Terry had a profit in gross to take gravel from property owned by Fallasha.Terry sold the profit to Mike, Dale and Linda, each of whom owns their own independent gravel
Company.Which of the following bests describes this situation:
A) The profit in gross is not alienable.
B) The profit in gross is alienable but not apportionable.
C) The profit in gross is alienable and apportionable.
D) The profit in question is really a profit appurtenant.
Correct Answer:
Verified
Q14: Wayne and Mitch own adjoining parcels of
Q15: Which of the following is not a
Q16: Bev owns 500 acres of timberland.She grants
Q17: Dawn used a path on Drew's property
Q18: A profit appurtenant may be sold to
Q19: Whenever possible, most courts attempt to construe
Q20: A license is like an easement in
Q21: Which of the following is generally considered
Q23: A license is irrevocable if:
A)the licensee exercised
Q24: Gretchen bought a lot 17 years ago
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents