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Schach [20]
3 years ago
6

Thirty years ago, the original owner of Greenacre, a lot contiguous to Blueacre, in fee simple, executed and delivered to his ne

ighbor an instrument in writing which was denominated "Deed of Conveyance." In pertinent part it read, "[The owner] does grant to [the neighbor] and her heirs and assigns a right-of-way for egress and ingress to Blueacre." If the quoted provision was sufficient to create an interest in land, the instrument met all other requirements for a valid grant. The neighbor held record title in fee simple to Blueacre, which adjoined Greenacre. Twelve years ago the owner's son succeeded to the original owner's title in fee simple in Greenacre and seven years ago the neighbor's daughter succeeded to the neighbor's title in fee simple to Blueacre by a deed which made no mention of a right-of-way or driveway. At the time the neighbor's daughter took title, there existed a driveway across Greenacre which showed evidence that it had been used regularly to travel between the main road and Blueacre. Blueacre did have frontage on a side road, but this means of access was seldom used because it was not as convenient to the dwelling situated on Blueacre as was the main road. The driveway originally was established by the neighbor. The neighbor's daughter has regularly used the driveway since acquiring title. The period of time required to acquire rights by prescription in the jurisdiction is ten years. Six months ago the son notified the neighbor's daughter that the son planned to develop a portion of Greenacre as a residential subdivision and that the daughter should cease any use of the driveway. After some negotiations, the son offered to permit the daughter to construct another driveway to connect with the streets of the proposed subdivision. The daughter declined this offer on the ground that travel from Blueacre to the main road would be more circuitous. The neighbor's daughter brought an appropriate action against the son to obtain a definitive adjudication of the respective rights of the daughter and the son. In such lawsuit the son relied upon the defense that the location of the easement created by the grant from the original owner to the neighbor was governed by reasonableness and that the son's proposed solution was reasonable.
The son's defense should:____________
Business
1 answer:
sineoko [7]3 years ago
7 0

Answer: Son's argument should fail

Explanation:

The son's defense will fail because the location of the easement is not governed by reasonableness as it had been established at its current location by the neighbor.

It can not now be changed arbitrarily by the son because the original owner had allowed it to be built. The easement's location is therefore established by actions between the original owner and the neighbor and so it is a binding location.  

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After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exc
kari74 [83]

Answer: 1. False

2. True

Explanation:

1. Compound Interest allows an investor to earn money on the interest that has already accrued to the investment instead of just on the original investment like Simple interest. For this reason, the future value of compound interest will always be larger than simple interest for the simple reason that Compound interest is being charged on an amount larger than the amount being used for Simpler interest.

2. The process of compound interest does indeed allow a depositor/ investor to earn interest on any interest earned in prior periods. For instance, if the interest rate on a $500 saving is 10% per annum and it is using Compound interest, in the first year the interest earned will be,

= 10% * 500

= $50

In the second year the interest earned will be,

= 10% * 500 + the previous year interest

= 10% * 550

= $55

Notice how the interest has increased.

3 0
3 years ago
In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
icang [17]

Answer:

 c. will earn zero economic profits but positive accounting profits.

Explanation:

In a competitive industry, there are many buyers and sellers of homogenous goods and services. There are also low barriers to entry and exit of firms. In the short run, if a firm is earning economic profit, new firms enter into the industry and drive economic profit to zero. Thus, in the long run, a firm only earns accounting profit.

Accounting profit is total revenue less total cost or explicit cost.

Economic profit is accounting profit less implicit cost or opportunity cost.

I hope my answer helps you

3 0
4 years ago
Read 2 more answers
During the ________ stage of the product life cycle, product proliferation occurs as competitors attempt to differentiate their
Anton [14]

Answer:

The answer is introduction

Explanation:

During the __introduction______ stage of the product life cycle, product proliferation occurs as competitors attempt to differentiate their company's brand from others.

3 0
3 years ago
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Samuelson and Messenger (SAM) began 2021 with 210 units of its one product. These units were purchased near the end of 2020 for
ivann1987 [24]

Answer:

<u>FIFO</u>

Ending inventory: = 6745

Cost of goods sold: = 5120

<u>AVERAGE</u>

Ending inventory: 6215

Cost of goods sold: = 5650

Explanation:

The FIFO (First input, first output) method allows you to make an inventory valuation, taking into account that the first items that enter the stock are the first ones that come out.

In the method of valuation of weighted average cost inventory, a weighted average is used to determine the cost of goods sold and the value of the inventory.  To do this, the cost of the goods available for sale is divided by the number of units available for sale.

<em>(See the attached form to see the calculations)</em>

Download docx
3 0
3 years ago
How long after my taxes are accepted will i get them?.
sergij07 [2.7K]

answer :in less than 21 days

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