W & Co., a logging company, received a letter from M, the new owner of a certain property, notifying it that the latter will close the road running through his property and through which W & Co.’s trucks pass in hauling logs to its sawmill. W & Co., therefore, begged M not to do so and upon the latter^ refusal, W & Co. filed an action for injunction alleging among others that it had acquired a right of way through M’s land before by virtue of a verbal agreement with the previous owner. Will the action prosper?
W & Co., a logging company, received a letter from M, the new owner of a certain property, notifying it that the latter will close the road running through his property and through which W & Co.’s trucks pass in hauling logs to its sawmill. W & Co., therefore, begged M not to do so and upon the latter^ refusal, W & Co. filed an action for injunction alleging among others that it had acquired a right of way through M’s land before by virtue of a verbal agreement with the previous owner. Will the action prosper?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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W & Co., a logging company, received a letter from M, the new owner of a certain property, notifying it that the latter will close the road running through his property and through which W & Co.’s trucks pass in hauling logs to its sawmill. W & Co., therefore, begged M not to do so and upon the latter^ refusal, W & Co. filed an action for injunction alleging among others that it had acquired a right of way through M’s land before by virtue of a verbal agreement with the previous owner. Will the action prosper?
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