Discuss the factors that will determine ownership of the lot

Assignment Help Operation Management

Reference no: EM131733208

Oscar owns a vacant lot in fee simple. Oscar lives in Europe and rarely visits the lot. Adam, the next-door neighbor to the lot, takes possession of the lot. He constructs a fence around the lot, mows the grass, and parks his truck on the lot the statute of limitations for adverse possession in the state where the lot is located is 10 years. Adam possesses the lot for 8 years and sells it to Bob. Bob possesses the lot in the same manner as Adam for 5 years, discovers Bob on the lot, and sues him for trespass. Bob defends on the grounds that he is the owner of the lot by adverse possession Who wins? discuss the factors that will determine ownership of the lot.

Reference no: EM131733208

Questions Cloud

Explain how investment center managers might be evaluated : Define an investment center and explain how investment center managers might be evaluated.

Determine which benefits company should drop : Assume the company you researched must drop 25% of the discretionary benefits it currently offers. Determine which benefits it should drop.

Provide the total calories of the three macronutrients : Provide the total calories, grams and percentages of the three macronutrients the meal plan provides.

Discuss problem related to the costs of borrowing : Costs of Borrowing. In exchange for a $400 million fixed commitment line of credit, your firm has agreed to do the following.

Discuss the factors that will determine ownership of the lot : Oscar owns a vacant lot in fee simple. Oscar lives in Europe and rarely visits the lot. discuss the factors that will determine ownership of the lot.

How much do you think government should step in a regulate : How much do you think the government should step in a regulate and monitor to make sure companies are doing what they are suppose to be doing?

Majority of us businesses : By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole proprietor. The majority of U.S. businesses.

Effective annual interest rate on lending arrangement : Costs of Borrowing. Come and Go Bank offers your firm a discount interest loan with an interest rate of 6.5 percent for up to $20 million.

Evidence of strategic management being utilized : Please discuss an item from the current news where you see evidence of strategic management being utilized.

User Account

All Pages