Question 1

Property owners have:

Accepted Answer

A) a duty to inspect premises for dangers and correct the problem or warn invitees of the dangers 
B) no duty to inspect premises for dangers and correct the problem or warn invitees of the dangers 
C) a duty to warn only minors of dangers on the property 
D) a duty to allow anyone and everyone onto the property 
E) a duty to post safety guards on the property 
A) a duty to inspect premises for dangers and correct the problem or warn invitees of the dangers 
B) no duty to inspect premises for dangers and correct the problem or warn invitees of the dangers 
C) a duty to warn only minors of dangers on the property 
D) a duty to allow anyone and everyone onto the property 
E) a duty to post safety guards on the property

Question 2

A profit is:

Accepted Answer

A) the right to remove valuable things from one's estate 
B) the right to go on to an estate 
C) the right to sell an estate 
D) the right to buy an estate 
E) the right of first refusal when an estate is sold 
A) the right to remove valuable things from one's estate 
B) the right to go on to an estate 
C) the right to sell an estate 
D) the right to buy an estate 
E) the right of first refusal when an estate is sold

Question 3

In Powell v.Washburn the Arizona high court held for covenants to be changed in a planned community,a majority of the property owners must approve the new terms.

Accepted Answer

A) True 
 B)False

Question 4

Your neighbor plays poker at all hours of the night,which is immoral.You have a suit against him for private nuisance.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) there is an unauthorized intrusion on someone else's land 
B) land owners have a right to peaceful enjoyment 
C) the land owner must demonstrate physical injury to the land 
D) an airplane flying over land at a reasonable altitude is not trespassing 
E) all of the other choices are true 
A) there is an unauthorized intrusion on someone else's land 
B) land owners have a right to peaceful enjoyment 
C) the land owner must demonstrate physical injury to the land 
D) an airplane flying over land at a reasonable altitude is not trespassing 
E) all of the other choices are true

Question 6

A public nuisance involves an unreasonable interference with a right held by:

Accepted Answer

A) the attorney general 
B) the general public 
C) public utility companies 
D) persons attending public functions 
E) U.S.citizens only 
A) the attorney general 
B) the general public 
C) public utility companies 
D) persons attending public functions 
E) U.S.citizens only

Question 7

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 8

A tenancy refers to possession of land.

Accepted Answer

A) True 
 B)False

Question 9

Chattel is the traditional term for:

Accepted Answer

A) personal property 
B) real property 
C) false property 
D) livestock 
E) patents 
A) personal property 
B) real property 
C) false property 
D) livestock 
E) patents

Question 10

Property law in the United States has developed from:

Accepted Answer

A) the Norman law of the fifth century 
B) the Roman Justinian Code 
C) the Jus Civile 
D) English common law from centuries ago 
E) the Jus Gentium 
A) the Norman law of the fifth century 
B) the Roman Justinian Code 
C) the Jus Civile 
D) English common law from centuries ago 
E) the Jus Gentium

Question 11

Landlords have the right to enter rented property at any time (during the day)to inspect their property.

Accepted Answer

A) True 
 B)False

Question 12

Fee simple is:

Accepted Answer

A) the most common form of real property ownership 
B) the least common form of real property ownership 
C) the most least form of private property ownership 
D) the most controversial type of real property ownership 
E) none of the other choices are correct 
A) the most common form of real property ownership 
B) the least common form of real property ownership 
C) the most least form of private property ownership 
D) the most controversial type of real property ownership 
E) none of the other choices are correct

Question 13

When a local government regulates the way in which homeowners may use their land,this is an exercise of the government's:

Accepted Answer

A) fiduciary powers 
B) obligatory powers 
C) derivative powers 
D) olfactory powers 
E) none of the other choices 
A) fiduciary powers 
B) obligatory powers 
C) derivative powers 
D) olfactory powers 
E) none of the other choices

Question 14

A tenancy in common is an undivided interest in property that passes to the heirs of each owner on death.

Accepted Answer

A) True 
 B)False

Question 15

A clear title means that:

Accepted Answer

A) a third party may claim valid ownership of the property 
B) only the government may claim valid ownership of the property 
C) there are no taxes due on the property 
D) no other person can claim valid ownership of the property 
E) none of the other choices are correct 
A) a third party may claim valid ownership of the property 
B) only the government may claim valid ownership of the property 
C) there are no taxes due on the property 
D) no other person can claim valid ownership of the property 
E) none of the other choices are correct

Question 16

A tenancy in common is one in which:

Accepted Answer

A) two or more persons have equal interests in the property with rights of joint survivorship 
B) two or more persons have equal interests in the property with no right of survivorship 
C) one person owns all the interests in the property,but two people will inherit equal shares when the current tenant dies 
D) one person owns all the interests in the property and the government will inherit it when the current tenant dies 
E) none of the other choices are correct 
A) two or more persons have equal interests in the property with rights of joint survivorship 
B) two or more persons have equal interests in the property with no right of survivorship 
C) one person owns all the interests in the property,but two people will inherit equal shares when the current tenant dies 
D) one person owns all the interests in the property and the government will inherit it when the current tenant dies 
E) none of the other choices are correct

Question 17

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 18

A joint tenancy is a form of ownership in which the ownership rights pass on death to the other owner.

Accepted Answer

A) True 
 B)False

Question 19

Servitudes "attach" to property.

Accepted Answer

A) True 
 B)False

Question 20

Torts against property:

Accepted Answer

A) cannot be intentional torts;that category of torts only applied to torts against persons 
B) can be torts,but only if there is also an intentional tort inflicted against a personal interest that is protected by tort law 
C) can be intentional torts,but only if there is also an intentional tort inflicted against a personal interest that is protected by tort law 
D) are all categorized as negligent torts,regardless of other torts against persons 
E) none of the other choices 
A) cannot be intentional torts;that category of torts only applied to torts against persons 
B) can be torts,but only if there is also an intentional tort inflicted against a personal interest that is protected by tort law 
C) can be intentional torts,but only if there is also an intentional tort inflicted against a personal interest that is protected by tort law 
D) are all categorized as negligent torts,regardless of other torts against persons 
E) none of the other choices

Exam 8: Real and Personal Property

Property owners have:

A profit is:

In Powell v.Washburn the Arizona high court held for covenants to be changed in a planned community,a majority of the property owners must approve the new terms.

Your neighbor plays poker at all hours of the night,which is immoral.You have a suit against him for private nuisance.

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

A public nuisance involves an unreasonable interference with a right held by:

A hostile user is someone who:

A tenancy refers to possession of land.

Chattel is the traditional term for:

Property law in the United States has developed from:

Landlords have the right to enter rented property at any time (during the day)to inspect their property.

Fee simple is:

When a local government regulates the way in which homeowners may use their land,this is an exercise of the government's:

A tenancy in common is an undivided interest in property that passes to the heirs of each owner on death.

A clear title means that:

A tenancy in common is one in which:

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

A joint tenancy is a form of ownership in which the ownership rights pass on death to the other owner.

Servitudes "attach" to property.

Torts against property:

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

Negotiable Instruments, credit, and Bankruptcy

Business Organizations

Agency and the Employment Relationship

The Regulatory Process

Employment and Labor Regulations

Employment Discrimination

Environmental Law

Consumer Protection

Antitrust Law

Securities Regulation

The International Legal Environment of Business

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