In Moran v. Sims, where the house Sims built was surrounded by land owned by Moran, and Sims sued for an easement for access to his house, the courts held that:
a. an easement cannot be created by fraud b. Sims had no right to demand an easement
c. public policy required Sims to be given an easement so he could get to his house
d. Sims did not have an easement, but Moran could not block Sims from driving to get to his property, so he had an equitable right to access his property
e. none of the other choices
d
You might also like to view...
Lavender Company purchased a machine on January 1, 2016, for $80,000. The machine has an estimated useful life of 5 years with a salvage value of $10,000. It is being depreciated using the straight-line method. On January 1, 2018, Lavender reevaluated the machine's useful life and now believes it will continue for another 5 years (for a total of 7 years) and have no salvage value at the end of
its useful life. What is the amount of depreciation expense related to this machine for the year ended December 31, 2018? A) $14,000 B) $10,400 C) $8,400 D) $7,430
How are ideas tested in the implementation stage?
a. through a second round of brainstorming b. through low-cost prototypes c. by designing the final product d. by producing products and having the customer use them
Saddleback Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
A. Assets, $30,000 decrease; liabilities, $30,000 increase. B. Assets, $30,000 decrease; liabilities, $30,000 decrease. C. Assets, $30,000 decrease; equity $30,000 decrease. D. Assets, $30,000 increase; equity, $30,000 increase. E. Liabilities, $30,000 decrease; equity, $30,000 increase.
A partnership is an association formed by two or more taxpayers (which may be any type of entity) to carry on a trade or business.
Answer the following statement true (T) or false (F)