Question 1

The act of taking away private property by the government is called:

Accepted Answer

A)  police powers. 
B)  condemnation. 
C)  eminent domain. 
D)  easement 
A)  police powers. 
B)  condemnation. 
C)  eminent domain. 
D)  easement

Question 2

The most common way for commercial real estate to be transferred is by inheritance.

Accepted Answer

A) True 
 B)False

Question 3

Each of the following is personal property except:

Accepted Answer

A)  a car. 
B)  a house. 
C)  a computer. 
D)  business inventory 
A)  a car. 
B)  a house. 
C)  a computer. 
D)  business inventory

Question 4

Money being held by a neutral third party,to be paid out once a dispute is settled is money being held in ______.

Accepted Answer

The answer of Money being held by a neutral third...

Question 5

Which of the following is intellectual or intangible property?

Accepted Answer

A)  oxygen 
B)  copyrights and patents 
C)  a car 
D)  a tree 
A)  oxygen 
B)  copyrights and patents 
C)  a car 
D)  a tree

Question 6

Tracy has agreed to lease a home from Henry for nine months at a monthly rent of $1,000 per month.

Accepted Answer

A)  this lease must be in writing because it pertains to real property 
B)  this lease must be in writing because it is for more than $500 per month 
C)  this lease must be in writing because the law requires leases to be written regardless of duration or cost 
D)  this lease may be oral 
A)  this lease must be in writing because it pertains to real property 
B)  this lease must be in writing because it is for more than $500 per month 
C)  this lease must be in writing because the law requires leases to be written regardless of duration or cost 
D)  this lease may be oral

Question 7

The government must pay when it exercises its right of eminent domain.

Accepted Answer

A) True 
 B)False

Question 8

In the event that a tenant breaches a duty owed under a lease,what are the possible remedies that may be available to the landlord?

Accepted Answer

The landlord has two available remedies.

Question 9

What is meant by the concept that title to personal property and title to real property provides the owner a bundle of rights?

Accepted Answer

Ownership of personal and real property,

Question 10

Mike and Kathy have a live Christmas tree in their home.This tree is real property.

Accepted Answer

A) True 
 B)False

Question 11

A sublease occurs when a tenant transfers the entire remaining term of a lease to a third party.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not a potential right a tenant has should a serious dispute arise with the landlord?

Accepted Answer

A)  claim a constructive eviction 
B)  withhold rent and remain on the premises until the dispute is resolved 
C)  pay rent into escrow and remain on the premises until the dispute is resolved 
D)  terminate the lease and sue the landlord for damages 
A)  claim a constructive eviction 
B)  withhold rent and remain on the premises until the dispute is resolved 
C)  pay rent into escrow and remain on the premises until the dispute is resolved 
D)  terminate the lease and sue the landlord for damages

Question 13

Mike is driving when he has an accident.Robin who is driving behind him sees the accident and stops to help.She pulls Mike from the burning car and administers CPR saving his life.Mike is a wealthy landowner and wants to reward Robin so he gives her a home with the understanding that when she dies,the home will go back to Mike or if Mike were deceased,to Mike's heirs.Mike has granted Robin a:

Accepted Answer

A)  fee simple. 
B)  fee tail. 
C)  life estate. 
D)  fee simple defeasible 
A)  fee simple. 
B)  fee tail. 
C)  life estate. 
D)  fee simple defeasible

Question 14

It is possible to be in rightful possession of personal property without having actual ownership of the property.

Accepted Answer

A) True 
 B)False

Question 15

A piece of personal property affixed to real property is called a ______.

Accepted Answer

The answer of A piece of personal property affixed to...

Question 16

Riparian rights have to do with:

Accepted Answer

A)  water rights. 
B)  airspace rights. 
C)  subsurface mineral rights. 
D)  leasehold rights 
A)  water rights. 
B)  airspace rights. 
C)  subsurface mineral rights. 
D)  leasehold rights

Question 17

Floyd has lived in his residence for three years when new neighbors move in.Soon afterward he starts to smell hideous odors emanating from the new neighbors home.It turns out that they have started a large compost heap that they plan to use as fertilizer for their spring and fall planting.Even with his windows closed and the air conditioning on,he can't stop the smell from permeating his home.If he files in court claiming a nuisance,what standard will the court use and how is it applied?

Accepted Answer

A nuisance occurs when someone creates a

Question 18

Penny is renting an apartment from Albert.Every time Penny flushes the toilet the toilet overflows and she must clean and mop the floor of her bathroom.She has complained numerous times but Albert will not fix the problem.Albert is breaching Penny's right to:

Accepted Answer

A)  habitability. 
B)  quiet enjoyment. 
C)  possession. 
D)  fair use 
A)  habitability. 
B)  quiet enjoyment. 
C)  possession. 
D)  fair use

Question 19

An easement written in a deed is called an:

Accepted Answer

A)  easement by necessity. 
B)  easement by grant. 
C)  easement by implication. 
D)  easement by prescription 
A)  easement by necessity. 
B)  easement by grant. 
C)  easement by implication. 
D)  easement by prescription

Question 20

In Fontainebleau.Eden Roc,the Eden Roc Hotel sued the Fontainebleau Hotel when Fontainebleau began erecting a fourteen story addition to their premise that they claimed blocked air and sunlight from their pool and sunbathing areas.The court determined:

Accepted Answer

A)  blocking the air and sunlight constituted a nuisance so the building could be stopped. 
B)  the English law doctrine of "ancient lights" applied only if the building caused a dangerous circumstance to occur but not if the building only causes a nuisance. 
C)  the building could be erected only if it could be shown to be useful and beneficial as long as it is not being erected out of spite to knowingly harm the plaintiff. 
D)  the building could be erected if it could be shown to be useful and beneficial even if it may have been erected partly for spite to knowingly harm the plaintiff 
A)  blocking the air and sunlight constituted a nuisance so the building could be stopped. 
B)  the English law doctrine of "ancient lights" applied only if the building caused a dangerous circumstance to occur but not if the building only causes a nuisance. 
C)  the building could be erected only if it could be shown to be useful and beneficial as long as it is not being erected out of spite to knowingly harm the plaintiff. 
D)  the building could be erected if it could be shown to be useful and beneficial even if it may have been erected partly for spite to knowingly harm the plaintiff

Exam 23: Personal Property, Real Property, and Land Use Law

The act of taking away private property by the government is called:

The most common way for commercial real estate to be transferred is by inheritance.

Each of the following is personal property except:

Money being held by a neutral third party,to be paid out once a dispute is settled is money being held in ______.

Which of the following is intellectual or intangible property?

Tracy has agreed to lease a home from Henry for nine months at a monthly rent of $1,000 per month.

The government must pay when it exercises its right of eminent domain.

In the event that a tenant breaches a duty owed under a lease,what are the possible remedies that may be available to the landlord?

What is meant by the concept that title to personal property and title to real property provides the owner a bundle of rights?

Mike and Kathy have a live Christmas tree in their home.This tree is real property.

A sublease occurs when a tenant transfers the entire remaining term of a lease to a third party.

Which of the following is not a potential right a tenant has should a serious dispute arise with the landlord?

It is possible to be in rightful possession of personal property without having actual ownership of the property.

A piece of personal property affixed to real property is called a ______.

Riparian rights have to do with:

Penny is renting an apartment from Albert.Every time Penny flushes the toilet the toilet overflows and she must clean and mop the floor of her bathroom.She has complained numerous times but Albert will not fix the problem.Albert is breaching Penny's right to:

An easement written in a deed is called an:

In Fontainebleau.Eden Roc,the Eden Roc Hotel sued the Fontainebleau Hotel when Fontainebleau began erecting a fourteen story addition to their premise that they claimed blocked air and sunlight from their pool and sunbathing areas.The court determined:

Legal Foundations

Business and the Constitution

The American Judicial System,Jurisdiction,and Venue

Resolving Disputes: Litigation and Alternative Dispute Resolution Options

Business,Societal,and Ethical Contexts of Law

Overview and Formation of Contracts

Contract Performance: Conditions, Breach, and Remedies

Contracts for the Sale of Goods

Torts and Product Liability

Agency and Employment Relationships

Employment Regulation and Labor Law

Employment Discrimination

Choice of Business Entity, Sole Proprietorships, and Partnerships

Limited Liability Partnerships, limited Liability Companies, and Other Business Arrangements

Corporations

Regulation of Securities, corporate Governance, and Financial Markets

Administrative Law

Environmental Law

Antitrust and Regulation of Competition

Creditors Rights and Bankruptcy

Consumer Protection Law

Criminal Law and Procedure in Business

Intellectual Property

International Law and Global Commerce

Filters