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Mademuasel [1]
2 years ago
11

What is the most important implied covenant in an oil and gas lease

Law
1 answer:
Snowcat [4.5K]2 years ago
6 0

The most important implied covenant in an oil and gas lease is that the lessee must continue to develop the underlying resources according to the agreement.

<h3>What is an implied covenant?</h3>

An implied covenant is a contract rule to require parties in a contract to implement the intended terms of the agreement.

The purpose of an implied covenant is to ensure that the parties do not undercut the purpose of the contract.

Other essential covenants are that the lessee of an oil and gas lease must protect and administer the leasehold.

Thus, the most important implied covenant in an oil and gas lease is that the lessee must continue to develop the underlying resources

Learn more about implied covenants at brainly.com/question/14690201

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Which of the following statements best indicates how the Electoral
sertanlavr [38]

States with a greater population send more electors to the electoral college - this statement best indicates how the Electoral College benefits small states most.

<h3>What is Electoral College?</h3>

The United States Electoral College is the group of presidential electors required by the Constitution to form every four years for the sole purpose of appointing the president and vice president. The Electoral College does give disproportionate mathematical weight to small states. But its goofy structure means almost all of them are ignored in presidential politics. Almost every state gives all of its electoral votes to whoever wins the state allowing candidates to take the votes of strongly partisan states for granted. Indeed, it's actively foolish to campaign where you are guaranteed to win or lose only the swing states matter.

The correct answer is option D.

Learn more about Electoral College, refer:

brainly.com/question/18750900

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3 0
2 years ago
The fifteenth amendment guaranteed _______________ for all us citizens, regardless of previous condition of servitude.
amm1812

The fifteenth amendment guaranteed "right to vote" for all us citizens, regardless of previous condition of servitude.

<h3>What was 15th amendment of US constitution?</h3>

The 15th Amendment, passed by Congress on February 26, 1869 and ratified on February 3, 1870, granted African American men the right to vote.

Some key features regarding the 15th amendment of US constitution are-

  • The 15th Amendment, enacted in 1870, appeared to former abolitionists and the Radical Republicans in Congress who shaped Reconstruction after the Civil War to signify the satisfaction of all promises to African Americans.
  • After being set free by the 13th Amendment and granted citizenship even by 14th Amendment, Black males have been granted the right to vote by the 15th Amendment.
  • In retrospect, the 15th Amendment was merely another step in the fight for equality that would endure more than a century already when African Americans could fully participate in American public as well as civic life.

To know more about the 15th amendment of US constitution, here

brainly.com/question/620540

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5 0
1 year ago
Which of the following does NOT happen at an arraignment?
NemiM [27]

Answer:

e.

Explanation:

4 0
3 years ago
Is it illegal for a 24 year old to date a 39 year old?
Mademuasel [1]

Answer: No it is not a legal for a 24-year-old to date a 39-year-old.

Explanation: it is not illegal because as long as they’re not under the age of 18.

7 0
3 years ago
3-38 Alimony. As a result of their divorce, Fred agreed to pay alimony to Tammy of $20,000 per year. The payments are to cease i
NISA [10]

Answer:

a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? b. How will the payments be treated if the divorce is covered by new law? c. What is Tammy's basis in the residence? d. What role would a tax adviser play in a divorce?

Explanation:

a. For Fred, the 20,000 must be included in income. There is no deduction for paying alimony.  For Tammy, the amount is not included in income.

b. If the divorce was complete prior to December 31, 2018, Fred  can deduct the $20,000 payments as alimony.   If the divorce was complete prior to December 31, 2018, Tammy  must include the $20,000 payments in gross income.

c. It's $100.000,00

d.  Tax advisors are responsible for determining the value of property given in lieu of cash for an alimony payment.

8 0
3 years ago
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