Exam 14: Real and Personal Property and Protection of the Environment

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A periodic tenancy means

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In 2015, Jonah sold a building to his two married sons: Bert and Charles. In 2016, Charles was thinking of severing the joint tenancy, but before anything was said or done, Charles and Bert both drowned in a boating accident. Charles died immediately, but Bert died two months later, never having regained consciousness. Charles had willed his interest in the property to his wife and Bert had willed his to his son. On these facts, which of the following is true?

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Historically, the mortgage transaction involved the mortgagee transferring title to the property to the mortgagor as security for the loan.

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Most people understand that a mortgage involves the ________ borrowing money and giving the creditor a claim against their property (land and buildings) as added security in the event of a default.

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When a person has the right to go across land to get to another location, this is referred to as ________.

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Which one the following is true with regard to real-property law?

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Harry's lawn mower ceased to work, so in order to get the lawn mowed, he borrowed his neighbour's lawnmower. Which one of the following is correct with respect to Harry's responsibility in relation to the lawn mower?

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The only person who has a better claim than the finder on goods that are found is the original owner.

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Which of the following statements is correct with respect to the creation of a bailment?

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A distinction between real property and personal property is that one cannot be moved while the other can.

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"When a tenant has signed a two-year lease and then for some reason finds himself in the position where he has to leave, the landlord has an obligation to try to rent out the premises to someone else." Explain the accuracy of that statement.

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If a person wanted to build a log cabin in a new subdivision, what might prevent him from doing so?

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Explain what is meant by a tenancy at sufferance.

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In a three-year commercial lease, the tenant must give the landlord two months' notice upon leaving.

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Distinguish between an easement and a right of way.

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A joint tenancy can be changed to a tenancy in common in a will.

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Which of the following is false with regard to the law of landlord and tenant, lessor and lessee?

(Multiple Choice)
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Zack, Virgil, and Craig have been friends for several years and are all worried about the alarming rise in land prices. They want to go in together and buy a four-acre parcel of land in the country. There is a small cabin on it. They hope that the land value will appreciate, and they want to sell it in a few years to help finance a house of their own. Read each of the following separately and indicate which is true with regard to their ownership of this property.

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Discuss which economic growth and industry activities have prompted all three levels of government to exercise their legislative authority to protect the environment.

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Distinguish between real property and other forms of property.

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