Gloria owns a piece of real property. She sells one-half of this property to Sam, but reserves the
rights to cross over Sam's land to get to her remaining one-half. Gloria has created a(n):
A) Easement a pendre.
B) License.
C) Easement appurtenant.
D) Profit.
E) Easement in gross.
C
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Firms sometimes issue bonds or preferred stock with stock warrants. Which of the following is/are not true?
a. The stock warrant permits the holder to exchange the warrant and a specified amount of cash for shares of the firm's common stock. b. The preferred shareholders benefit if the market price of the common stock increases. c. Firms may issue preferred stock with stock warrants attached. d. Attaching a stock warrant permits the firm to issue preferred stock with a lower dividend rate. e. none of the above
Forecasts can contribute to ethical decision-making in which of the following ways?
a. Ethics are not used to make forecasts. b. Ethics affect the results of the forecasting efforts. c. Ethics do not usually affect the results of the forecasting efforts. d. Ethics do not play a prominent role in forecasting.
Construction on a building began on January 2, 2015. As between a construction mortgage recorded on January 11, 2015, and a plumber who records a lien on March 15, 2015: A) The plumber will have priority in a dates back state
B) The construction mortgage always has priority. C) The plumber will have priority if it did its work prior to January 11. D) The plumber and construction mortgage are on equal footing.
How did the NIRA come into effect?