License and Profits Flashcards
1
Q
License
A
Mere privilege to enter another’s land
2
Q
License revocation
A
At will of licensor
3
Q
Estoppel for license
A
Bars revocation when licensee has invested $, labor, etc in reasonable reliance on license
4
Q
Profit
A
Entitles holder to enter servient land and take resources
5
Q
Creation of profit
A
Same as easement (PING)
P-prescription (adverse possession)
I-implication ( pre existing)
N-necessity (land lock)
G-grant (signed in writing)
