Question 1

Match the following:
-eminent domain

Accepted Answer

A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right. 
A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right.

Question 2

Match the following:
-codicil

Accepted Answer

A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right. 
A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right.

Question 3

Match the following:
-fee simple

Accepted Answer

A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right. 
A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right.

Question 4

Match the following:
-probate

Accepted Answer

A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right. 
A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right.

Question 5

Match the following:
-bill of lading

Accepted Answer

A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right. 
A) Interest in land created by a written document that provides security for payment of the debt. 
B) An interest that is legally protected. 
C) Identical goods belonging to different people are so commingled (mixed) that the owners cannot identify their own property. 
D) Document issued by a carrier to a shipper as a receipt, evidence of the carriage contract, and a document of title. 
E) The temporary transfer of possession of personal property by one party to another.
F)A security interest by possession.
G)Absolute ownership of real property.
H)An addition to or revision of a will executed with all the formalities of a will.
I)Co-ownership with the right of survivorship.
J)The right to remove natural resources from the land of another.
K)Permission to use land of another.
L)Ownership of real property for an indefinite time or for the life of a person.
M)The principal method of public control over private land use.
N)A formal document transferring an interest in land.
O)The acquisition of title to land by open, continuous, and adverse occupancy for a statutorily prescribed period.
P)The power of a government to take (buy) private land for public use.
Q)Private restriction on property contained in a conveyance.
R)The transfer of legal title to property to one party for the use, enjoyment, and benefit of another.
S)A written instrument executed with the formalities required by statute whereby a person makes a disposition of his property to take effect after his death.
T)The court's supervision of the management and distribution of a decedent's estate.
U)The person named in the will and appointed by the court to administer the will.
V)A contractual arrangement that distributes risk of loss among a large number of members.
W)Transporter that offers its services and facilities to the public for remuneration.
X)The failure of an applicant for an insurance to disclose material facts that the insurer does not know.
Y)Intentional relinquishment of a known right.

Exam 60: Property

Match the following: -eminent domain

Match the following: -codicil

Match the following: -fee simple

Match the following: -probate

Match the following: -bill of lading

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Filters