Question 1

Which of the following information is NOT contained in the Torrens title register?

Accepted Answer

A)  The name of the proprietor(s). 
B)  The nature and extent of all encumbrances. 
C)  The nature and type of all improvements to the land. 
D)  Boundaries of the land. 
A)  The name of the proprietor(s). 
B)  The nature and extent of all encumbrances. 
C)  The nature and type of all improvements to the land. 
D)  Boundaries of the land. C

Question 2

A fixture is classified as:

Accepted Answer

A)  Real property. 
B)  A chose in possession. 
C)  A chattel real. 
D)  A chose in action. 
A)  Real property. 
B)  A chose in possession. 
C)  A chattel real. 
D)  A chose in action. A

Question 3

Which of the following statements about Torrent Title is NOT correct?

Accepted Answer

A)  Mortgages are created by registration rather than by transfer of ownership. 
B)  Title to land is established by tracing ownership through a series of deeds. 
C)  The registered owner generally owns the land free from all unregistered interests. 
D)  The State guarantees that the person named on the register as the owner is in fact the owner. 
A)  Mortgages are created by registration rather than by transfer of ownership. 
B)  Title to land is established by tracing ownership through a series of deeds. 
C)  The registered owner generally owns the land free from all unregistered interests. 
D)  The State guarantees that the person named on the register as the owner is in fact the owner. B

Question 4

Which of the following is the best definition of a licence in relation to land?

Accepted Answer

A)  Permission to use property in a certain way. 
B)  A right attached to a particular piece of land for the benefit of another. 
C)  A grant of exclusive possession of property. 
D)  An agreement conferring an estate or interest in land for a limited time. 
A)  Permission to use property in a certain way. 
B)  A right attached to a particular piece of land for the benefit of another. 
C)  A grant of exclusive possession of property. 
D)  An agreement conferring an estate or interest in land for a limited time.

Question 5

Which of the following statements about strata title is NOT correct?

Accepted Answer

A)  The strata title is vested in the owner's corporation. 
B)  A strata title is evidence of the horizontal subdivision of the land and/or airspace. 
C)  The owner's corporation is responsible for management, control and administration of the building. 
D)  A strata plan can only be registered over Torrens Title land. 
A)  The strata title is vested in the owner's corporation. 
B)  A strata title is evidence of the horizontal subdivision of the land and/or airspace. 
C)  The owner's corporation is responsible for management, control and administration of the building. 
D)  A strata plan can only be registered over Torrens Title land.

Question 6

A lease of land would be classified as real property.

Accepted Answer

A) True 
 B)False

Question 7

Under the Torrens title system, title is based on registration.

Accepted Answer

A) True 
 B)False

Question 8

Describe the three main types of property.

Accepted Answer

The three main types of property are rea

Question 9

Which of the following are entitled to exclusive possession of land?

Accepted Answer

A)  The lessee. 
B)  The holder of a life estate. 
C)  The owner in fee simple. 
D)  All of the above. 
A)  The lessee. 
B)  The holder of a life estate. 
C)  The owner in fee simple. 
D)  All of the above.

Question 10

What is the meaning of the term 'survivorship' in respect to interests in land?

Accepted Answer

The term 'survivorship' means, that if o

Question 11

If there are several mortgages over one parcel of land how is priority determined?

Accepted Answer

A)  Priority is determined by the date of creation. 
B)  It is not possible to have several mortgages over one parcel of land. 
C)  An equitable mortgage takes priority over a legal mortgage. 
D)  A legal mortgage takes priority over an equitable mortgage. 
A)  Priority is determined by the date of creation. 
B)  It is not possible to have several mortgages over one parcel of land. 
C)  An equitable mortgage takes priority over a legal mortgage. 
D)  A legal mortgage takes priority over an equitable mortgage.

Question 12

A transaction in which an interest in land is given as security for repayment of money lent is called a caveat.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following will NOT result in termination of a lease?

Accepted Answer

A)  Forfeiture by breach of a condition of the lease. 
B)  By either party doing an act inconsistent with continuation of the lease with consent of the other party. 
C)  Notice to quit given by either party according to the terms of the lease. 
D)  Sale of the property by the landlord. 
A)  Forfeiture by breach of a condition of the lease. 
B)  By either party doing an act inconsistent with continuation of the lease with consent of the other party. 
C)  Notice to quit given by either party according to the terms of the lease. 
D)  Sale of the property by the landlord.

Question 14

A trademark is classified as:

Accepted Answer

A)  Real property. 
B)  A chose in action. 
C)  A chattel real. 
D)  A chose in possession. 
A)  Real property. 
B)  A chose in action. 
C)  A chattel real. 
D)  A chose in possession.

Question 15

In what circumstances will native title that has been extinguished by a grant of freehold be 'revived'?

Accepted Answer

A)  By a Crown grant. 
B)  By the resumption of the land by the Crown. 
C)  By an act of the executive. 
D)  Once extinguished, native title can never be revived. 
A)  By a Crown grant. 
B)  By the resumption of the land by the Crown. 
C)  By an act of the executive. 
D)  Once extinguished, native title can never be revived.

Question 16

Which of the following is NOT regulated by the residential tenancies legislation?

Accepted Answer

A)  Lodging or boarding agreements. 
B)  Holiday homes. 
C)  Farm letting. 
D)  All of the above. 
A)  Lodging or boarding agreements. 
B)  Holiday homes. 
C)  Farm letting. 
D)  All of the above.

Question 17

Which of the following covenants will NOT be implied into a lease of a furnished house?

Accepted Answer

A)  The tenant must take proper care of the house. 
B)  The landlord must ensure the house is fit for habitation. 
C)  The tenant must repair all damage to the house. 
D)  The landlord must provide the tenant with quiet possession. 
A)  The tenant must take proper care of the house. 
B)  The landlord must ensure the house is fit for habitation. 
C)  The tenant must repair all damage to the house. 
D)  The landlord must provide the tenant with quiet possession.

Question 18

Which of the following items, if attached to the land or a building by a tenant, becomes the property of the landlord at the end of the lease?

Accepted Answer

A)  A washing dryer affixed to the wall. 
B)  A lampshade attached to a ceiling light. 
C)  A printing press bolted to the floor. 
D)  A tree planted in the garden. 
A)  A washing dryer affixed to the wall. 
B)  A lampshade attached to a ceiling light. 
C)  A printing press bolted to the floor. 
D)  A tree planted in the garden.

Question 19

In the context of property law, which of the following is the best definition of the term: 'property'?

Accepted Answer

A)  The rights or ownership of an object. 
B)  Possession or physical control of an object. 
C)  Land and anything fixed to it. 
D)  Real property. 
A)  The rights or ownership of an object. 
B)  Possession or physical control of an object. 
C)  Land and anything fixed to it. 
D)  Real property.

Question 20

Co-owners who hold an equal and undivided interest in property that is characterised by the four unities and survivorship are called joint tenants.

Accepted Answer

A) True 
 B)False

Exam 27: Property and mortgages

Which of the following information is NOT contained in the Torrens title register?

A fixture is classified as:

Which of the following statements about Torrent Title is NOT correct?

Which of the following is the best definition of a licence in relation to land?

Which of the following statements about strata title is NOT correct?

A lease of land would be classified as real property.

Under the Torrens title system, title is based on registration.

Describe the three main types of property.

Which of the following are entitled to exclusive possession of land?

What is the meaning of the term 'survivorship' in respect to interests in land?

If there are several mortgages over one parcel of land how is priority determined?

A transaction in which an interest in land is given as security for repayment of money lent is called a caveat.

Which of the following will NOT result in termination of a lease?

A trademark is classified as:

In what circumstances will native title that has been extinguished by a grant of freehold be 'revived'?

Which of the following is NOT regulated by the residential tenancies legislation?

Which of the following covenants will NOT be implied into a lease of a furnished house?

Which of the following items, if attached to the land or a building by a tenant, becomes the property of the landlord at the end of the lease?

In the context of property law, which of the following is the best definition of the term: 'property'?

Co-owners who hold an equal and undivided interest in property that is characterised by the four unities and survivorship are called joint tenants.

Legal Foundations

Origins of Australian Law

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: The Law of Torts and Negligence

Applications of Negligence to Business

Introduction to Contracts

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties, Discharge and Remedies

Remedies in Contract

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Agency

Introduction to Companies and Incorporated Associations

Partnerships

Choosing a Business Entity

Other Business-Related Torts

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Sale of Goods

Electronic commerce

Intellectual propert

Ethics and business practice

Criminal law in a business context

Restrictive trade practices

Negotiable instruments

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

Consumer Credit and Privacy

Ethics and Regulations in Marketing and Advertising

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