Evaluate this statement for its accuracy: "All landowners assume the risk of changes in the use of surrounding property."
The statement is generally correct. The Fountainbleau case illustrates that there is some risk associated with the use of property by adjoining landowners. In the absence of deed restrictions, CCRs, or solar protection statutes, there is always a risk that the adjoining landowner would make some use of the property that interferes with view, light, shade, etc. However, if the use prevented development or use of surrounding property, the effect may be that a nuisance is created.
You might also like to view...
A time-series forecast, which is used to predict long-term trends, cyclic patterns, and seasonal variations, is one type of
A. organizational strength. B. contingency planning. C. trend analysis. D. balanced scorecard. E. strategy formulation.
When Stephanie compares the work required in her job to the work required in Heather’s job, she finds that the two jobs are similar. While the work in the jobs is different, the jobs involve similar responsibility, skills, and working conditions. However, Heather is paid $2 an hour more than Stephanie is paid. Stephanie’s findings appear to reveal a violation of ________.A. pay secrecy B. comparable worth C. equal pay D. market rates E. profit sharing
A. pay secrecy B. comparable worth C. equal pay D. market rates E. profit sharing
The theory for which insurance is based where a protection is purchased by many whose total payments are pulled together to pay off those few who actually incur a particular loss is called shared risk.?
Indicate whether the statement is true or false
Samson Enterprises issued a ten-year, $20 million bond with a 10% interest rate for $19,500,000. The entry to record the bond issuance would have what effect on the financial statements?
A. Increase stockholders' equity. B. Increase assets and liabilities. C. Increase liabilities. D. Increase assets.