In Thayer v. Hollinger, the Montana high court held that the seller of property, who retained ownership of adjoining property and shared a common road, must allow buyers of property to have an easement to use trails on the seller's property so long as they connected to the road
a. True
b. False
Indicate whether the statement is true or false
False
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A credit union that obtains a federal charter obtains its charter from which government agency?
A. The Federal Savings and Loan Insurance Corporation B. The National Credit Union Administration C. The Federal Deposit Insurance Corporation D. The Office of the Comptroller of the Currency
Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated production activity for the upcoming year is 1,000 units. If the company desires to earn a gross profit of $50 per unit, the sales price per unit would be which of the following amounts?
A. $195 B. $290 C. $175 D. $415
________ is the transfer of multiple statutory rights under a single license
A. Package licensing B. Compulsory licensing C. Exclusive licensing D. Statutory copyright licensing
Pink Inc. sells half of its 70% interest in Salmon Co. on January 1, 20X6. On that date, the fair value of Salmon as a whole is $940,000 and the carrying amount of Pink's 70% share of Salmon is $320,000. What, if any, is the gain on the sale of half of Pink's interest in Salmon?
A. $0 B. $338,000 C. $169,000 D. $9,000