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47.) "for real property, a personal, unassignable, and typically revocable privilege or permit to perform some activity on the land of another without obtaining an interest in the property" is the definition of

Respuesta :

"For real property, a personal, unassignable, and typically revocable privilege or permit to perform some activity on the land of another without obtaining an interest in the property" is the definition of license.

What is the license?

  • One party (the licensor) issues a license to another party as a part of their agreement (the licensee).
  • A government-issued license must be applied for in order to be obtained.
  • Specific agreements, which are often written, affect private parties (such as a lease or other contract).
  • The simplest definition of a license is "A license is a promise not to sue."
  • This is because a license typically either allows the licensed party to do something that would violate the rights of another party or it allows the licensed party to engage in an activity that is illegal and subject to prosecution without the license (like fishing, driving, or operating a broadcast radio or television station).

To know more about the Licence visit:

https://brainly.com/question/3126264

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