Preview

Stark Memo

Powerful Essays
Open Document
Open Document
3342 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Stark Memo
Question Presented

Under North Carolina law, can a person adversely possess land that is held in co-tenancy when: 1.) The person has not recognized that they are in co-tenancy 2.) The person has had sole possession of the land for nineteen years 3.) The person has paid the property taxes from his personal account 4.) The person has resided on the property and 5.) The person has built a resort as his business on the land?

Brief Answer

No, a person is not likely to be able to claim the land held in co-tenancy under adverse possession when they fail to meet the statutory time. In North Carolina before a person can possess land that is held in co-tenancy, there must be an actual ouster or what North Carolina adheres to as a constructive ouster. The rule presumes the requisite ouster if one tenant in common has been in sole and undisturbed possession and has use of the land for at least twenty years without any demands for rents, profits, or possession from the other co-tenant as well as no acknowledgment of co-tenancy. North Carolina will not presume ouster if the complete possession is under twenty years and the person has acknowledged that they are in co-tenancy with another. Under this portion of the rule a court will most likely conclude that he has met the requirement of sole and undisturbed possession, has made no acknowledgement or demands from the other co-tenant, but has failed to do so for a the statutory period of twenty years.

Facts

Howard Stark was the father of Tony Stark. In 1985 Howard Stark died testate, which is he died with a will where he left Tony Stark all of his possessions. In this will, Howard Stark included a piece of land that originally belonged to Tony’s grandfather Stark. The land is a 17 acre plot located in the mountains of Stellar, N.C. This piece of land originally belonged to Grandfather Stark’s. In Grandfather Stark’s will he had left it originally to Howard Stark and his brother Anton Vanko. His

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ch 28 Question CPA Law

    • 284 Words
    • 1 Page

    Joseph Bitter and two brothers, Joseph Smith and Steve Smith, became good friends. As a result of their friendship, they decided to go into the tavern business together. The parties bought an existing tavern and took title in the name of their corporation; Gomer’s Inc. Soon the brothers began feuding with bitter and because of their combined two-thirds interest, assumed virtual control of the business. In response bitter claimed that he and the brothers (the promoters) not the corporation held title to the real state. He claimed that Gomer’s Inc., could not own the building because the corporation was not yet in existence when the contract was made. Do the promoters, rather than the corporation, own the building?…

    • 284 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    (Cheeseman2013) In the case of Cunningham v. Hastings, Mr. Hastings and Mrs. Cunningham, was an unmarried couple, purchased a home together. Mr. Hastings put $45,000 down payment toward the home out of his pocket. When it came to how the deed established the deed stated Hastings Cunningham as joint tenants with the right of survivorship. The couple occupied the property jointly. When the relationship between the two ended, Mr. Hastings seized sole possession of the property. Mrs. Cunningham filed a complaint seeking partition of the real estate. Based on its determination that the property could not be split, the trial court ordered it to be sold. The trial court further ordered that $45,000 of the sale proceeds be paid to Mr. Hastings to reimburse…

    • 321 Words
    • 2 Pages
    Good Essays
  • Good Essays

    North Carolina law includes a doctrine called the “implied covenant of good faith and fair dealing” (Meek,…

    • 926 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Nolans requested that the Naabs remove the garage from their property. When the Naabs refused, a lawsuit ensued. Who Wins?? (Adverse Possession)…

    • 800 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    A shared ownership occupier is someone who owns a specific percentage of their home and this is usually a joint ownership with the person who built the property. This tends to be arranged with the local council or a social landlord, who may of paid to build the property and is now selling off a ‘stake’ in the property. Like a full owner occupier the costs of a shared ownership property will usually be met by either mortgage for the percentage ownership of the property over a set number of years or by paying the cost of purchasing said percentage of the house in full.…

    • 2462 Words
    • 10 Pages
    Good Essays
  • Better Essays

    Mr. Barney Case Study

    • 1055 Words
    • 5 Pages

    (2005). 2005 North Carolina code - general statutes § 41-2. Survivorship in joint tenancy defined; proviso as to partnership. Justia.com. Retrieved from…

    • 1055 Words
    • 5 Pages
    Better Essays
  • Better Essays

    (a) Any person having had, either personally or through those whom that person's claim arises, individually or through whom a person claims, seven (7) years' adverse possession of any lands, tenements, or hereditaments, granted by this state or the state of North Carolina, holding by conveyance, devise, grant, or other assurance of title, purporting to convey an estate in fee, without any claim by action at law or in equity commenced within that time and effectually prosecuted against such person, is vested with a good and indefeasible title in fee to the land described in such person's assurance of title.…

    • 1880 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    Memo

    • 302 Words
    • 2 Pages

    In conclusion there were fifty one abnormalities found and spoken of for the 2007 Revenue Cycle. Out of the fifty one transactions thirty one of them were found without credit approval. A total of 11.5 percent in the total sales had been in delinquent states for thirty days before it was actually collected. Then you also have the accounts receivable state on nine days past due with an amount over fourteen thousand dollars. In order for the receivables cycle to show improvement the sales order credit approval and the compliance process needs to show a more detailed process improvement.…

    • 302 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Since Barry doesn’t want the property in his name due to his financial situation, following the Doctrine of Worthier Title idea of keeping the reversion for himself is not a sensible option. The Rule in Shelly’s Case has been abolished in most states. This being the case, we will proceed in this manner as the state of New Tutor does not acknowledge this rule.…

    • 716 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Memo 2

    • 561 Words
    • 2 Pages

    No, the IRS cannot disallow a deduction for compensation without determination that the compensation is unreasonable. The IRS must determine whether the deduction for compensation is unreasonable to disallow a deduction that was taken. They may disallow any portion of a compensation deduction determined to be unreasonable and tax it as a dividend to the recipient.…

    • 561 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The protection of an individual’s right to his or her property has become one of our most important rights.…

    • 2518 Words
    • 13 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Tmn Memo

    • 1093 Words
    • 5 Pages

    I have been a Team Member of Wells Fargo for 5 years and realize there is a definite…

    • 1093 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    correct memo

    • 406 Words
    • 2 Pages

    On December 10, 2013 the Information Technology manager asked me to do some research on the best web conferencing programs for our weekly status meetings. After completing my research I have decided that Adobe Connect would be the best choice for our video conferencing needs.…

    • 406 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Red Wolf Memo

    • 1055 Words
    • 5 Pages

    Usually inbreeding is a great tool used to get more of the desired traits in livestock, but when it comes to wild animals the outcome is not as successful. I feel that inbreeding is only harmful to wild animals because unlike domesticated animals wild animals are not in a controlled environment. I believe that there is much more effort put into conserving endangered species in the wild. After all the programs made for red wolves, they still seem to not be at the desired or expected population…

    • 1055 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Possessory interest is when a person is to occupy and/or exercise control over a particular plot of land. A possessory interest is “distinguished from an interest in the title to property, which may not include the right to immediately occupy the property”. Example: a long-term lease. (The People 's Law Dictionary 2005)…

    • 703 Words
    • 3 Pages
    Powerful Essays