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1) Use a simple sketch to show the location of the parcel described as ”the NW ¼ of the NE ¼ of the SE ¼ of the SE ¼” of a section. How many square feet dose the parcel contain?

2) Fred leases a building from George for his new restaurant. To increase his business, Fred installs an antique bar in the center of the restaurant, complete with water and drain lines. A year later, Fred’s business is so successful he decides to move to a larger building. He plans to remove the bar and take it to the new location, but George protests, claiming the bar is a fixture and cannot be removed. Dose Fred have to remove the bar? Why or way not?

3) Distinguish between the riparian rights doctrine and the prior appropriation doctrine of water rights?

Financial Management, Finance

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