A landman is examining a chain of title and finds an old right-of-way easement granted 'to the XYZ Railroad Company, its successors and assigns, for railroad purposes.' The railroad has since abandoned the line. What is the likely status of the easement?
-
A
It automatically transfers to the adjacent landowner upon abandonment
-
B
It remains valid indefinitely regardless of use
-
C
The easement likely terminated upon abandonment since it was granted for a specific purpose that is no longer being served
-
D
It converts to a fee simple ownership in the railroad's successor