Question 1

Which of the following is false with regard to the law of landlord and tenant, lessor and lessee?

Accepted Answer

A) The law of frustration applies to residential leases. 
B) A lease agreement is a contract that grants an estate in land (i.e., it gives the lessee exclusive possession for a period of time). 
C) Residential properties are governed by statute and vary from jurisdiction to jurisdiction. 
D) If a commercial lessee defaults on his rent, the lessor has the power to seize the lessee's property left on the premises. 
E) A tenancy is primarily contractual and therefore does not "run with the land"; it does not bind a purchaser of the building. 
A) The law of frustration applies to residential leases. 
B) A lease agreement is a contract that grants an estate in land (i.e., it gives the lessee exclusive possession for a period of time). 
C) Residential properties are governed by statute and vary from jurisdiction to jurisdiction. 
D) If a commercial lessee defaults on his rent, the lessor has the power to seize the lessee's property left on the premises. 
E) A tenancy is primarily contractual and therefore does not "run with the land"; it does not bind a purchaser of the building.

Question 2

Distinguish between real property and other forms of property.

Accepted Answer

Real property consists of land and the t

Question 3

A mortgagor finances the purchase of property, holds title to it until it is paid for, and can take possession in the event of default.

Accepted Answer

A) True 
 B)False

Question 4

Old Uncle Isaac has a cold and has become very morbid, talking continuously about funerals, death, and wills.Now he asks about life estates and wills; should he give his wife, Juliet, a life estate? Which of the following is a true statement about wills and life estates?

Accepted Answer

A) The owner of the fee simple can grant a life estate only while he is alive. 
B) If Isaac doesn't make out a will, his property will revert back to the Crown. 
C) The holder of a life estate must not harm the value of the reversionary interest. 
D) A life estate can only be created by contract. 
E) The life tenant is entitled to exclusive possession of the property for his or her remaining life and can extend the life tenancy by including the property in his or her will. 
A) The owner of the fee simple can grant a life estate only while he is alive. 
B) If Isaac doesn't make out a will, his property will revert back to the Crown. 
C) The holder of a life estate must not harm the value of the reversionary interest. 
D) A life estate can only be created by contract. 
E) The life tenant is entitled to exclusive possession of the property for his or her remaining life and can extend the life tenancy by including the property in his or her will.

Question 5

Explain what is held in a life estate.

Accepted Answer

A fee simple estate in land can be split

Question 6

Explain what is meant by riparian rights.

Accepted Answer

A person living on a river has

Question 7

A lease longer than three years must be registered in the land registry to be effective against any subsequent owner, whether the land is sold or even against a mortgagee or other creditor having a claim against the property.

Accepted Answer

A) True 
 B)False

Question 8

In a second or third mortgage, it is the right to redeem that is mortgaged or transferred as security.

Accepted Answer

A) True 
 B)False

Question 9

A gratuitous bailment can occur when someone borrows an item from a neighbour.

Accepted Answer

A) True 
 B)False

Question 10

The landlord is reluctant to rent the premises to three male students.He wants to impress upon them that they have certain responsibilities as well as certain rights when they become tenants.He tells them the following as if they were statements of the law.Which of the following is not accurate as to their rights and obligations as tenants?

Accepted Answer

A) They must maintain ordinary cleanliness standards throughout the premises. 
B) They must repair any damage to the premises that they cause or that any of their guests might cause. 
C) Each of them must pay one month's rent in advance so the landlord has three months' rent as a security deposit. 
D) If they breach their lease and leave early, the landlord has the right to find new tenants to reduce his damages. 
E) If the landlord sells the property, the new owner is bound by the terms of any lease, including the obligation to repay the security deposit. 
A) They must maintain ordinary cleanliness standards throughout the premises. 
B) They must repair any damage to the premises that they cause or that any of their guests might cause. 
C) Each of them must pay one month's rent in advance so the landlord has three months' rent as a security deposit. 
D) If they breach their lease and leave early, the landlord has the right to find new tenants to reduce his damages. 
E) If the landlord sells the property, the new owner is bound by the terms of any lease, including the obligation to repay the security deposit.

Question 11

Explain when the notice must be given to vary or terminate a periodic tenancy agreement.

Accepted Answer

One clear rental period notice must be g

Question 12

An all-risk insurance policy is likely to contain exclusions.

Accepted Answer

A) True 
 B)False

Question 13

Business interruption insurance is designed to cover which of the following situations?

Accepted Answer

A) A person owns a restaurant business and the restaurant is destroyed by fire.The insurance coverage pays for the repair of the building. 
B) A person is an employee at a restaurant business and gets ill.The insurance coverage pays him his wages while he is off work sick. 
C) A person owns a restaurant business and the restaurant is destroyed by fire.The insurance covers the losses caused by the business being closed down for several months. 
D) A person operates a restaurant business and some customers suffer injury due to food poisoning.The insurance coverage provides for payment to cover any losses incurred because of claims by the restaurant arising from damages paid to these customers. 
E) A person has a partner in his restaurant business and that partner catches a disease and dies.The insurance provides for coverage of the death of the partner. 
A) A person owns a restaurant business and the restaurant is destroyed by fire.The insurance coverage pays for the repair of the building. 
B) A person is an employee at a restaurant business and gets ill.The insurance coverage pays him his wages while he is off work sick. 
C) A person owns a restaurant business and the restaurant is destroyed by fire.The insurance covers the losses caused by the business being closed down for several months. 
D) A person operates a restaurant business and some customers suffer injury due to food poisoning.The insurance coverage provides for payment to cover any losses incurred because of claims by the restaurant arising from damages paid to these customers. 
E) A person has a partner in his restaurant business and that partner catches a disease and dies.The insurance provides for coverage of the death of the partner.

Question 14

After saving his money for years, Taylor was finally able to buy property with a small house and a lake.Which of the following is false?

Accepted Answer

A) Taylor's interest is referred to as a fee simple. 
B) Taylor owns all of the area above his land and all of the land below it. 
C) Taylor can sell part of his interest and create a joint tenancy. 
D) Taylor's ownership extends to include "fixtures." 
E) Despite the extent of Taylor's interest, the Crown can grant the mineral rights to someone else. 
A) Taylor's interest is referred to as a fee simple. 
B) Taylor owns all of the area above his land and all of the land below it. 
C) Taylor can sell part of his interest and create a joint tenancy. 
D) Taylor's ownership extends to include "fixtures." 
E) Despite the extent of Taylor's interest, the Crown can grant the mineral rights to someone else.

Question 15

Describe three different types of insurance that a business person might obtain in relationship to his or her business.

Accepted Answer

Property insurance, business i

Question 16

Explain who is liable for paying for pollution that takes place in a commercial situation.

Accepted Answer

In general, the polluter must pay, but t

Question 17

In a three-year commercial lease, the tenant must give the landlord two months' notice before leaving.

Accepted Answer

A) True 
 B)False

Question 18

A joint tenancy can be changed to a tenancy in common in a will.

Accepted Answer

A) True 
 B)False

Question 19

Blasting going on nearby that interferes with the tenant's work or sleep, construction that interferes with the tenant's access to the office, or a major leak that makes the premises uninhabitable are all breaches of a tenant's right to quiet enjoyment.

Accepted Answer

A) True 
 B)False

Question 20

A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.

Accepted Answer

A) True 
 B)False

Which of the following is false with regard to the law of landlord and tenant, lessor and lessee?

Distinguish between real property and other forms of property.

A mortgagor finances the purchase of property, holds title to it until it is paid for, and can take possession in the event of default.

Old Uncle Isaac has a cold and has become very morbid, talking continuously about funerals, death, and wills.Now he asks about life estates and wills; should he give his wife, Juliet, a life estate? Which of the following is a true statement about wills and life estates?

Explain what is held in a life estate.

Explain what is meant by riparian rights.

A lease longer than three years must be registered in the land registry to be effective against any subsequent owner, whether the land is sold or even against a mortgagee or other creditor having a claim against the property.

In a second or third mortgage, it is the right to redeem that is mortgaged or transferred as security.

A gratuitous bailment can occur when someone borrows an item from a neighbour.

Explain when the notice must be given to vary or terminate a periodic tenancy agreement.

An all-risk insurance policy is likely to contain exclusions.

Business interruption insurance is designed to cover which of the following situations?

After saving his money for years, Taylor was finally able to buy property with a small house and a lake.Which of the following is false?

Describe three different types of insurance that a business person might obtain in relationship to his or her business.

Explain who is liable for paying for pollution that takes place in a commercial situation.

In a three-year commercial lease, the tenant must give the landlord two months' notice before leaving.

A joint tenancy can be changed to a tenancy in common in a will.

Blasting going on nearby that interferes with the tenant's work or sleep, construction that interferes with the tenant's access to the office, or a major leak that makes the premises uninhabitable are all breaches of a tenant's right to quiet enjoyment.

A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.

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Exam 8: Property

Which of the following is false with regard to the law of landlord and tenant, lessor and lessee?

Distinguish between real property and other forms of property.

A mortgagor finances the purchase of property, holds title to it until it is paid for, and can take possession in the event of default.

Old Uncle Isaac has a cold and has become very morbid, talking continuously about funerals, death, and wills.Now he asks about life estates and wills; should he give his wife, Juliet, a life estate? Which of the following is a true statement about wills and life estates?

Explain what is held in a life estate.

Explain what is meant by riparian rights.

A lease longer than three years must be registered in the land registry to be effective against any subsequent owner, whether the land is sold or even against a mortgagee or other creditor having a claim against the property.

In a second or third mortgage, it is the right to redeem that is mortgaged or transferred as security.

A gratuitous bailment can occur when someone borrows an item from a neighbour.

Explain when the notice must be given to vary or terminate a periodic tenancy agreement.

An all-risk insurance policy is likely to contain exclusions.

Business interruption insurance is designed to cover which of the following situations?

After saving his money for years, Taylor was finally able to buy property with a small house and a lake.Which of the following is false?

Describe three different types of insurance that a business person might obtain in relationship to his or her business.

Explain who is liable for paying for pollution that takes place in a commercial situation.

In a three-year commercial lease, the tenant must give the landlord two months' notice before leaving.

A joint tenancy can be changed to a tenancy in common in a will.

Blasting going on nearby that interferes with the tenant's work or sleep, construction that interferes with the tenant's access to the office, or a major leak that makes the premises uninhabitable are all breaches of a tenant's right to quiet enjoyment.

A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.

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