Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider a case described below and select the best answer to the question. In a transaction of a barn building, the original owner of

image text in transcribed

Consider a case described below and select the best answer to the question. In a transaction of a barn building, the original owner of the barn transfers the barn to the new owner. The barn is located at a corner of the farm land belonging to the original owner before and after the transaction. Since the barn is inside the land owned by the original owner, the new owner regularly passes through the land of the original owner to access the barn despite that the transaction contract does not include the right to pass through the land. Question: what is the easement that the above situation constitutes? Law easement Easement by implication Easement by necessity Easement through contract between private parties

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

6th Edition

9780134486840

Students also viewed these Accounting questions

Question

(Appendix A) What is the purpose of the f-statistic?

Answered: 1 week ago