Reference no: EM133173836

1. What type of legal entity provides its owners with the benefit of limited liability, yet is burdened by double taxation?

2. Roberta is the owner of a small commercial farm. For the past thirty years, Roberta's farm has relied on water that was drawn from a lake located on Henry's land. If Henry attempts to prevent Roberta from drawing water from the lake, can Roberta argue in court that she has acquired a profit (or "profit-à-prendre") that gives him the right to draw water from this lake?

3. Jerry is the owner of land that has vast uranium deposits underground. Since Jerry does not have the resources to extract the uranium himself, what can Jerry do to make money from the uranium while still maintaining ownership of all the real estate, including the uranium deposits?