Question 1

Once it has paid out on the loss,an insurance company can step into the shoes of the insured and pursue a claim against the person who caused the loss.

Accepted Answer

A) True 
 B)False

Question 2

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 3

The provincial governments can create legislation that controls hazardous materials.

Accepted Answer

A) True 
 B)False

Question 4

A person owns a half interest in a house valued at $200 000 and has insurance on that property in the amount of $400 000.If the house burns down,causing a loss of $100 000,how much will that person collect?

Accepted Answer

A) $50 000 
B) $200 000 
C) $1000 
D) $400 000 
E) nothing 
A) $50 000 
B) $200 000 
C) $1000 
D) $400 000 
E) nothing

Question 5

In Ontario,both the tenant and the landlord must give 60 days' notice of termination of tenancy.

Accepted Answer

A) True 
 B)False

Question 6

Real property refers to land only.

Accepted Answer

A) True 
 B)False

Question 7

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Accepted Answer

A) True 
 B)False

Question 8

Explain how the tort of private nuisance is an example of environment protection.

Accepted Answer

This allows a private citizen

Question 9

Which one of the following is true with regard to real property law?

Accepted Answer

A) Property includes only the land and not the buildings attached to it. 
B) A legal,registered restrictive covenant that is negative in nature "runs with the land" (i.e.,it can bind subsequent owners who were not parties to the original contract under which it arose). 
C) A person who owns an interest less than an estate (e.g.,a right of way)has a right to exclusive possession of that property. 
D) The "leasehold estate" interest in land is the greatest interest that can be granted and bestows the rights to use or sell the property. 
E) If two people own land as tenants in common,the surviving joint owner takes the interest of the deceased co-owner. 
A) Property includes only the land and not the buildings attached to it. 
B) A legal,registered restrictive covenant that is negative in nature "runs with the land" (i.e.,it can bind subsequent owners who were not parties to the original contract under which it arose). 
C) A person who owns an interest less than an estate (e.g.,a right of way)has a right to exclusive possession of that property. 
D) The "leasehold estate" interest in land is the greatest interest that can be granted and bestows the rights to use or sell the property. 
E) If two people own land as tenants in common,the surviving joint owner takes the interest of the deceased co-owner.

Question 10

Which of the following statements is correct with respect to the creation of a bailment?

Accepted Answer

A) For a bailment to be created,the property must be given with the understanding that payment would be given for the service. 
B) The duty of care imposed on the bailee in a bailment for value is usually that of a reasonable person in the circumstances. 
C) A bailment is the process provided for releasing people from jail before trial. 
D) A bailment is not created when the transfer of the property is only done incidentally,such as leaving a watch with a watchmaker for repair. 
E) Bailments can only be created through contracts. 
A) For a bailment to be created,the property must be given with the understanding that payment would be given for the service. 
B) The duty of care imposed on the bailee in a bailment for value is usually that of a reasonable person in the circumstances. 
C) A bailment is the process provided for releasing people from jail before trial. 
D) A bailment is not created when the transfer of the property is only done incidentally,such as leaving a watch with a watchmaker for repair. 
E) Bailments can only be created through contracts.

Question 11

Explain what is meant by a person obtaining a right of way by prescription.

Accepted Answer

If a person is allowed to go across land

Question 12

Which one of the following explains the effect of a co-insurance clause?

Accepted Answer

A) A co-insurance clause provides for the insurance claim to be split between two or more beneficiaries. 
B) A co-insurance clause provides for several different properties to be insured under the same policy. 
C) A co-insurance clause provides for the insurance company to only pay a percentage of any loss. 
D) A co-insurance clause provides for more than one person to pay the premium. 
E) A co-insurance clause provides for the insurance company to arrange its own insurance on a large policy. 
A) A co-insurance clause provides for the insurance claim to be split between two or more beneficiaries. 
B) A co-insurance clause provides for several different properties to be insured under the same policy. 
C) A co-insurance clause provides for the insurance company to only pay a percentage of any loss. 
D) A co-insurance clause provides for more than one person to pay the premium. 
E) A co-insurance clause provides for the insurance company to arrange its own insurance on a large policy.

Question 13

The term equity is often used to refer to the value left in an asset after what is owed on it is subtracted.

Accepted Answer

A) True 
 B)False

Question 14

With regard to interests in land,which one of the following statements is true?

Accepted Answer

A) An easement in land is characterized by giving the owner of the estate exclusive possession of that property for some time. 
B) If Carol and Mary buy land and later use it to secure debt,possession of the property will be transferred to the creditor until the debt is repaid. 
C) If a joint tenant severs the joint tenancy,he can then will his interest in the land to whomever he chooses,and on his death the person named will take his interest. 
D) Tenancy in common is often used by families to get around inheritance taxes and probate fees. 
E) A joint tenant can sever the joint tenancy by bequeathing his interest in the property in a will,naming a third person as beneficiary. 
A) An easement in land is characterized by giving the owner of the estate exclusive possession of that property for some time. 
B) If Carol and Mary buy land and later use it to secure debt,possession of the property will be transferred to the creditor until the debt is repaid. 
C) If a joint tenant severs the joint tenancy,he can then will his interest in the land to whomever he chooses,and on his death the person named will take his interest. 
D) Tenancy in common is often used by families to get around inheritance taxes and probate fees. 
E) A joint tenant can sever the joint tenancy by bequeathing his interest in the property in a will,naming a third person as beneficiary.

Question 15

Joe borrowed his neighbour Sam's lawn mower.At the same time,Sam asked Joe to look after a valuable camera for him while he was on vacation.Explain in relation to which of these items Joe has a higher duty to be careful.

Accepted Answer

With the lawn mower,it's voluntary bailm

Question 16

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 17

When a house is built on a lot,the house is an example of:

Accepted Answer

A) a profit à prendre. 
B) a house not being considered property. 
C) a chattel. 
D) an easement. 
E) real property. 
A) a profit à prendre. 
B) a house not being considered property. 
C) a chattel. 
D) an easement. 
E) real property.

Question 18

Which of the following is correct with respect to the principle of subrogation as it relates to insurance law?

Accepted Answer

A) Subrogation refers to the principle that the insured cannot benefit from his own wrongdoing. 
B) Subrogation refers to the principle that,if an insurance company pays out on a policy,it assumes all of the rights of the insured against the person causing the loss. 
C) Subrogation refers to the principle that,if the insured does not take out enough insurance,he will be taken to be responsible for a portion of any loss incurred. 
D) Subrogation refers to the insured's right to demand payment from the insurance company if the insured-against event takes place. 
E) Subrogation refers to the practice of insurance companies taking out their own insurance where a policy involves potentially large losses or high risk. 
A) Subrogation refers to the principle that the insured cannot benefit from his own wrongdoing. 
B) Subrogation refers to the principle that,if an insurance company pays out on a policy,it assumes all of the rights of the insured against the person causing the loss. 
C) Subrogation refers to the principle that,if the insured does not take out enough insurance,he will be taken to be responsible for a portion of any loss incurred. 
D) Subrogation refers to the insured's right to demand payment from the insurance company if the insured-against event takes place. 
E) Subrogation refers to the practice of insurance companies taking out their own insurance where a policy involves potentially large losses or high risk.

Question 19

Which of the following statements is correct with respect to personal property that becomes attached to real property?

Accepted Answer

A) When a tenant attaches tangible personal property to the real property he has rented in order to use it in his trade or profession,those trade fixtures cannot be removed when he leaves. 
B) When a person renting a home attaches a mirror to the wall to better use it,he cannot take that mirror with him when he leaves. 
C) When tangible personal property becomes attached to the real property,it is unlawful to remove it under any circumstances. 
D) When tangible personal property becomes attached,it becomes part of the real property. 
E) The owner of real property does not have the right to detach a fixture if he so desires. 
A) When a tenant attaches tangible personal property to the real property he has rented in order to use it in his trade or profession,those trade fixtures cannot be removed when he leaves. 
B) When a person renting a home attaches a mirror to the wall to better use it,he cannot take that mirror with him when he leaves. 
C) When tangible personal property becomes attached to the real property,it is unlawful to remove it under any circumstances. 
D) When tangible personal property becomes attached,it becomes part of the real property. 
E) The owner of real property does not have the right to detach a fixture if he so desires.

Question 20

A distinction between real property and personal property is that one cannot be moved while the other can.

Accepted Answer

A) True 
 B)False

Once it has paid out on the loss,an insurance company can step into the shoes of the insured and pursue a claim against the person who caused the loss.

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.

The provincial governments can create legislation that controls hazardous materials.

A person owns a half interest in a house valued at $200 000 and has insurance on that property in the amount of $400 000.If the house burns down,causing a loss of $100 000,how much will that person collect?

In Ontario,both the tenant and the landlord must give 60 days' notice of termination of tenancy.

Real property refers to land only.

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Explain how the tort of private nuisance is an example of environment protection.

Which one of the following is true with regard to real property law?

Which of the following statements is correct with respect to the creation of a bailment?

Explain what is meant by a person obtaining a right of way by prescription.

Which one of the following explains the effect of a co-insurance clause?

The term equity is often used to refer to the value left in an asset after what is owed on it is subtracted.

With regard to interests in land,which one of the following statements is true?

Joe borrowed his neighbour Sam's lawn mower.At the same time,Sam asked Joe to look after a valuable camera for him while he was on vacation.Explain in relation to which of these items Joe has a higher duty to be careful.

When a house is built on a lot,the house is an example of:

Which of the following is correct with respect to the principle of subrogation as it relates to insurance law?

Which of the following statements is correct with respect to personal property that becomes attached to real property?

A distinction between real property and personal property is that one cannot be moved while the other can.

The Canadian Legal System

Torts and Professional Liability

Formation of Contracts

Enforcing Contractual Obligations

Legislation in the Marketplace

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Exam 8: Property

Once it has paid out on the loss,an insurance company can step into the shoes of the insured and pursue a claim against the person who caused the loss.

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.

The provincial governments can create legislation that controls hazardous materials.

A person owns a half interest in a house valued at $200 000 and has insurance on that property in the amount of $400 000.If the house burns down,causing a loss of $100 000,how much will that person collect?

In Ontario,both the tenant and the landlord must give 60 days' notice of termination of tenancy.

Real property refers to land only.

Riparian rights refer to a person living downstream on a river having the right to protect the quality and quantity of the water flowing to him or her.

Explain how the tort of private nuisance is an example of environment protection.

Which one of the following is true with regard to real property law?

Which of the following statements is correct with respect to the creation of a bailment?

Explain what is meant by a person obtaining a right of way by prescription.

Which one of the following explains the effect of a co-insurance clause?

The term equity is often used to refer to the value left in an asset after what is owed on it is subtracted.

With regard to interests in land,which one of the following statements is true?

Joe borrowed his neighbour Sam's lawn mower.At the same time,Sam asked Joe to look after a valuable camera for him while he was on vacation.Explain in relation to which of these items Joe has a higher duty to be careful.

When a house is built on a lot,the house is an example of:

Which of the following is correct with respect to the principle of subrogation as it relates to insurance law?

Which of the following statements is correct with respect to personal property that becomes attached to real property?

A distinction between real property and personal property is that one cannot be moved while the other can.

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