Question 1

Which of the following is true regarding any duty Bruce owed to Kathy prior to the sale?

Accepted Answer

A)  In most states Bruce only had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property. 
B)  In most states Bruce had a duty to warn Kathy about any defects in the property regardless of whether they could have been discovered through a thorough examination of the property. 
C)  In most states Bruce had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property and that materially affected the value of the property. 
D)  In most states Bruce had no duty to warn Kathy of anything. 
E)  In most states Bruce had no duty to warn Kathy of anything so long as she had her own home inspection done. 
A)  In most states Bruce only had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property. 
B)  In most states Bruce had a duty to warn Kathy about any defects in the property regardless of whether they could have been discovered through a thorough examination of the property. 
C)  In most states Bruce had a duty to warn Kathy about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property and that materially affected the value of the property. 
D)  In most states Bruce had no duty to warn Kathy of anything. 
E)  In most states Bruce had no duty to warn Kathy of anything so long as she had her own home inspection done.

Question 2

Set forth what a deed must contain in order to be properly drafted.

Accepted Answer

To be properly drafted,a deed must conta

Question 3

Real property is commonly referred to as "realty."

Accepted Answer

A) True 
 B)False

Question 4

If a piece of property is divided and one portion is landlocked as a result,an easement by ______ is created.

Accepted Answer

A)  Prescription 
B)  Express need 
C)  Necessity 
D)  Implication 
E)  Requirement 
A)  Prescription 
B)  Express need 
C)  Necessity 
D)  Implication 
E)  Requirement

Question 5

Under the U.S.Constitution,private property may only be taken by the government if the government plans to develop the property itself for a public use such as for a school or a road.

Accepted Answer

A) True 
 B)False

Question 6

The ______ deed carries no warranties,and the grantor simply conveys whatever interests he or she holds.

Accepted Answer

A)  Quitclaim 
B)  Special warranty 
C)  Approved 
D)  General warranty 
E)  Specific 
A)  Quitclaim 
B)  Special warranty 
C)  Approved 
D)  General warranty 
E)  Specific

Exam 49: Real Property

Which of the following is true regarding any duty Bruce owed to Kathy prior to the sale?

Set forth what a deed must contain in order to be properly drafted.

Real property is commonly referred to as "realty."

If a piece of property is divided and one portion is landlocked as a result,an easement by ______ is created.

Under the U.S.Constitution,private property may only be taken by the government if the government plans to develop the property itself for a public use such as for a school or a road.

The ______ deed carries no warranties,and the grantor simply conveys whatever interests he or she holds.

An Introduction to Dynamic Business Law

Business Ethics

The Uslegal System

Alternative Dispute Resolution

Constitutional Principles

International and Comparative Law

Crime and the Business Community

Tort Law

Negligence and Strict Liability

Product Liability

Liability of Accountants and Other Professionals

Intellectual Property

Introduction to Contracts

Agreement

Consideration

Capacity and Illegality

Reality of Assent

Contracts in Writing

Third Party Rights to Contracts

Performance,Breach of Contract,discharge,and Remedies

Introduction to Sales and Lease Contracts

Title,Risk of Loss,and Insurable Interest

Performance and Obligations Under Sales and Lease Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties

Negotiable Instruments: Negotiability and Transferability

Negotiation, Holder in Due Course, and Defenses

Liability,defenses,and Discharge

Checks and Electronic Fund Transfers

Secured Transactions

Other Creditors Remedies and Suretyship

Bankruptcy and Reorganization

Agency Formation and Duties

Liability to Third Parties and Termination

Forms of Business Organizations

Partnerships: Nature, Formation, and Operation

Partnerships: Termination and Limited Partnerships

Corporations: Formation and Financing

Corporations: Directors, Officers, and Shareholders

Corporations: Mergers, Consolidations, and Termination

Corporations: Securities and Investor Protection

Employment and Labor Law

Employment Discrimination

Administrative Law

Consumer Law

Environmental Law

Antitrust Law

The Nature of Property, Personal Property, and Bailments

Landlord-Tenant Law

Insurance Law

Wills and Trusts

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