Exam 15: Real Estate and Insurance Law

With respect to a landlord evicting a commercial tenant for breach of a term of the lease other than one involving rent which of the following statements is TRUE?

Which of the following formalities must a landlord observe before being able to evict a tenant for non-payment of rent?

With respect to a landlord's right to terminate a commercial lease, which of the following statements is TRUE? The landlord

A company can take out a life insurance policy on senior executives as well as kidnap and ransom insurance.

Fidelity insurance or a fidelity bond is insurance against losses caused by a company's own employees such as fraud or theft.

Successive purchasers of land will not be bound by a restrictive covenant endorsed on the title.

A tenant can lawfully withhold rent as compensation for a landlord's breach of a term of the lease.

The management of Wallpaper International Limited is concerned about losses that have been occurring as result of theft and other acts of dishonesty committed by employees. To protect itself against this type or risk, which of the following types of insurance should the management be advised to get?

What is the importance of registering a deed?

Which of the following statements is FALSE? When purchasing a condominium a buyer should make sure they are aware of

Errors and omissions insurance is a type of products liability insurance that manufacturers of consumer goods purchase.

An easement is a right that one landowner has over land belonging to another

Which of the following will NOT determine a person's credit worthiness to obtain a mortgage?

George Burton owned two lots, A and B. Lot A he owned as tenants in common with his wife, Agnes, and Lot B they owned in joint tenancy. George signed an instrument allowing his son, Edward, to use Lot A for the rest of his (Edward's)life. George left his interest in Lot B to his other son, Cedric, in his will. Which of the following is TRUE?

Janet and Tom were married in 2000. At the time they were married Tom owned a house himself in Ottawa that was worth $300,000 and it had no mortgage. The couple moved into the house and lived together there until 2015 when they decided to divorce. At the time of the divorce the house was then worth $500,000. As a result which of the following statements is TRUE?

Olga owns a condominium and has two large dogs that bark constantly and she lets run wild in the garden and patio areas of the condo which disturbs the other residents. She also has two teenage boys who are very rude and obnoxious and play loud music on their deck and get drunk and wake up the other condo owners at night frequently. As a result which of the following statements is FALSE?

Which of the following statements is TRUE?

What is the legal name for the process of taking the goods of a tenant is satisfy rent arrears?

Coverage terms in insurance policies will be interpreted broadly and exclusions narrowly.

What is another name for "professional liability insurance?"