the license, which is a privilege to use the land for any specific profit making purpose, not limited taking from the soil.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
YES! Correct, THANKS for helping me on my review

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Metabolic rates of animals that differ in size. Metabolic rates of animals that differ in size.
(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
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ... When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ...
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: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library