Sohal owns a home and has an easement over 20 feet of Lightfoot's land. Sohal sells to Carter. Based on this information:
a. Carter is the servient tenement
b. the easement is terminated
c. Lightfoot has a lien
d. Carter has an appurtenance
Answer: d. Carter has an appurtenance
Business
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Which of the following statements is (are) true about a longevity annuity (longevity insurance)?
I. If the annuitant dies during the deferral period, the purchase price of the annuity is forfeited. II. Longevity insurance is an example of an immediate annuity. A) I only B) II only C) both I and II D) neither I nor II
Business
The Japanese current account surplus can best be attributed to
A) the high rate of Japanese domestic investment. B) Japanese protectionism. C) the high rate of Japanese savings. D) government budget deficits.
Business