Licenses and Profits Flashcards
1
Q
A license is a …
A
mere privilege to enter another’s land for some delineated purpose.
2
Q
A failed attempt to create an easement results in…
A
a license.
3
Q
Licenses are revocable…
A
freely at the will of the licensor.
4
Q
When will estoppel apply to bar revocation of a license?
A
Only when the licensee has invested substantial money or labor (or both) in reasonable reliance on the license’s continuation.
5
Q
A profit entitles its holder to…
A
enter the servient land to take from it some resource or some product of the property.
6
Q
A profit is created and extinguished…
A
in all of the same manners as easements.
7
Q
In addition to the extinguishment methods for easements, profits may be extinguished through…
A
surcharge, which is a misuse that overly burdens the servient estate.
