Question 1

Distinguish a condominium from a cooperative in terms of ownership.

Accepted Answer

Condominium owners have a fee simple int

Question 2

Discuss the principle of the equity of redemption as developed by the Court of Chancery, and indicate its importance in the field of mortgage law today.

Accepted Answer

The whole nature of a mortgage transacti

Question 3

If a person wanted to build a log cabin in a new subdivision.what might prevent him or her from doing so?

Accepted Answer

A) Restrictive covenant 
B) Federal statute 
C) Prescription 
D) Easement 
E) Strata regulations 
A) Restrictive covenant 
B) Federal statute 
C) Prescription 
D) Easement 
E) Strata regulations

Question 4

If Sam buys the fee simple, which of the following is true with regard to his rights?

Accepted Answer

A) In law, Sam is entitled only to the surface of his property within the boundaries, and not to things attached to the land, such as fences and barns. 
B) Sam would have a right to under-surface property that can be used, but under-surface mineral rights and oil and gas rights would be retained by the Crown. 
C) The maxim "to whomsoever the soil belongs, he owns also to the sky" remains unchanged and is as valid today as ever. 
D) If someone intrudes on his property, the proper cause of action is to sue for the tort of public nuisance. 
E) If fumes from the neighbouring processing plant kill Sam's bushes and vegetables, he may be able to sue the neighbour for the tort of trespass. 
A) In law, Sam is entitled only to the surface of his property within the boundaries, and not to things attached to the land, such as fences and barns. 
B) Sam would have a right to under-surface property that can be used, but under-surface mineral rights and oil and gas rights would be retained by the Crown. 
C) The maxim "to whomsoever the soil belongs, he owns also to the sky" remains unchanged and is as valid today as ever. 
D) If someone intrudes on his property, the proper cause of action is to sue for the tort of public nuisance. 
E) If fumes from the neighbouring processing plant kill Sam's bushes and vegetables, he may be able to sue the neighbour for the tort of trespass.

Question 5

About 10 years into their marriage, Eric and Bev had saved enough money to buy an investment property.First they bought a duplex, which they held as joint tenants, and later they bought a building lot in Surrey, which they held as tenants-in-common.Eric's will provided that his interest in the duplex would go to their daughter, Lisa, and that his interest in the Surrey lot would go to their son, Max.Indicate the statement that accurately describes who will take what upon Eric's death.

Accepted Answer

A) Lisa will get his interest in the duplex and Max will get the interest in the Surrey lot, just as the will states. 
B) Bev will get Eric's interest in the duplex but Max will take Eric's interest in the Surrey lot. 
C) Bev will get Eric's interest in the Surrey lot but Lisa will get his interest in the duplex. 
D) Bev will get both properties because she and Eric co-owned both. 
E) As the oldest son, Max will get Eric's interest in both properties. 
A) Lisa will get his interest in the duplex and Max will get the interest in the Surrey lot, just as the will states. 
B) Bev will get Eric's interest in the duplex but Max will take Eric's interest in the Surrey lot. 
C) Bev will get Eric's interest in the Surrey lot but Lisa will get his interest in the duplex. 
D) Bev will get both properties because she and Eric co-owned both. 
E) As the oldest son, Max will get Eric's interest in both properties.

Question 6

The power to foreclose creates risk for the second mortgagee.

Accepted Answer

A) True 
 B)False

Question 7

What is a fidelity bond?

Accepted Answer

Wilful and wrongful actions of a company

Question 8

Harry's lawn mower ceased to work, and in order to get the lawn mowed, he borrowed his neighbour's lawn mower.Which one of the following is correct with respect to Harry's responsibility in relation to that lawn mower?

Accepted Answer

A) Because the lawn mower is valuable, this is an example of a bailment for value. 
B) This is a voluntary bailment and, as such, Harry has no legal obligation to look after the lawn mower. 
C) This is a voluntary bailment for Harry's benefit and, as such, Harry has a duty to be reasonably careful that no harm or accident comes to that lawn mower. 
D) Because Harry has borrowed the lawn mower, he is obligated to return it in the condition it was given and is liable for any damage or loss no matter what the reason. 
E) If, when Harry asked his neighbour to borrow the lawn mower, the neighbour was reluctant to loan it to Harry but did so anyway, this is an example of an involuntary bailment. 
A) Because the lawn mower is valuable, this is an example of a bailment for value. 
B) This is a voluntary bailment and, as such, Harry has no legal obligation to look after the lawn mower. 
C) This is a voluntary bailment for Harry's benefit and, as such, Harry has a duty to be reasonably careful that no harm or accident comes to that lawn mower. 
D) Because Harry has borrowed the lawn mower, he is obligated to return it in the condition it was given and is liable for any damage or loss no matter what the reason. 
E) If, when Harry asked his neighbour to borrow the lawn mower, the neighbour was reluctant to loan it to Harry but did so anyway, this is an example of an involuntary bailment.

Question 9

If a sign in the cloakroom of a restaurant hall warned "not responsible for lost or stolen goods" and the restaurant burned to the ground and all guests' coats and hats are destroyed, the court would likely determine that the restaurant had no responsibility, as the guests' property was lost in the fire and the exculpatory clause would protect the hall.

Accepted Answer

A) True 
 B)False

Question 10

When a landlord seizes the tenant's property for failure to pay rent, this is called what?

Accepted Answer

The answer of When a landlord seizes the tenant's property...

Question 11

Which one the following is true with regard to real property law?

Accepted Answer

A) Property includes only the land and not the buildings attached to it. 
B) A legal, registered restrictive covenant that is negative in nature "runs with the land" (i.e., it can bind subsequent owners who were not parties to the original contract under which it arose). 
C) A person who owns an interest less than an estate (e.g., a right of way) has a right to exclusive possession of that property. 
D) The "leasehold estate" interest in land is the greatest interest that can be granted and bestows the rights to use or sell the property. 
E) If two people own land as tenants in common, the surviving joint owner takes the interest of the deceased co-owner. 
A) Property includes only the land and not the buildings attached to it. 
B) A legal, registered restrictive covenant that is negative in nature "runs with the land" (i.e., it can bind subsequent owners who were not parties to the original contract under which it arose). 
C) A person who owns an interest less than an estate (e.g., a right of way) has a right to exclusive possession of that property. 
D) The "leasehold estate" interest in land is the greatest interest that can be granted and bestows the rights to use or sell the property. 
E) If two people own land as tenants in common, the surviving joint owner takes the interest of the deceased co-owner.

Question 12

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Accepted Answer

A) True 
 B)False

Question 13

Which levels of government have the power to pass legislation dealing with the environment?

Accepted Answer

Federal, provincial, territori

Question 14

Which of the following is considered real property in legal terms?

Accepted Answer

A) Chattels 
B) Land 
C) A claim against someone that has value 
D) Intellectual property (ideas and creative work) 
E) Intangible property or chose in action 
A) Chattels 
B) Land 
C) A claim against someone that has value 
D) Intellectual property (ideas and creative work) 
E) Intangible property or chose in action

Question 15

A right of way is an example of an estate in land since it gives the holder of it the right to go across the land.

Accepted Answer

A) True 
 B)False

Question 16

A surety bond provides assurance that the party to a contract will perform his or her part of the contract.

Accepted Answer

A) True 
 B)False

Question 17

Explain what is meant by a landlord's obligation to provide quiet enjoyment.

Accepted Answer

It's the landlord's obligation

Question 18

What is the major advantage of the land titles system over the traditional land registry in Canada?

Accepted Answer

The land titles system guarantees title.

Question 19

In some jurisdictions, the landlord is permitted to take a pet damage deposit (where pets are allowed) in addition to the security deposit.

Accepted Answer

A) True 
 B)False

Question 20

Distinguish between a fidelity bond and a surety bond.

Accepted Answer

A fidelity bond involves a person or an

Distinguish a condominium from a cooperative in terms of ownership.

Discuss the principle of the equity of redemption as developed by the Court of Chancery, and indicate its importance in the field of mortgage law today.

If a person wanted to build a log cabin in a new subdivision.what might prevent him or her from doing so?

If Sam buys the fee simple, which of the following is true with regard to his rights?

The power to foreclose creates risk for the second mortgagee.

What is a fidelity bond?

Harry's lawn mower ceased to work, and in order to get the lawn mowed, he borrowed his neighbour's lawn mower.Which one of the following is correct with respect to Harry's responsibility in relation to that lawn mower?

When a landlord seizes the tenant's property for failure to pay rent, this is called what?

Which one the following is true with regard to real property law?

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Which levels of government have the power to pass legislation dealing with the environment?

Which of the following is considered real property in legal terms?

A right of way is an example of an estate in land since it gives the holder of it the right to go across the land.

A surety bond provides assurance that the party to a contract will perform his or her part of the contract.

Explain what is meant by a landlord's obligation to provide quiet enjoyment.

What is the major advantage of the land titles system over the traditional land registry in Canada?

In some jurisdictions, the landlord is permitted to take a pet damage deposit (where pets are allowed) in addition to the security deposit.

Distinguish between a fidelity bond and a surety bond.

The Canadian Legal System

Torts and Professional Liability

Formation of Contracts

Enforcing Contractual Obligations

Legislation in the Marketplace

Agency and Employment

Methods of Carrying on Business

Ideas and Information

Electronic Commerce and International Trade

Filters

Exam 8: Property

Distinguish a condominium from a cooperative in terms of ownership.

Discuss the principle of the equity of redemption as developed by the Court of Chancery, and indicate its importance in the field of mortgage law today.

If a person wanted to build a log cabin in a new subdivision.what might prevent him or her from doing so?

If Sam buys the fee simple, which of the following is true with regard to his rights?

The power to foreclose creates risk for the second mortgagee.

What is a fidelity bond?

Harry's lawn mower ceased to work, and in order to get the lawn mowed, he borrowed his neighbour's lawn mower.Which one of the following is correct with respect to Harry's responsibility in relation to that lawn mower?

When a landlord seizes the tenant's property for failure to pay rent, this is called what?

Which one the following is true with regard to real property law?

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Which levels of government have the power to pass legislation dealing with the environment?

Which of the following is considered real property in legal terms?

A right of way is an example of an estate in land since it gives the holder of it the right to go across the land.

A surety bond provides assurance that the party to a contract will perform his or her part of the contract.

Explain what is meant by a landlord's obligation to provide quiet enjoyment.

What is the major advantage of the land titles system over the traditional land registry in Canada?

In some jurisdictions, the landlord is permitted to take a pet damage deposit (where pets are allowed) in addition to the security deposit.

Distinguish between a fidelity bond and a surety bond.

The Canadian Legal System

Torts and Professional Liability

Formation of Contracts

Enforcing Contractual Obligations

Legislation in the Marketplace

Agency and Employment

Methods of Carrying on Business

Ideas and Information

Electronic Commerce and International Trade

Filters