Question 1

Keisha's grandfather has created a trust for the benefit of the grandchildren:

Accepted Answer

A)  He may limit access to the funds by requiring that the money only be expended for their education. 
B)  He may extend the terms of the trust into perpetuity. 
C)  He may not protect the money from her creditors since Keisha is a known spendthrift. 
D)  He may not act as co-trustee of the funds himself. 
E)  All of the above. 
A)  He may limit access to the funds by requiring that the money only be expended for their education. 
B)  He may extend the terms of the trust into perpetuity. 
C)  He may not protect the money from her creditors since Keisha is a known spendthrift. 
D)  He may not act as co-trustee of the funds himself. 
E)  All of the above. A

Question 2

Grandpa voluntarily transfers title to his 2011 flaming red Corvette to you. This is known as:

Accepted Answer

A)  Trust. 
B)  Seisin. 
C)  Testamentary transfer. 
D)  Gift. 
E)  Intestate transfer. 
A)  Trust. 
B)  Seisin. 
C)  Testamentary transfer. 
D)  Gift. 
E)  Intestate transfer. D

Question 3

Discuss limitations on ownership interests including, but not limited to, historic preservation, zoning, and eminent domain.

Accepted Answer

Ownership interests are subject to various limitations, including historic preservation, zoning regulations, and eminent domain.

Historic preservation laws restrict the owner's ability to alter or demolish a historic property. These laws aim to protect culturally significant buildings and landmarks, and may require owners to obtain special permits or approvals for any changes to the property.

Zoning regulations also place limitations on ownership interests by dictating how a property can be used and developed. For example, certain areas may be zoned for residential use only, while others may be designated for commercial or industrial purposes. Owners must comply with these regulations when making any changes to their property or when using it for a specific purpose.

Eminent domain is another limitation on ownership interests, which allows the government to take private property for public use, provided that the owner is fairly compensated. This power is typically used for infrastructure projects such as roads, schools, or public utilities.

In addition to these specific limitations, ownership interests are also subject to other legal restrictions such as environmental regulations, building codes, and homeowner association rules. These limitations are in place to ensure that property owners use their land in a way that is consistent with public interest and the well-being of the community. Overall, these limitations serve to balance the rights of property owners with the broader societal interests and values.

Question 4

Trace the historical development of intellectual property.

Accepted Answer

The historical development of intellectu

Question 5

To recoup their costs in the development of plants such as lupinus texensis, AKA the "maroon bluebonnet," and Beta Sweet carrots, AKA the "maroon carrot," scientists and their sponsors usually file:

Accepted Answer

A)  Patents. 
B)  Trademarks. 
C)  Copyrights. 
D)  Restrictive covenants. 
E)  None of the above. 
A)  Patents. 
B)  Trademarks. 
C)  Copyrights. 
D)  Restrictive covenants. 
E)  None of the above.

Question 6

Identify and discuss various methods of inception of titles and liens as well as the characteristics of different types of deeds.

Accepted Answer

Inception of titles and liens can occur

Question 7

Define and discuss easements, licenses, profits, and covenants. Give examples.

Accepted Answer

Easements, licenses, profits, and covena

Question 8

You wish to open a daycare center in your home. This is an area of single-family dwellings, not a commercial area. You must obtain permission from the City because of:

Accepted Answer

A)  Sector planning. 
B)  Zoning. 
C)  Eminent domain. 
D)  Covenants. 
E)  All of the above. 
A)  Sector planning. 
B)  Zoning. 
C)  Eminent domain. 
D)  Covenants. 
E)  All of the above.

Question 9

Community property is property acquired:

Accepted Answer

A)  By inheritance. 
B)  During marriage through earnings of either spouse. 
C)  Before marriage. 
D)  By gift. 
E)  By divorce. 
A)  By inheritance. 
B)  During marriage through earnings of either spouse. 
C)  Before marriage. 
D)  By gift. 
E)  By divorce.

Question 10

Define and distinguish among patents, copyrights, and trademarks and the legal interests protected by each.

Accepted Answer

Patents, copyrights, and trademarks are

Question 11

According to the textbook, which cartoon character prompted the extension of copyright protections in the United States?

Accepted Answer

A)  SpongeBob Square Pants. 
B)  Mickey Mouse. 
C)  Marmaduke. 
D)  Dagwood. 
E)  Daffy Duck. 
A)  SpongeBob Square Pants. 
B)  Mickey Mouse. 
C)  Marmaduke. 
D)  Dagwood. 
E)  Daffy Duck.

Question 12

Which of the following is usually not part of a sale of a residence?

Accepted Answer

A)  Promissory note to the bank. 
B)  Deed of trust recording the creditor's interest. 
C)  Warranty deed. 
D)  Reservation of riparian rights. 
E)  None of the above. 
A)  Promissory note to the bank. 
B)  Deed of trust recording the creditor's interest. 
C)  Warranty deed. 
D)  Reservation of riparian rights. 
E)  None of the above.

Question 13

Which of the following is not correct about a life estate?

Accepted Answer

A)  The life tenant can sell the property without consulting anyone. 
B)  Is created by such language as "To Sue for her lifetime, then to my nieces and nephews." 
C)  The life tenant is entitled to the income and profits. 
D)  The life tenancy may also be created in surviving spouses by statute. 
E)  None of the above. 
A)  The life tenant can sell the property without consulting anyone. 
B)  Is created by such language as "To Sue for her lifetime, then to my nieces and nephews." 
C)  The life tenant is entitled to the income and profits. 
D)  The life tenancy may also be created in surviving spouses by statute. 
E)  None of the above.

Question 14

Santa Fe is noted for the uniformity of its architectural style. This uniformity could be the result of:

Accepted Answer

A)  Easements. 
B)  Restrictive covenants among private parties. 
C)  Zoning by the government. 
D)  A and B. 
E)  B and C. 
A)  Easements. 
B)  Restrictive covenants among private parties. 
C)  Zoning by the government. 
D)  A and B. 
E)  B and C.

Question 15

A written declaration of a person's wishes regarding the distribution of her property after death is:

Accepted Answer

A)  Will. 
B)  Codicil. 
C)  Trust. 
D)  Power of attorney. 
E)  Agency agreement. 
A)  Will. 
B)  Codicil. 
C)  Trust. 
D)  Power of attorney. 
E)  Agency agreement.

Question 16

The system of feudalism is the source of much of today's property law. Discuss feudalism and its remnants in our current jurisprudence.

Accepted Answer

Feudalism was a social and economic syst

Question 17

When a creditor has a legally protected interest in real or tangible property, this is called a:

Accepted Answer

A)  Promissory note. 
B)  Lien. 
C)  Fee simple estate. 
D)  Leasehold estate. 
E)  Corpus. 
A)  Promissory note. 
B)  Lien. 
C)  Fee simple estate. 
D)  Leasehold estate. 
E)  Corpus.

Question 18

The terminology for the right to use another's land is:

Accepted Answer

A)  Easement. 
B)  Covenant. 
C)  Fee simple. 
D)  Eminent domain. 
E)  None of the above. 
A)  Easement. 
B)  Covenant. 
C)  Fee simple. 
D)  Eminent domain. 
E)  None of the above.

Question 19

Which of the following most needs a will?

Accepted Answer

A)  A 25-year-old single parent who is attending college. 
B)  A 40-year-old executive with no family who earns $40,000 a year. 
C)  A 65-year-old retiree whose only asset is a $1,000,000 life insurance policy. 
D)  A 14-year-old who has no assets but plans to set a record by sailing around the world alone. 
E)  None of the above. 
A)  A 25-year-old single parent who is attending college. 
B)  A 40-year-old executive with no family who earns $40,000 a year. 
C)  A 65-year-old retiree whose only asset is a $1,000,000 life insurance policy. 
D)  A 14-year-old who has no assets but plans to set a record by sailing around the world alone. 
E)  None of the above.

Question 20

Distinguish between a freehold and leasehold estate and discuss the attributes of each.

Accepted Answer

A freehold estate and a leasehold estate

Keisha's grandfather has created a trust for the benefit of the grandchildren:

Grandpa voluntarily transfers title to his 2011 flaming red Corvette to you. This is known as:

Discuss limitations on ownership interests including, but not limited to, historic preservation, zoning, and eminent domain.

Trace the historical development of intellectual property.

To recoup their costs in the development of plants such as lupinus texensis, AKA the "maroon bluebonnet," and Beta Sweet carrots, AKA the "maroon carrot," scientists and their sponsors usually file:

Identify and discuss various methods of inception of titles and liens as well as the characteristics of different types of deeds.

Define and discuss easements, licenses, profits, and covenants. Give examples.

You wish to open a daycare center in your home. This is an area of single-family dwellings, not a commercial area. You must obtain permission from the City because of:

Community property is property acquired:

Define and distinguish among patents, copyrights, and trademarks and the legal interests protected by each.

According to the textbook, which cartoon character prompted the extension of copyright protections in the United States?

Which of the following is usually not part of a sale of a residence?

Which of the following is not correct about a life estate?

Santa Fe is noted for the uniformity of its architectural style. This uniformity could be the result of:

A written declaration of a person's wishes regarding the distribution of her property after death is:

The system of feudalism is the source of much of today's property law. Discuss feudalism and its remnants in our current jurisprudence.

When a creditor has a legally protected interest in real or tangible property, this is called a:

The terminology for the right to use another's land is:

Which of the following most needs a will?

Distinguish between a freehold and leasehold estate and discuss the attributes of each.

Introduction

History and the Law

Court Organization

Procedure and Evidence

Limitations

Constitutional Law

Criminal Law

Administrative Law

Environmental Law

Torts

Contracts

Family Law

Conclusion

Filters

Exam 12: Property

Keisha's grandfather has created a trust for the benefit of the grandchildren:

Grandpa voluntarily transfers title to his 2011 flaming red Corvette to you. This is known as:

Discuss limitations on ownership interests including, but not limited to, historic preservation, zoning, and eminent domain.

Trace the historical development of intellectual property.

To recoup their costs in the development of plants such as lupinus texensis, AKA the "maroon bluebonnet," and Beta Sweet carrots, AKA the "maroon carrot," scientists and their sponsors usually file:

Identify and discuss various methods of inception of titles and liens as well as the characteristics of different types of deeds.

Define and discuss easements, licenses, profits, and covenants. Give examples.

You wish to open a daycare center in your home. This is an area of single-family dwellings, not a commercial area. You must obtain permission from the City because of:

Community property is property acquired:

Define and distinguish among patents, copyrights, and trademarks and the legal interests protected by each.

According to the textbook, which cartoon character prompted the extension of copyright protections in the United States?

Which of the following is usually not part of a sale of a residence?

Which of the following is not correct about a life estate?

Santa Fe is noted for the uniformity of its architectural style. This uniformity could be the result of:

A written declaration of a person's wishes regarding the distribution of her property after death is:

The system of feudalism is the source of much of today's property law. Discuss feudalism and its remnants in our current jurisprudence.

When a creditor has a legally protected interest in real or tangible property, this is called a:

The terminology for the right to use another's land is:

Which of the following most needs a will?

Distinguish between a freehold and leasehold estate and discuss the attributes of each.

Introduction

History and the Law

Court Organization

Procedure and Evidence

Limitations

Constitutional Law

Criminal Law

Administrative Law

Environmental Law

Torts

Contracts

Family Law

Conclusion

Filters