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

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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

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