Future Business Leaders of America (FBLA) Business Law Practice Exam

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Study for the FBLA Business Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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Which of the following describes an irrevocable right to use another's land?

  1. Mortgage

  2. Easement

  3. Lease

  4. License

The correct answer is: Easement

An easement is an irrevocable right to use another person's land for a specific purpose. It essentially grants the holder of the easement the legal ability to access and make use of the property in a manner that is defined within the easement agreement. This right is considered "irrevocable" because, once granted, it typically cannot be withdrawn without the agreement of both parties, especially if the easement is appurtenant (i.e., it benefits a particular piece of land). In contrast, a mortgage is an agreement that allows a lender to hold an interest in a property as security for a loan, which does not concern the use of the property itself in the same way an easement does. A lease involves renting a property, granting temporary use and occupancy rights to the lessee, but it is typically revocable and contingent on the terms of the lease agreement. A license permits a person to enter another’s property for a specific purpose but can be revoked at any time by the property owner. Hence, the definition of an easement aligns precisely with the characteristics mentioned in the question.