Question 1

A burden on another person's estate is a(n):

Accepted Answer

A)  easement 
B)  profit 
C)  possession 
D)  life estate 
E)  fee absolute 
A)  easement 
B)  profit 
C)  possession 
D)  life estate 
E)  fee absolute

Question 2

Subsurface mineral rights:

Accepted Answer

A)  must transfer in fee simple with deeds to land 
B)  must transfer in fee simple with title to land 
C)  are owned by the government 
D)  are owned by the people in common 
E)  none of the other choices 
A)  must transfer in fee simple with deeds to land 
B)  must transfer in fee simple with title to land 
C)  are owned by the government 
D)  are owned by the people in common 
E)  none of the other choices

Question 3

Title insurance:

Accepted Answer

A)  does not bind the title company to insure that the title is as declared in the conveyance from the grantor to the grantee 
B)  binds the title company to insure that the title is as declared in the conveyance from the grantor to the grantee 
C)  binds the seller to the agreed to price of the property 
D)  prevents the buyer from changing the terms of the transaction at the last minute 
E)  none of the other choices are correct 
A)  does not bind the title company to insure that the title is as declared in the conveyance from the grantor to the grantee 
B)  binds the title company to insure that the title is as declared in the conveyance from the grantor to the grantee 
C)  binds the seller to the agreed to price of the property 
D)  prevents the buyer from changing the terms of the transaction at the last minute 
E)  none of the other choices are correct

Question 4

Troupe was shopping at a Burlington Coat Factory store when she slipped and fell on a berry, causing injuries. She sued the store for negligence for failure to keep the floor clean of spills and objects that might cause patrons to fall. The appeals court held that Troupe:

Accepted Answer

A)  did not show that there was notice of a dangerous condition before her fall so the store was not liable. 
B)  failed to show that the berry existed; without such evidence the store was not liable. 
C)  could collect compensatory damages for her injury as the store had a duty to make the premises safe, but she could not recover punitive damages as there was no evidence of willful misconduct by the store. 
D)  could collect compensatory damages for her injury as the store had a duty to make the premises safe; she could also recover punitive damages as there was evidence of numerous instances of unsafe conditions in the store. 
E)  none of the other choices are correct. 
A)  did not show that there was notice of a dangerous condition before her fall so the store was not liable. 
B)  failed to show that the berry existed; without such evidence the store was not liable. 
C)  could collect compensatory damages for her injury as the store had a duty to make the premises safe, but she could not recover punitive damages as there was no evidence of willful misconduct by the store. 
D)  could collect compensatory damages for her injury as the store had a duty to make the premises safe; she could also recover punitive damages as there was evidence of numerous instances of unsafe conditions in the store. 
E)  none of the other choices are correct.

Question 5

A hostile user is someone who:

Accepted Answer

A)  has government-given rights to occupy or use the private estate of another person 
B)  has limited rights to occupy or use an estate 
C)  has unlimited rights to occupy or use an estate, but exercises his rights in an antagonistic way 
D)  was granted rights to use an estate by a previous estate owner 
E)  none of the other choices are correct 
A)  has government-given rights to occupy or use the private estate of another person 
B)  has limited rights to occupy or use an estate 
C)  has unlimited rights to occupy or use an estate, but exercises his rights in an antagonistic way 
D)  was granted rights to use an estate by a previous estate owner 
E)  none of the other choices are correct

Question 6

A title could be "clouded" by which of the following:

Accepted Answer

A)  a boundary dispute with a neighbor 
B)  tax liens placed against the property 
C)  liens imposed for work done on the property 
D)  uncertain claims of ownership by heirs to the property 
E)  all of the other specific choices are correct 
A)  a boundary dispute with a neighbor 
B)  tax liens placed against the property 
C)  liens imposed for work done on the property 
D)  uncertain claims of ownership by heirs to the property 
E)  all of the other specific choices are correct

Question 7

The person who can make all decisions with respect to a property in a trust is known as the:

Accepted Answer

A)  leader 
B)  executive 
C)  magnate 
D)  beneficiary 
E)  none of the other choices are correct 
A)  leader 
B)  executive 
C)  magnate 
D)  beneficiary 
E)  none of the other choices are correct

A burden on another person's estate is a(n):

Subsurface mineral rights:

Title insurance:

Troupe was shopping at a Burlington Coat Factory store when she slipped and fell on a berry, causing injuries. She sued the store for negligence for failure to keep the floor clean of spills and objects that might cause patrons to fall. The appeals court held that Troupe:

A hostile user is someone who:

A title could be "clouded" by which of the following:

The person who can make all decisions with respect to a property in a trust is known as the:

Todays Business Environment: Law and Ethics

The Court Systems

Trials and Resolving Disputes

The Constitution: Focus on Application to Business

Criminal Law and Business

Elements of Torts

Business Torts and Product Liability

Intellectual Property

Contracts

Domestic and International Sales

Business Organizations

Negotiable Instruments, Credit, and Bankruptcy

Agency and the Employment Relationship

Employment and Labor Regulations

Employment Discrimination

The Regulatory Process

Securities Regulation

Consumer Protection

Antitrust Law

Environmental Law

The International Legal Environment of Business

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Exam 8: Real and Personal Property

A burden on another person's estate is a(n):

Subsurface mineral rights:

Title insurance:

Troupe was shopping at a Burlington Coat Factory store when she slipped and fell on a berry, causing injuries. She sued the store for negligence for failure to keep the floor clean of spills and objects that might cause patrons to fall. The appeals court held that Troupe:

A hostile user is someone who:

A title could be "clouded" by which of the following:

The person who can make all decisions with respect to a property in a trust is known as the:

Todays Business Environment: Law and Ethics

The Court Systems

Trials and Resolving Disputes

The Constitution: Focus on Application to Business

Criminal Law and Business

Elements of Torts

Business Torts and Product Liability

Intellectual Property

Contracts

Domestic and International Sales

Business Organizations

Negotiable Instruments, Credit, and Bankruptcy

Agency and the Employment Relationship

Employment and Labor Regulations

Employment Discrimination

The Regulatory Process

Securities Regulation

Consumer Protection

Antitrust Law

Environmental Law

The International Legal Environment of Business

Filters