Exam 12: Property

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Environmental regulations

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Fungible goods are

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Stocks, bonds, and money are classified as fixtures.

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The lawful exercise of the police power with respect to property includes nuisance.

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A bailment exists when a person

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If someone fails to pay taxes, the government would

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The takings clause is located in the Fifth Amendment to the U.S.Constitution.

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An easement differs from a license in that

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Leonard and Bernard are philatelists.In 1989, they purchased two sets of stamps that by 1996 were worth over $150,000.The brothers believed themselves to be in possession of these stamps until 1996, when they saw an advertisement in a nationally circulated stamp magazine offering them for sale.The brothers brought declaratory judgment and replevin actions against the current possessor, Robert, to recover possession of the stamps.Robert claimed ownership because he found the stamps inside a dresser he had purchased in a used furniture store.Who should the law recognize as having title to the stamps?

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In a joint tenancy, a deceased tenant's rights pass according to the will.

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The Bartons own 10 acres of land.One day they look out of their window and see the state highway department digging up one end of their property.When they speak with the head of the road crew, they learn for the first time that their land has been taken by the state to be used for a new highway, pursuant to a statute that requires only that notice of the take be advertised in a newspaper for ten consecutive days.The Bartons think this is unfair.What is the state required to do when it takes land? What due process rights have been violated, and how?

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Property that has no physical form is

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Which of the following is not a requirement for obtaining title by adverse possession?

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The power of the government to take private property rights, provided that just compensation is provided and due process afforded, is referred to as

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Patents are only granted for inventions that are beneficial.

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A camera is only the subject of tangible property rights.

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A testator is someone who creates a bailment relationship.

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The Bartons own 10 acres of land.One day they look out of their window and see the state highway department digging up one end of their property.When they speak with the head of the road crew, they learn for the first time that their land has been taken by the state to be used for a new highway, pursuant to a statute that requires only that notice of the taking be advertised in a newspaper for 10 consecutive days.The Bartons think that this is unfair, and sue the state.Most likely the Bartons will

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Patents might be granted for

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Aspirin and thermos are examples of

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