Exam 8: Property

What is a surety bond?

Jack and Joan got married.It was the second marriage for both of them,and each brought one teenage child to the family.They bought a house in Langley as joint tenants.They worked very hard to create a loving home,but when the children had disputes it affected the relationship between Jack and Joan because of their loyalty each to their own child.Joan now thinks that it was a mistake to buy the house as joint tenants and wants her share in the house to go to her child in the event of her death.Which of the following will bring about such a change?

Distinguish between real and personal property.

People living on rivers in Canada are entitled to have the water come to them in undiminished quality and quantity.This is an expression of what kind of rights?

The only person who has a better claim to goods that are found is the original owner.

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

Explain what is meant by the equity of redemption in a mortgage transaction.

"When a tenant has signed a two-year lease and then for some reason finds himself in the position where he has to leave,the landlord has an obligation to try to rent out the premises to someone else." Explain the accuracy of this statement.

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 2004,Ned bought two hectares in Richmond.In 2014,he subdivided the property,keeping Lot A for himself and selling Lot B to Weerdt.Ned also retained a right of way along one side of Lot B to permit access to the road.Another term of the contract required Weerdt to plant a row of poplar trees along the boundary with Lot A within two months of the sale.Both covenants were registered.Weerdt took possession and soon built a small motorcross course near Ned's lot where he and his friends practised on their unmuffled dirt bikes,during which times Ned was unable to use his backyard because of the noise.Weerdt hauled the cycles around in his truck,which he often parked either on Ned's property or in the right of way,blocking Ned's passage.Weerdt never did plant the trees.Based on these facts,which one of the following is false?

Most provinces have set up environmental protection agencies or departments.Indicate three functions of these departments.

In January 2012,Adam sold his farm to his three sons: Bert (age 36),Charles (age 33),and Darwin (age 31),all married.The transfer of estate in fee simple form named them as joint tenants.Bert sold his interest to his younger sister,Eileen (age 27)in June 2012.In August 2012,Charles and Darwin were killed in a car accident.They died instantaneously.The law presumes that the older brother,Charles,died first.Which of the following is false? Read each separately.

Joe was walking in a park and found a watch.He took it to the City's lost and found,but it was not claimed.Three years later,Joe went to this lost and found and asked for the watch and was told that it was a property of the City.Explain Joe's legal position in these circumstances.

In the context of residential tenancies,a tenant's failure to pay rent can lead to an application by the landlord to a residential tribunal requesting that the back rent be paid or the tenant be evicted.Additionally,with respect to the tenant's property in the rental unit,the landlord may:

Environmental legislation is not concerned with which of the following?

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

Insurable interest means that the insured must have a personal stake or interest in whatever is being insured and can only claim on the insurance to the extent of the value of that interest.

Explain what is held in a life estate.

Which of the following is false with regard to the nature of mortgages?

Mr.Bucks owned a 10-hectare property in Langley.He subdivided the land into two 5-hectare lots.He decided to keep lot A for himself and to sell lot B.His friend and neighbour,Ms.Goode,wanted lot B,so they made the following deal: For lot B,Goode would give Bucks $100 000,her car,a right of way of three metres along the east side of lot B to provide access to the highway,her promise not to remove any of the cedar trees (a row of which benefits lot A by blocking the view of a factory),and her promise to plant a 5-metre-long laurel hedge to block Bucks's view of her driveway.All promises were registered.Which one of the following is true?