Exam 8: Real and Personal Property
Exam 1: Todays Business Environment: Law and Ethics327 Questions
Exam 2: The Court Systems431 Questions
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Exam 4: The Constitution: Focus on Application to Business445 Questions
Exam 5: Criminal Law and Business321 Questions
Exam 6: Elements of Torts465 Questions
Exam 7: Business Torts and Product Liability361 Questions
Exam 8: Real and Personal Property287 Questions
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Exam 10: Contracts584 Questions
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Exam 12: Business Organizations459 Questions
Exam 13: Negotiable Instruments, Credit, and Bankruptcy535 Questions
Exam 14: Agency and the Employment Relationship416 Questions
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Exam 20: Antitrust Law439 Questions
Exam 21: Environmental Law498 Questions
Exam 22: The International Legal Environment of Business338 Questions
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To enforce the provisions of a lease, most courts prefer a lease to include:
(Multiple Choice)
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Intentional interference against property does not include which tort:
(Multiple Choice)
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In Moran v. Sims, where the house Sims built was surrounded by land owned by Moran, and Sims sued for the right of access to his house, the courts held that Sims had a prescriptive easement. That is a form of:
(Multiple Choice)
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The most common form of real property ownership that gives exclusive possession to a particular piece of land for an indefinite time is:
(Multiple Choice)
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A deed in which the seller or grantor warrants that the property is free of any liens or encumbrances unless they are revealed in the title is a(n):
(Multiple Choice)
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If there are "defects" found in a title during a title search the title is said to be:
(Multiple Choice)
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The right of possession of the property and the right to exclude others from the use of the property are two examples of rights normally possessed by:
(Multiple Choice)
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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. If, as a result of its new ordinance, the city of Beaufort causes Jill's property to be worth $1.1 million instead of the $1.5 million she paid for it:
(Multiple Choice)
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If there are "defects" found in a title during a title search the title is said to be:
(Multiple Choice)
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A landlord rented space to a furniture store and promised a good business environment. The landlord rented the next space to an exercise studio. The studio was very noisy causing the furniture store to lose business. The store owner complained to the landlord, who did nothing. The store owner broke the lease before it was up and was sued by the landlord. The court would be likely to hold that:
(Multiple Choice)
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In Thayer v. Hollinger, Hollinger owned land next to lakeshore lots that he developed. He shared a common road with the lakeshore lot owners who used trails on his property that were accessed from the road. Hollinger claimed he could block use of the trails. The lot owners claimed an easement to use the trails. The courts held that:
(Multiple Choice)
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Which of the following is not a condition needed to establish adverse possession:
(Multiple Choice)
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____ are often used in place of a partnership or corporation.
(Multiple Choice)
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The person who holds the legal title to a property in a trust is known as the:
(Multiple Choice)
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One who possesses lands by any right or title is referred to as a:
(Multiple Choice)
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A covenant that is attached to all houses in a neighborhood built in the 1950s states that the houses may not be sold to "members of any minority race." This covenant is:
(Multiple Choice)
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In Sowers v. Forest Hills Subdivision, Sowers wanted to build a wind turbine to generate electricity. His neighbors opposed the construction and took Sowers to court. The courts held that:
(Multiple Choice)
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