Question 1

Ownership rights are transferred by:

Accepted Answer

A) title. 
B) Possession. 
C) deed of trust. 
D) covenant. 
E) novation. 
A) title. 
B) Possession. 
C) deed of trust. 
D) covenant. 
E) novation.

Question 2

Which of the following is commonly known as Superfund?

Accepted Answer

A) The Comprehensive Environmental Response,Compensation,and Liability Act 
B) The Clean Air Act 
C) The Toxic Substances Control Act 
D) The Surface Mining Control and Reclamation Act 
E) The Resource Conservation and Recovery Act 
A) The Comprehensive Environmental Response,Compensation,and Liability Act 
B) The Clean Air Act 
C) The Toxic Substances Control Act 
D) The Surface Mining Control and Reclamation Act 
E) The Resource Conservation and Recovery Act

Question 3

When the state gains ownership of property when there is no owner,such as when a decedent has property but no heirs,it is known as:

Accepted Answer

A) escheat. 
B) devisable. 
C) escrow. 
D) easement. 
E) toll. 
A) escheat. 
B) devisable. 
C) escrow. 
D) easement. 
E) toll.

Question 4

Which of the following is an example of intangible property?

Accepted Answer

A) The right to exclude others from a patented product 
B) Metals such as steel or aluminum 
C) Raw undeveloped land 
D) Furniture 
E) Virtual real properties 
A) The right to exclude others from a patented product 
B) Metals such as steel or aluminum 
C) Raw undeveloped land 
D) Furniture 
E) Virtual real properties

Question 5

Which of the following is one of the elements that must be met to be successful under the doctrine of adverse possession?

Accepted Answer

A) The possessor must be in nominal possession. 
B) The possession must be hostile. 
C) The possession must be anonymous and unspecified. 
D) The possession must be intermittent. 
E) The possessor must acquire permission from the former owner. 
A) The possessor must be in nominal possession. 
B) The possession must be hostile. 
C) The possession must be anonymous and unspecified. 
D) The possession must be intermittent. 
E) The possessor must acquire permission from the former owner.

Question 6

Ownership rights in property are transferred by _____.

Accepted Answer

The answer of Ownership rights in property are transferred by...

Question 7

Discuss abandoned property,lost property,mislaid property,and treasure trove.

Accepted Answer

Property that someone finds can be class

Question 8

Which of the following is true about the riparian water rights doctrine?

Accepted Answer

A) Under this concept,the use of water must be beneficial,but the owner of the right need not be an adjacent landowner. 
B) Landowners in riparian water rights states may have no right whatsoever to use the water that runs through their land. 
C) It is the right of a property owner adjacent to a water source to use the water and a duty to share that waterway with other property owners adjacent to the water. 
D) It is a water allocation system that grants the water rights to the first person who uses the water. 
E) This policy has led to some unnatural uses of land in western states,where water rights are highly valued due to scarcity. 
A) Under this concept,the use of water must be beneficial,but the owner of the right need not be an adjacent landowner. 
B) Landowners in riparian water rights states may have no right whatsoever to use the water that runs through their land. 
C) It is the right of a property owner adjacent to a water source to use the water and a duty to share that waterway with other property owners adjacent to the water. 
D) It is a water allocation system that grants the water rights to the first person who uses the water. 
E) This policy has led to some unnatural uses of land in western states,where water rights are highly valued due to scarcity.

Question 9

Which of the following statements is true of personal property?

Accepted Answer

A) It refers property that is not real property. 
B) It is sometimes called immovable property. 
C) It includes land and buildings. 
D) It is often called realty. 
E) It refers to ownership interests. 
A) It refers property that is not real property. 
B) It is sometimes called immovable property. 
C) It includes land and buildings. 
D) It is often called realty. 
E) It refers to ownership interests.

Question 10

Personal property can be private or public.

Accepted Answer

A) True 
 B)False

Question 11

Property can be classified as real or personal.

Accepted Answer

A) True 
 B)False

Question 12

An)_____ statute is a state statutory scheme that recognizes superior rights in real property to the party who first records the interest in the property.

Accepted Answer

A) UCC 
B) notice 
C) FCPA 
D) long arm 
E) race 
A) UCC 
B) notice 
C) FCPA 
D) long arm 
E) race

Question 13

Bailment is not very common in business.

Accepted Answer

A) True 
 B)False

Question 14

Property refers to tangible and intangible items that can be owned.

Accepted Answer

A) True 
 B)False

Question 15

Buyers typically demand a quitclaim deed when they purchase property.

Accepted Answer

A) True 
 B)False

Question 16

Explain in detail how the possessor can bring a claim to quiet title.

Accepted Answer

To be successful under adverse possessio

Question 17

Define the concepts of property and ownership.

Accepted Answer

The concepts of property and ownership a

Question 18

_____ includes the right of survivorship,but it can only occur between a husband and wife.

Accepted Answer

A) A tenancy by the entirety 
B) A joint tenancy 
C) A tenancy in common 
D) Community property 
E) Quasi-community property 
A) A tenancy by the entirety 
B) A joint tenancy 
C) A tenancy in common 
D) Community property 
E) Quasi-community property

Question 19

An)_____ is a voluntary transfer of property.

Accepted Answer

The answer of An)_____ is a voluntary transfer of property....

Question 20

Anyone who arrives at the invitation of an owner is an invitee.

Accepted Answer

A) True 
 B)False

Ownership rights are transferred by:

Which of the following is commonly known as Superfund?

When the state gains ownership of property when there is no owner,such as when a decedent has property but no heirs,it is known as:

Which of the following is an example of intangible property?

Which of the following is one of the elements that must be met to be successful under the doctrine of adverse possession?

Ownership rights in property are transferred by _____.

Discuss abandoned property,lost property,mislaid property,and treasure trove.

Which of the following is true about the riparian water rights doctrine?

Which of the following statements is true of personal property?

Personal property can be private or public.

Property can be classified as real or personal.

An)_____ statute is a state statutory scheme that recognizes superior rights in real property to the party who first records the interest in the property.

Bailment is not very common in business.

Property refers to tangible and intangible items that can be owned.

Buyers typically demand a quitclaim deed when they purchase property.

Explain in detail how the possessor can bring a claim to quiet title.

Define the concepts of property and ownership.

_____ includes the right of survivorship,but it can only occur between a husband and wife.

An)_____ is a voluntary transfer of property.

Anyone who arrives at the invitation of an owner is an invitee.

Introduction to Law

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

Contracts

Torts

Intellectual Property

Criminal Law

Business Organizations

Employment Discrimination

Business in the Global Legal Environment

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Exam 8: The Property System

Ownership rights are transferred by:

Which of the following is commonly known as Superfund?

When the state gains ownership of property when there is no owner,such as when a decedent has property but no heirs,it is known as:

Which of the following is an example of intangible property?

Which of the following is one of the elements that must be met to be successful under the doctrine of adverse possession?

Ownership rights in property are transferred by _____.

Discuss abandoned property,lost property,mislaid property,and treasure trove.

Which of the following is true about the riparian water rights doctrine?

Which of the following statements is true of personal property?

Personal property can be private or public.

Property can be classified as real or personal.

An)_____ statute is a state statutory scheme that recognizes superior rights in real property to the party who first records the interest in the property.

Bailment is not very common in business.

Property refers to tangible and intangible items that can be owned.

Buyers typically demand a quitclaim deed when they purchase property.

Explain in detail how the possessor can bring a claim to quiet title.

Define the concepts of property and ownership.

_____ includes the right of survivorship,but it can only occur between a husband and wife.

An)_____ is a voluntary transfer of property.

Anyone who arrives at the invitation of an owner is an invitee.

Introduction to Law

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

Contracts

Torts

Intellectual Property

Criminal Law

Business Organizations

Employment Discrimination

Business in the Global Legal Environment

Filters