Question 1

Discuss how the process of an item becoming a fixture can interfere with the priority of creditors in secured transactions.

Accepted Answer

A fixture is an item of personal propert

Question 2

An estate in the land describes a person's right to the exclusive possession and use of that land.

Accepted Answer

A) True 
 B)False

Question 3

Jane asked her friend Harry to look after her very valuable Stradivarius violin while she was away on vacation. Which one of the following statements is correct with respect to the legal relationship created?

Accepted Answer

A)  This is an example of a gratuitous bailment for the benefit of the bailee. 
B)  This is an example of a gratuitous bailment for the benefit of the bailor only. 
C)  This is an example of an involuntary bailment. 
D)  Because he is doing his friend a favour, Harry has no legal duty to be careful of the violin. 
E)  Because the violin is a Stradivarius, this is an example of a bailment for value. 
A)  This is an example of a gratuitous bailment for the benefit of the bailee. 
B)  This is an example of a gratuitous bailment for the benefit of the bailor only. 
C)  This is an example of an involuntary bailment. 
D)  Because he is doing his friend a favour, Harry has no legal duty to be careful of the violin. 
E)  Because the violin is a Stradivarius, this is an example of a bailment for value.

Question 4

Define "equity of redemption" and briefly discuss its origin.

Accepted Answer

Although title of a foreclosed property

Question 5

A finder has no obligation to return found goods to the proper owner.

Accepted Answer

A) True 
 B)False

Question 6

Mr. and Mrs. Dunn divorced and Mr. Dunn applied for a division of the matrimonial home in which they were joint tenants. Mr. Dunn died before the matter was settled. In Dunn Estate v. Dunn, the issue was whether the home was part of Mr. Dunn's estate, or whether it passed by survivorship to Mrs. Dunn. What did the court find?

Accepted Answer

A)  The home passed to the wife. A joint tenancy, if properly created, cannot be severed. 
B)  The home was part of the estate. The divorce was enough to sever the tenancy. 
C)  The home was part of the estate. The commencement of a matrimonial property action was enough to sever the tenancy. 
D)  The home passed to the wife. Neither divorce or commencement of a matrimonial property action was enough to sever the tenancy. 
E)  The home was part of the estate. A joint tenancy is instantly severed by the death of either joint tenant. 
A)  The home passed to the wife. A joint tenancy, if properly created, cannot be severed. 
B)  The home was part of the estate. The divorce was enough to sever the tenancy. 
C)  The home was part of the estate. The commencement of a matrimonial property action was enough to sever the tenancy. 
D)  The home passed to the wife. Neither divorce or commencement of a matrimonial property action was enough to sever the tenancy. 
E)  The home was part of the estate. A joint tenancy is instantly severed by the death of either joint tenant.

Question 7

After saving his money for years, Taylor was finally able to buy property with a small house and a lake. Which of the following is false?

Accepted Answer

A)  His ownership extends to include fixtures. 
B)  Taylor owns all of the area above his land and all of the land below. 
C)  Despite the extent of his interest, the Crown can grant the mineral rights to someone else. 
D)  Taylor's interest is referred to as a fee simple. 
E)  He can sell part of his interest and create a joint tenancy. 
A)  His ownership extends to include fixtures. 
B)  Taylor owns all of the area above his land and all of the land below. 
C)  Despite the extent of his interest, the Crown can grant the mineral rights to someone else. 
D)  Taylor's interest is referred to as a fee simple. 
E)  He can sell part of his interest and create a joint tenancy.

Question 8

Which of the following is the correct definition of a chattel?

Accepted Answer

A)  A chattel is a name used to describe the land registration system in place in the Western provinces. 
B)  Chattel is an intangible form of personal property, such as a debt or claim. 
C)  Chattel refers to intellectual property such as patents and copyrights. 
D)  Chattel is the term used to describe tangible personal property or movables. 
E)  The term chattel is the broad term used to describe any kind of property interest. 
A)  A chattel is a name used to describe the land registration system in place in the Western provinces. 
B)  Chattel is an intangible form of personal property, such as a debt or claim. 
C)  Chattel refers to intellectual property such as patents and copyrights. 
D)  Chattel is the term used to describe tangible personal property or movables. 
E)  The term chattel is the broad term used to describe any kind of property interest.

Question 9

Explain the rights of a remainderman in a life estate.

Accepted Answer

When a life estate is granted

Question 10

Term lease describes a period-to-period rental.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements regarding the nature of the landlord-tenant relationship is true?

Accepted Answer

A)  A leasehold is one kind of interest less than an estate. 
B)  A characteristic shared by leaseholds and life estates is that they both grant to the holder the right of exclusive possession. 
C)  An oral lease is never enforceable. 
D)  The term of a lease must be for a definite period of time. 
E)  Leases are only available in residential tenancies. 
A)  A leasehold is one kind of interest less than an estate. 
B)  A characteristic shared by leaseholds and life estates is that they both grant to the holder the right of exclusive possession. 
C)  An oral lease is never enforceable. 
D)  The term of a lease must be for a definite period of time. 
E)  Leases are only available in residential tenancies.

Discuss how the process of an item becoming a fixture can interfere with the priority of creditors in secured transactions.

An estate in the land describes a person's right to the exclusive possession and use of that land.

Jane asked her friend Harry to look after her very valuable Stradivarius violin while she was away on vacation. Which one of the following statements is correct with respect to the legal relationship created?

Define "equity of redemption" and briefly discuss its origin.

A finder has no obligation to return found goods to the proper owner.

After saving his money for years, Taylor was finally able to buy property with a small house and a lake. Which of the following is false?

Which of the following is the correct definition of a chattel?

Explain the rights of a remainderman in a life estate.

Term lease describes a period-to-period rental.

Which of the following statements regarding the nature of the landlord-tenant relationship is true?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: the Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contract: Consensus and Consideration

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Priority of Creditors

Sales and Consumer Protection

Filters

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

Discuss how the process of an item becoming a fixture can interfere with the priority of creditors in secured transactions.

An estate in the land describes a person's right to the exclusive possession and use of that land.

Jane asked her friend Harry to look after her very valuable Stradivarius violin while she was away on vacation. Which one of the following statements is correct with respect to the legal relationship created?

Define "equity of redemption" and briefly discuss its origin.

A finder has no obligation to return found goods to the proper owner.

After saving his money for years, Taylor was finally able to buy property with a small house and a lake. Which of the following is false?

Which of the following is the correct definition of a chattel?

Explain the rights of a remainderman in a life estate.

Term lease describes a period-to-period rental.

Which of the following statements regarding the nature of the landlord-tenant relationship is true?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: the Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contract: Consensus and Consideration

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Priority of Creditors

Sales and Consumer Protection

Filters