License/Profit Flashcards
1
Q
License
A
Mere privilege to enter, another’s land for some delineated purpose.
STATUTE OF FRAUDS DOES NOT APPLY
Freely revocable, unless estoppel (licenseee has invested substantial money/labor in reliance to continuation
2
Q
Profit
A
Entitles holder to enter servant land AND TAKE FROM IT (soil, or some substance from soil.)
Shares same rules as easements in creation, termination, alienation
MAY BE TERMINATED BY SURCHARGE - misuse