Question 1

What basic terms might a lender typically included in a mortgage agreement?

Accepted Answer

• amount of the loan (known as the princ

Question 2

How many years back will a title search in a registry system normally extend?

Accepted Answer

A)  100 years 
B)  40 years 
C)  25 years 
D)  10 years 
A)  100 years 
B)  40 years 
C)  25 years 
D)  10 years

Question 3

Which of the following is synonymous with equity of redemption with respect to real property law?

Accepted Answer

A)  the right to have legal ownership restored upon the repayment of the mortgage 
B)  damages based on the value of the property on the date of equity redemption 
C)  the right of owners to exclusively control land during the term of a lease 
D)  damages substituted for the court's decree of a right to equity redemption 
A)  the right to have legal ownership restored upon the repayment of the mortgage 
B)  damages based on the value of the property on the date of equity redemption 
C)  the right of owners to exclusively control land during the term of a lease 
D)  damages substituted for the court's decree of a right to equity redemption

Question 4

Graham has granted a cellphone company permission to erect a transmission tower on his property.What type of right has Graham granted?

Accepted Answer

A)  a restrictive covenant 
B)  a lease 
C)  an easement 
D)  joint tenancy 
A)  a restrictive covenant 
B)  a lease 
C)  an easement 
D)  joint tenancy

Question 5

Drew meets with Sherry to have a second look at an apartment block his corporation may be interested in purchasing.Why might Drew call an appraiser when he returns to the office?

Accepted Answer

A)  to get a report on the structural integrity of the building 
B)  to get a formal valuation based on the structure and market 
C)  to determine the physical boundaries and the building's location 
D)  to check for environmental hazards 
A)  to get a report on the structural integrity of the building 
B)  to get a formal valuation based on the structure and market 
C)  to determine the physical boundaries and the building's location 
D)  to check for environmental hazards

Question 6

The legal right to drive across someone's land would typically be achieved through a restrictive covenant.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is "tenant" synonymous with in the realm of real property law?

Accepted Answer

A)  an individual who leases space rather than having outright ownership 
B)  a contract allowing owners to deal with their respective interests 
C)  an owner of any form of right or title in land 
D)  a contract limiting ownership by division in time 
A)  an individual who leases space rather than having outright ownership 
B)  a contract allowing owners to deal with their respective interests 
C)  an owner of any form of right or title in land 
D)  a contract limiting ownership by division in time

Question 8

Isabella and Martina are joint tenants of a commercial warehouse.What would happen if either Isabella or Martina were to die?

Accepted Answer

A)  The property would be subdivided,and each half interest would be sold by auction. 
B)  The survivor would have the right to buy out the deceased owner's interest. 
C)  Each interest is subject to a right of survivorship,and the rights of the deceased owner would pass to the surviving owner. 
D)  The rights of the deceased owner would be inherited by the deceased's heirs. 
A)  The property would be subdivided,and each half interest would be sold by auction. 
B)  The survivor would have the right to buy out the deceased owner's interest. 
C)  Each interest is subject to a right of survivorship,and the rights of the deceased owner would pass to the surviving owner. 
D)  The rights of the deceased owner would be inherited by the deceased's heirs.

Question 9

Identify the key features of the registry system.

Accepted Answer

In the registry system,the government pr

Question 10

One of the factors that distinguishes registration in a land titles system from registration in the registry system is that the sequence of registration is unimportant in a land titles system.

Accepted Answer

A) True 
 B)False

What basic terms might a lender typically included in a mortgage agreement?

How many years back will a title search in a registry system normally extend?

Which of the following is synonymous with equity of redemption with respect to real property law?

Graham has granted a cellphone company permission to erect a transmission tower on his property.What type of right has Graham granted?

Drew meets with Sherry to have a second look at an apartment block his corporation may be interested in purchasing.Why might Drew call an appraiser when he returns to the office?

The legal right to drive across someone's land would typically be achieved through a restrictive covenant.

Which of the following is "tenant" synonymous with in the realm of real property law?

Isabella and Martina are joint tenants of a commercial warehouse.What would happen if either Isabella or Martina were to die?

Identify the key features of the registry system.

One of the factors that distinguishes registration in a land titles system from registration in the registry system is that the sequence of registration is unimportant in a land titles system.

Knowledge of Law As a Business Asset

The Canadian Legal System

Managing Legal Risks

Dispute Resolution

An Introduction to Contracts

Forming Contractual Relationships

The Terms of a Contract

Non-Enforcement of Contracts

Termination and Enforcement of Contracts

Introduction to Tort Law

The Tort of Negligence

Other Torts

The Agency Relationship

Business Forms and Arrangements

The Corporate Form: Organizational Matters

The Corporate Form: Operational Matters

Introduction to Property Law

Intellectual Property

The Employment Relationship

Terminating the Employment Relationship

Professional Services

The Sale of Goods

Consumer Protection and Competition Law

Business and Banking

The Legal Aspects of Credit

Bankruptcy and Insolvency

Insurance

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Exam 19: Real Property

What basic terms might a lender typically included in a mortgage agreement?

How many years back will a title search in a registry system normally extend?

Which of the following is synonymous with equity of redemption with respect to real property law?

Graham has granted a cellphone company permission to erect a transmission tower on his property.What type of right has Graham granted?

Drew meets with Sherry to have a second look at an apartment block his corporation may be interested in purchasing.Why might Drew call an appraiser when he returns to the office?

The legal right to drive across someone's land would typically be achieved through a restrictive covenant.

Which of the following is "tenant" synonymous with in the realm of real property law?

Isabella and Martina are joint tenants of a commercial warehouse.What would happen if either Isabella or Martina were to die?

Identify the key features of the registry system.

One of the factors that distinguishes registration in a land titles system from registration in the registry system is that the sequence of registration is unimportant in a land titles system.

Knowledge of Law As a Business Asset

The Canadian Legal System

Managing Legal Risks

Dispute Resolution

An Introduction to Contracts

Forming Contractual Relationships

The Terms of a Contract

Non-Enforcement of Contracts

Termination and Enforcement of Contracts

Introduction to Tort Law

The Tort of Negligence

Other Torts

The Agency Relationship

Business Forms and Arrangements

The Corporate Form: Organizational Matters

The Corporate Form: Operational Matters

Introduction to Property Law

Intellectual Property

The Employment Relationship

Terminating the Employment Relationship

Professional Services

The Sale of Goods

Consumer Protection and Competition Law

Business and Banking

The Legal Aspects of Credit

Bankruptcy and Insolvency

Insurance

Filters