Question: make a fact pattern ,Three years ago the CHANCE Corporation (hereinafter CHANCE) bought a thousand acres of land that borders the Potowac River in Washam
make a fact pattern ,Three years ago the CHANCE Corporation (hereinafter CHANCE) bought a thousand acres of land that borders the Potowac River in Washam County. While waiting on development opportunities, CHANCE cut timber to help repay the mortgage loan it took out to buy the land. On March 2, the Washam County Commission proposed an ordinance to establish a 250-foot-wide greenway along the south side of the Potowac that will effectively ban both development and timbering on nearly 80 acres of CHANCEs land. The same day in an unrelated accident a CHANCE truck ran over a hunter who was hunting without permission on the companys land. CHANCE immediately contacted an attorney in Washam City. Question: What are the applicable law(s) that CHANCEs attorneys must be familiar with to advise the corporation of its rights and potential liabilities in this case? the state law.
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