Exam 8: Real and Personal Property

____ is the tort that occurs when intellectual property, such as copyrights, patents, trade secrets or trademarks, is taken by others without permission.

In Smith v. Kulig, Smith was killed when visiting his friend who rented an apartment from Kulig, when the fire escape at the back of the building collapsed under Smith, the courts held that:

A covenant is:

The person who holds the legal title to a property in a trust is known as the:

Title insurance may not protect against:

The trustee of a property in a trust has a duty to manage the property for the benefit of the:

Anna transfers, to her mother Mildred, the right to use Anna's second home so long as Mildred is alive. This is known as:

A deed is:

When someone has interfered with the right of the owner to exclusive possession and enjoyment of personal property there may be a tort of:

In Smith v. Kulig, Smith was killed when visiting his friend who rented an apartment from Kulig, when the fire escape at the back of the building collapsed under Smith, the courts held that Kulig was not liable because:

Fact Pattern 8-1 Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting any building so that other residents can enjoy the view. -Refer to Fact Pattern 8-1. When Jill buys her beach-front land she also buys the right to exclusive possession of and enjoyment of those 3 acres. What Jill has purchased is:

The ownership of property by two or more persons who have an undivided interest in the property but has no right of survivorship is:

Which of the following is not true with respect to trespass to land?

In Smith v. Kulig, Smith was killed when visiting his friend who rented an apartment from Kulig, when the fire escape at the back of the building collapsed under Smith, the courts held that:

If you rent an apartment, the apartment is known as:

Fact Pattern 8-1 Jill recently inherited money from her old aunt Maude. Jill decided to buy beach-front property in Beaufort, South Carolina. Jill's new property consists of 3 acres of land, with direct access to the ocean. When she bought the land there is no home on it, but she wants to build a beach home in the future. A year after she bought the lovely lot, the city of Beaufort rezones the land, prohibiting any building so that other residents can enjoy the view. -Refer to Fact Pattern 8-1. Grady comes to Jill, after she was purchased the 3 acres of land and asks her if he can fish on her property. Jill tells Grady that she will be happy to allow him to fish on her land whenever he wishes, so long as he pays her $500.00 per year for the right. If Grady agrees and he and Jill write an agreement to this effect, what they have is:

Which of the following is a right normally possessed by the holder of title to property:

According to the Supreme Court, if a government regulation reduces the value of property, it must compensate the landowner for the loss in value if the loss:

A profit is:

In some residential subdivisions, only single-family homes are allowed, and they must be at least 2,000 square feet, brick construction, with no dog houses. These terms are: