Asked by
Dasia Nasheed
on Nov 28, 2024
Verified
Logging Corporation has a right to go onto Mountain Timber Company's land and harvest select trees. Logging's right is
A) a license.
B) an easement.
C) a profit.
D) a right to adverse possession.
Profit
The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Harvest
The process or period of gathering in crops.
- Clarify the differentiation between distinct property interest types and ownership formations.
- Understand the concept and implications of easements, profits, and licenses on property rights.
Verified Answer
MM
Learning Objectives
- Clarify the differentiation between distinct property interest types and ownership formations.
- Understand the concept and implications of easements, profits, and licenses on property rights.