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Accession might also be (from Latin accedere, to go to, approach), in law, a method of acquiring property adopted from Roman law (see: accessio), by which, in things that have a close connection with or dependence on one another, the property of the principal draws after it the property of the accessory, according to the principle, accessio cedet principali.
In real property law, avulsion refers to a sudden loss of land, which results from the action of water. It differs from accretion , which describes a gradual addition to land resulting from the action of water.
In Florida, for example, littoral rights encompass: "(1) the right to have access to the water; (2) the right to reasonably use the water; (3) the right to accretion and reliction; and (4) the right to the unobstructed view of the water". [2]
They also include the right to acquire accretion and the right to boomage (a fee charge for securing a boom, generally for the retention of logs). Duties arising from the model include the following: Pass on the flow of water without obstruction, pollution or diversion affecting the rights of others.
Aside is a simplified example. A real-life accretion/dilution analysis may be much more complex if the deal is structured as cash-and-stock-for-stock, if preferred shares and dilutive instruments are involved, if debt and transaction fees are substantial, and so on.
A classic example of a fixture is a building, which, in the absence of language to the contrary in a contract of sale, is considered part of the land itself and not a separate piece of property. Generally speaking, the test for deciding whether an article is a fixture or a chattel turns on the purpose of attachment.
Gold and real estate between 6% and 8% ARR. The hurdle rate really is the S&P Index, which is about 14%. And if you want to beat it, you pick the top seven companies, the Magnificent Seven, you ...
Mill's concept was refined and developed by nineteenth-century economist Henry George in his book Progress and Poverty (1879). [1] George argued that the value of land increased as population growth expanded the division of labor.