71) When people expect that the future exchange rate will be lower, they ________ the supply of dollars and the current exchange rate ________. A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls E) do not change; rises 72) Purchasing power parity is defined as A) a constant value for a currency. B) an equal value of money across […]
21. If the initial pressure of a 3.00 L gas sample is 2.50 atm, what will the pressure be if the volume is changed to 4.00 L at constant temperature? A) 5.50 atm B) 2.50 atm C) 7.50 atm D) 1.88 atm E) 0.533 atm 22. Which of the following statements is incorrect? (Assume that pressure and amount of gas are constant.) […]
61) The extent to which a society places a high value on reducing risk and instability describes Hofstede’s cultural dimension of: A) power distance. B) individualism. C) long-term/short-term orientation. D) uncertainty avoidance. 62) The degree to which a society places a high value on the future as opposed to the past or present describes Hofstede’s cultural dimension of: A) power distance. B) […]
121.Many firms pursuing a(n) _____ strategy on an international scale will price low worldwide to build global sales volume as rapidly as possible. A. price discrimination B. experience curve pricing C. price skimming D. penetration pricing E. economy pricing 122.Firms pursuing a(n) _____ strategy on an international scale will price low worldwide in attempting to build global sales volume as rapidly as possible, even if this means taking […]
19.3 Capital and Natural Resource Markets 1) Other things remaining the same, the A) higher the rental rate of capital, the greater the quantity of capital demanded. B) lower the rental rate of capital, the smaller the quantity of capital demanded. C) higher the rental rate of capital, the smaller the quantity of capital demanded. D) rental rate of capital and the quantity […]
11.4 Trade and Growth: Takeoff in Asia 1) Historically those few developing countries which have succeeded in significantly raising their per-capita income levels A) did not accomplish this with import-substituting industrialization. B) did accomplish this with import-substituting industrialization. C) tended to provide heavy protection to domestic industrial sectors. D) favored industrial to agricultural or service sectors. E) did so to the detriment of […]
11) Firms that participate in regular open market transactions with the Federal Reserve are called A) secondary market banks. B) Treasury banks. C) primary dealers. D) Federal Reserve partners. 12) In 2008, the Treasury and Federal Reserve took action to save large financial firms such as Bear Stearns and AIG from failing. Which of the following is one reason why these measures were taken? […]
91) A perfectly competitive firm will shut down when the price is just below the minimum point on the A) average fixed cost curve. B) average total cost curve. C) marginal cost curve. D) average variable cost curve. E) marginal revenue curve. 92) Under which of the following conditions will a profit-maximizing perfectly competitive firm shut down in the short run? A) when […]
21) Which of the following situations describing a resource allocation method most resembles the majority rule method? A) Seventy percent of Austin’s chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets. B) Lattes are sold at Starbucks. C) Food from the Weld County Food Bank is distributed to families in need. D) Jose works […]
91) Which of the following is the best explanation for why the price of gasoline increases during the summer months? A) Oil producers have higher costs of production in the summer. B) Sellers have to earn profits during the summer to cover losses in the winter. C) There is increased driving by families going on vacation. D) There is less competition among oil refineries […]
As you have learned throughout this course, there are various methods in acquiring property. Similarly, there are various rights and duties associated with property acquisition and ownership. These rights and duties are created in situations such as adverse possessions, property purchases, licenses, easements, encumbrances, etc.
Easement agreements are simply contractual agreements. Easement agreements must conform to the specific contractual requirements, especially relative to Statute of Frauds. Therefore, the traditional contractual principles will apply here, in addition to state statutory authority that clarifies these same aspects.
Scenario
Suppose the owners, Mr. Land and Mrs. Acre, of two houses (124 West Main Street, Your town, Your state, which is House 1, and 126 West Main Street, Your town, Your state, which is House 2,) that share a common driveway come to your office for the preparation of an easement. Mr. Land owns House 1, and Mrs. Acre owns of House 2. The driveway really belongs mostly to Mr. Land, but Mrs. Acre would like to use it to get to the back of her home. The parties want to formally put their agreement in writing, as Mrs. Acre intends to pay Mr. Land $2,000 for the easement right.
Instructions
Prepare and submit a joint driveway easement that would cover their rights to use the joint driveway, which includes the following information within the agreement itself:
Grantor
Grantee
Date
Consideration
Words of Conveyance
Legal Description (you can be creative and create your own legal description; but, it must adhere to the metes and bound requirements or similar legal description methods)
Granting Clause
Encumbrance Clause
Reddendum Clause
Habendum Clause
Tenendum Clause
Warranty Clause
Any Miscellaneous Clauses
Testimonial Clause/Witnesses and Acknowledgment (including notarization)
Please submit same within the applicable Dropbox for grading by the end of Unit 3.
Tips and Suggestions
(1) Be sure to refer to your state's statutes that may address the parties’ rights and that may assist in adhering to your state’s standard on document preparation relative to Statute of Frauds, agreements involving real property and the recording of same.
(2) Remember that this agreement is a contractual one, so you want to provide the necessary elements and incorporate the necessary contractual principles in this agreement. For a review of contract principles go to pages 66 through 79 in the text
(3) Be creative. Consider the various factors in this scenario that may affect each party’s rights and obligations relative to this easement agreement.
(4) Create an organized and formatted agreement.
(5) Samples are provided at the following resources, which provide a variety of easements (commercial, conservation, etc.):
http://www.oregon.gov/Aviation/docs/resources/AppendixI.pdf
Pennsylvania Land Trust Association:http://conserveland.org/libraries/4/topics/5
U.S. Legal Forms, Inc.: http://www.uslegalforms.com/tx/TX-EAS-1.htm
Note: these samples are merely to provide additional learning and assistance.
Good luck and have fun and be creative in your learning
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more