Question 1

In some jurisdictions,the landlord is permitted to take a pet damage deposit (where pets are allowed)in addition to the security deposit.

Accepted Answer

A) True 
 B)False

Question 2

Soon after marrying,John and Mary purchased a home in a new development.After living there for a number of years,they wanted to distinguish their home from others on the street by changing the roofing material and colour and installing old-fashioned light poles in the front of the house.When they shared their plans with neighbours,they were told that they would not be allowed to make such changes even though they owned the home.In checking their original home purchase documents,they discovered a building scheme that addressed roofs and outdoor lighting,among other things,leaving them very disappointed.Explain what is meant by a building scheme and how it compares with a restrictive covenant.

Accepted Answer

A building scheme is similar to a restri

Question 3

If Niles and Frasier buy a "fee simple" interest,which of the following is true with regard to their rights?

Accepted Answer

A) Today a person's right to the area above his land is restricted to that part of it he can make use of. 
B) The maxim "to whomsoever the soil belongs,he owns also to the sky" remains unchanged and is as valid today as ever. 
C) You can sue an airplane for trespass for flying at 30 000 feet over your property. 
D) Niles and Frasier have rights to the area under their land,including the mineral rights. 
E) In law,Niles and Frasier are entitled only to the surface of the earth within the boundaries. 
A) Today a person's right to the area above his land is restricted to that part of it he can make use of. 
B) The maxim "to whomsoever the soil belongs,he owns also to the sky" remains unchanged and is as valid today as ever. 
C) You can sue an airplane for trespass for flying at 30 000 feet over your property. 
D) Niles and Frasier have rights to the area under their land,including the mineral rights. 
E) In law,Niles and Frasier are entitled only to the surface of the earth within the boundaries.

Question 4

Distinguish between an easement and a right of way.

Accepted Answer

A right of way is a particular type of e

Question 5

Life estate means that the land is leased to a tenant for the period of his or her life.

Accepted Answer

A) True 
 B)False

Question 6

Joe was a customer in Sam's store when he carelessly dropped a very expensive vase,but he was relieved when he found that Sam had insurance to cover the loss.Explain Joe's legal position in these circumstances.

Accepted Answer

Joe should not be so relieved.When the i

Question 7

Which level of government has jurisdiction to pass laws to protect the environment?

Accepted Answer

A) provincial 
B) federal 
C) municipal 
D) all of the above 
E) Neither the federal,provincial,nor municipal government has jurisdiction. 
A) provincial 
B) federal 
C) municipal 
D) all of the above 
E) Neither the federal,provincial,nor municipal government has jurisdiction.

Question 8

In which one of the following situations would Joe be able to collect the entire amount of insurance claimed?

Accepted Answer

A) Joe insured the clubhouse of a Hells Angels motorcycle club located in the next block for $75 000; the house is valued at about that amount.The clubhouse is subsequently destroyed in a fire.Joe claims $75 000. 
B) Joe owns a one-half interest in a house valued at $1000 that is completely destroyed in a fire.The house is insured for that amount and Joe makes a claim for $100 000. 
C) Joe took out a life insurance policy on his wife for $500 000,and shortly thereafter,during a fight that occurred while he was in a drunken rage,he struck his wife,causing her death.Joe claims $500 000. 
D) Joe insured his law partner's life for $500 000 and the amount he actually loses when the partner dies is only $1000.Joe claims $500 000. 
E) Joe's house suffers $20 000 damage,and he only had it insured for $1000,when the actual value was over $250 000.Joe claims $20 000. 
A) Joe insured the clubhouse of a Hells Angels motorcycle club located in the next block for $75 000; the house is valued at about that amount.The clubhouse is subsequently destroyed in a fire.Joe claims $75 000. 
B) Joe owns a one-half interest in a house valued at $1000 that is completely destroyed in a fire.The house is insured for that amount and Joe makes a claim for $100 000. 
C) Joe took out a life insurance policy on his wife for $500 000,and shortly thereafter,during a fight that occurred while he was in a drunken rage,he struck his wife,causing her death.Joe claims $500 000. 
D) Joe insured his law partner's life for $500 000 and the amount he actually loses when the partner dies is only $1000.Joe claims $500 000. 
E) Joe's house suffers $20 000 damage,and he only had it insured for $1000,when the actual value was over $250 000.Joe claims $20 000.

Question 9

Distinguish between a fidelity bond and a surety bond.

Accepted Answer

A fidelity bond involves a person or an

Question 10

What is the general requirement of the Canadian Environmental Assessment Act?

Accepted Answer

All projects that the federal

Question 11

Explain what is meant by a fee simple interest.

Accepted Answer

This is the highest interest in land tha

Question 12

A joint tenancy can be changed to a tenancy in common in a will.

Accepted Answer

A) True 
 B)False

Question 13

A right of way is an example of a leasehold estate that is specified for a period of time.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is false with regard to mortgages on land?

Accepted Answer

A) The right to foreclose is a remedy from the court of equity that allowed the mortgagee the right to end the mortgagor's equitable right to redeem the property after default. 
B) If the borrower (the mortgagor)is paying and otherwise honouring the terms of the mortgage,he is entitled to no interference with his use of the property by the mortgagee. 
C) The courts of equity have given the borrower (mortgagor)the right to redeem his property even after default if he makes the appropriate payments. 
D) A mortgage is a contract between a lender and a borrower that provides that the borrower not only gives the lender his promise to pay but also grants the lender title to his real property to hold as security. 
E) A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure. 
A) The right to foreclose is a remedy from the court of equity that allowed the mortgagee the right to end the mortgagor's equitable right to redeem the property after default. 
B) If the borrower (the mortgagor)is paying and otherwise honouring the terms of the mortgage,he is entitled to no interference with his use of the property by the mortgagee. 
C) The courts of equity have given the borrower (mortgagor)the right to redeem his property even after default if he makes the appropriate payments. 
D) A mortgage is a contract between a lender and a borrower that provides that the borrower not only gives the lender his promise to pay but also grants the lender title to his real property to hold as security. 
E) A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.

Question 15

Distinguish between real property and other forms of property.

Accepted Answer

Real property consists of land and the t

Question 16

An insurance company's right to subrogation refers to its right to refuse to pay where the insured is responsible for his or her own loss.

Accepted Answer

A) True 
 B)False

Question 17

When people have a tenancy in common and one of them dies,his or her share in the property goes to the survivor.

Accepted Answer

A) True 
 B)False

Question 18

Term lease describes a period-to-period rental.

Accepted Answer

A) True 
 B)False

Question 19

What is meant by the term bailment?

Accepted Answer

A bailment takes place when on

Question 20

An estate in the land describes a person's right to the exclusive possession and use of that land.

Accepted Answer

A) True 
 B)False

In some jurisdictions,the landlord is permitted to take a pet damage deposit (where pets are allowed)in addition to the security deposit.

If Niles and Frasier buy a "fee simple" interest,which of the following is true with regard to their rights?

Distinguish between an easement and a right of way.

Life estate means that the land is leased to a tenant for the period of his or her life.

Joe was a customer in Sam's store when he carelessly dropped a very expensive vase,but he was relieved when he found that Sam had insurance to cover the loss.Explain Joe's legal position in these circumstances.

Which level of government has jurisdiction to pass laws to protect the environment?

In which one of the following situations would Joe be able to collect the entire amount of insurance claimed?

Distinguish between a fidelity bond and a surety bond.

What is the general requirement of the Canadian Environmental Assessment Act?

Explain what is meant by a fee simple interest.

A joint tenancy can be changed to a tenancy in common in a will.

A right of way is an example of a leasehold estate that is specified for a period of time.

Which of the following is false with regard to mortgages on land?

Distinguish between real property and other forms of property.

An insurance company's right to subrogation refers to its right to refuse to pay where the insured is responsible for his or her own loss.

When people have a tenancy in common and one of them dies,his or her share in the property goes to the survivor.

Term lease describes a period-to-period rental.

What is meant by the term bailment?

An estate in the land describes a person's right to the exclusive possession and use of that land.

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Exam 8: Property

In some jurisdictions,the landlord is permitted to take a pet damage deposit (where pets are allowed)in addition to the security deposit.

If Niles and Frasier buy a "fee simple" interest,which of the following is true with regard to their rights?

Distinguish between an easement and a right of way.

Life estate means that the land is leased to a tenant for the period of his or her life.

Joe was a customer in Sam's store when he carelessly dropped a very expensive vase,but he was relieved when he found that Sam had insurance to cover the loss.Explain Joe's legal position in these circumstances.

Which level of government has jurisdiction to pass laws to protect the environment?

In which one of the following situations would Joe be able to collect the entire amount of insurance claimed?

Distinguish between a fidelity bond and a surety bond.

What is the general requirement of the Canadian Environmental Assessment Act?

Explain what is meant by a fee simple interest.

A joint tenancy can be changed to a tenancy in common in a will.

A right of way is an example of a leasehold estate that is specified for a period of time.

Which of the following is false with regard to mortgages on land?

Distinguish between real property and other forms of property.

An insurance company's right to subrogation refers to its right to refuse to pay where the insured is responsible for his or her own loss.

When people have a tenancy in common and one of them dies,his or her share in the property goes to the survivor.

Term lease describes a period-to-period rental.

What is meant by the term bailment?

An estate in the land describes a person's right to the exclusive possession and use of that land.

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