In a mineral rights or mineral interest transfer of subsurfa…
In a mineral rights or mineral interest transfer of subsurface rights, an oil company typically owns the subsurface rights and is legally entitled to use the surface to capture the minerals, although the oil company does not actually own the surface. (Chapter 3)
Read DetailsA block is thrown upward from the ground with an initial vel…
A block is thrown upward from the ground with an initial velocity of v0 = 900 m/s. The figure shows the y-position of the block as a function of time t. y1 represents the maximum height. If y2 = [f]× y1, what is t2 in seconds?
Read DetailsYou throw an object vertically downward with an unknown init…
You throw an object vertically downward with an unknown initial velocity v0 at a y-position of y0 = [y0] m. The figure shows the velocity of the object as a function of time t. Given t1 = 0.2 s, t2 = 0.4 s, and v1 = -20 m/s, what will be the y-position of the object at t2? Assume upward is positive. Provide your answer in meters.
Read DetailsDavid owns a home located at 123 Mulberry Lane. He decides…
David owns a home located at 123 Mulberry Lane. He decides he wants to redo the basement and make it into a man cave. In March, 2015, he enters into a contract with Albert to remove several inner basement walls to make an open layout man cave. The contract between David and Albert states that David will pay Albert $10,000.00 for his labor and materials. In April, 2015, David then enters into a contract with Brian to build custom built wooden bookcases that would hold a large home movie theater system. The contract between David and Brian states that David will pay Brian $20,000.00 for his labor and materials. In May, 2015, David has a birthday. As a birthday present, Calvin tells David he will paint the walls of David’s basement-turned-man cave. David picks out a blue color, and Calvin paints the walls as a gift to David. In June, 2015, David enters into a contract with Ferguson to install a home movie theater system inside the basement. The contract between David and Ferguson states that David will pay Ferguson $30,000.00 for his labor and materials. In July, 2015, David has not paid anyone any money towards their fees for their work and/or furnished materials for his basement (thus, full balances are due and owing at this time). David decides to leave town and wants to sell his home. It’s valued at $30,000.00. Several of the above mentioned people decide to place liens on David’s home to make sure they get paid. By what method will priority be determined? (i.e., who will get paid first)? (Chapter 6)
Read DetailsMarketable Title is a form of title generally required to be…
Marketable Title is a form of title generally required to be delivered in the sale of property, and it signifies that that the property is free from liens and that there are no defects other than those noted or agreed to. (Chapter 13)
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