For three generations the Mendez family has owned the mining rights to mine gold on Diegos land. Last month Diego sold his land to a developer who promptly enclosed the land with a large chain-link fence that had only one access, a locked gate. What should the Mendez family do?
a. obtain a quitclaim deed from the developer
b. sue the developer for specific performance
c. institute a quiet title action
d. nothing, the Mendez family is now without recourse
Answer: c. institute a quiet title action
Business
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Indicate whether the statement is true or false
Business
Which of the following is an example of consequential (indirect) loss?
A) the theft of a person's jewelry B) the destruction of a firm's manufacturing plant by an earthquake C) the cost of renting a substitute vehicle while a collision-damaged car is being repaired D) the vandalism of a person's automobile
Business