Gary owns a home, and wants to buy a boat. In 2005, Gary con…

Gary owns a home, and wants to buy a boat. In 2005, Gary contacts Alpha Bank, Inc., to get a loan of $25,000.00. Gary and Alpha Bank, Inc., execute a security agreement together, and Gary agrees to place his home up for collateral.   In 2007, Gary decides he wants to build a carport. He contacts Beta Bank, Inc., to get a loan of $13,000.00 to build the carport. Beta Bank, Inc., agrees to loan Gary the $13,000.00, and Gary places his home up for collateral on this loan.   In 2008, Gary contacts Chi Bank, Inc., to get a loan of $15,000.00 to build a new car. Gary and Chi Bank, Inc., execute a security agreement together, and Gary agrees to place his home up for collateral for the car loan. Chi Bank, Inc., then files a financing statement in 2008 with the local courthouse in the county where Gary’s home is located in.   In 2014, Gary hits a midlife crisis and decides he needs a motorcycle, because his boat, new car, and carport just aren’t satisfying him anymore. Gary contacts Delta Bank, Inc., and asks for a loan of $45,000.00 for the motorcycle. Gary, once again, puts up his home as collateral for this loan. Delta Bank, Inc., executes a security agreement with Gary, and then files a financing statement with the same local county courthouse in 2014.   It’s 2015, and Gary still owes the following amounts to the following banks:                                   $3,000.00 to Alpha Bank, Inc.                                 $9,000.00 to Beta Bank, Inc.                                 $12,000 to Chi Bank, Inc.                                 $42,000.00 to Delta Bank, Inc.   Based on the scenario you just read, which of the following is true?

In a government survey land description, sections are descri…

In a government survey land description, sections are described in the following sequential order:                                                                 1              2              3              4              5              6                                                   7              8              9              10           11           12                                                   13           14           15           16           17           18                                                   19           20           21           22           23           24                                                   25           26           27           28           29           30                                                                 31           32           33           34           35           36

Alicia owns a solar powered home. Alicia’s neighbor, Bonnie,…

Alicia owns a solar powered home. Alicia’s neighbor, Bonnie, lives next door and is constructing a new home. Bonnie has agreed not to build her new home more than 2 stories high close to the boundary line Alicia and Bonnie share with each other, so that Bonnie’s home will not prevent the obstruction of sunlight to Alicia’s solar powered home. Is this an affirmative or negative easement?