Question 1

Explain what is mortgaged in a second mortgage.

Accepted Answer

The answer of Explain what is mortgaged in a second...

Question 2

The federal government has exclusive legislative power when it comes to protecting the environment.

Accepted Answer

A) True 
 B)False

Question 3

The various human rights statutes in place also apply to the provision of rental accommodation; complaints with respect to discrimination in providing this service can be brought to the appropriate officer or board empowered to enforce the statute.

Accepted Answer

A) True 
 B)False

Question 4

Brenna owns two adjacent lakeside lots.She sells one lot to Burt and Ernie, with the provisions that they agree not to develop any commercial facilities on the land and to plant a row of rose bushes between the properties.The covenants are registered in the appropriate land title office.Which of the following is true?

Accepted Answer

A) If Burt and Ernie do not plant the bushes as agreed, Brenna could sue them for private nuisance. 
B) If Burt and Ernie sell the property, the new owner would not have to plant the row of rose bushes as provided in the original contract. 
C) If Burt and Ernie sell the property, the new owner would have to plant the row of rose bushes as provided in the original contract. 
D) The registration of a covenant guarantees that it is valid interest that runs with the land. 
E) If Burt and Ernie sell their lot to Holly, Holly would not be bound by the covenant to refrain from developing commercial facilities.

Question 5

An option to purchase agreement is:

Accepted Answer

A) A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another 
B) A contract that provides that a seller will retain the title in the property until the buyer has made all required payments 
C) A contract by which an offeree promises to buy the property offered at a later date set in the contract 
D) A contract transferring the fee simple to a new owner 
E) A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt

Question 6

Indicate the extent of ownership above and below land.

Accepted Answer

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Question 7

An option to purchase agreement is:

Accepted Answer

A) A contract by which an offeree promises to buy the property offered at a later date set in the contract 
B) A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another 
C) A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt 
D) A contract transferring the fee simple to a new owner 
E) A contract that provides that a seller will retain the title in the property until the buyer has made all of the required payments

Question 8

Where a first mortgagee forecloses in the event of a default, explain what the appropriate course of action would be for a second or third mortgagee.

Accepted Answer

The answer of Where a first mortgagee forecloses in the...

Question 9

Which of the following is the correct definition of a chattel?

Accepted Answer

A) Chattel refers to intellectual property such as patents and copyrights. 
B) The term chattel is the broad term used to describe any kind of property interest. 
C) Chattel is the term used to describe tangible personal property or movables. 
D) Chattel is an intangible form of personal property, such as a debt or claim. 
E) Chattel is a term used to describe the land registration system in place in the Western provinces.

Question 10

Explain what is meant by an insurable interest.

Accepted Answer

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Question 11

Discuss the various obligations of bailees when looking after the property of others.

Accepted Answer

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Question 12

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

Accepted Answer

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Question 13

Distinguish between a bailment for value and a voluntary bailment.

Accepted Answer

The answer of Distinguish between a bailment for value and...

Question 14

Late one night, Mr.Kane found a duffle bag in his front yard.He opened it and discovered that it contained $30 000.He called the police department to report what he had found.The police picked up the bag and the cash.During a thorough investigation, it was determined that the $30 000 was payment for illegal drugs.Who would have legal claim to the money?

Accepted Answer

A) The person who lost it 
B) The government 
C) Mr.Kane (since the duffle bag was located on his property) 
D) Mr.Kane and the government 
E) Mr.Kane (since he found the duffle bag)

Question 15

Consider the following statements regarding the nature of the landlord-tenant relationship.Indicate the true one.

Accepted Answer

A) A leasehold is one kind of interest less than an estate. 
B) Leases are only available in residential tenancies. 
C) The term of a lease must be for a definite period of time. 
D) An oral lease is never enforceable. 
E) A characteristic of leaseholds is that they grant to the holder the right of exclusive possession.

Question 16

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

Accepted Answer

A) A profit à prendre 
B) A house is not considered property 
C) A chattel 
D) An easement 
E) Real property

Question 17

When one person leaves tangible personal property with another to look after, the resulting relationship is called:

Accepted Answer

A) A chattel 
B) A choose in action 
C) A bailment 
D) A fiduciary relationship 
E) A fixture

Question 18

Jane asked her friend Harry to look after her very valuable Stradivarius violin while she was away on vacation.Which one of the following statements is correct with respect to the legal relationship created?

Accepted Answer

A) This is an example of a voluntary bailment for the benefit of the bailor only. 
B) This is an example of a voluntary bailment for the benefit of the bailee. 
C) Because the violin is a Stradivarius, this is an example of a bailment for value. 
D) This is an example of an involuntary bailment. 
E) Because Harry is doing his friend a favour, he has no legal duty to be careful of the violin.

Question 19

Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents, which referred to a transfer of a "fee simple." The following statements were made to him to explain the term.Which is correct?

Accepted Answer

A) The owner of the fee simple has the right to exclusive possession of the land until his death. 
B) If the owner of the fee simple dies without a will, his estate reverts back to the Crown. 
C) The owner of the fee simple has rights to the surface of the earth and also unlimited use of the airspace above his property. 
D) The owner of the fee simple also owns what is below the land, including mineral rights. 
E) Technically, only the Crown owns the land, but the fee simple interest is the greatest bundle of rights, other than the Crown's, that a person can own.

Question 20

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

Accepted Answer

A) The essential characteristic of an estate in land is that the owner of the estate, whether it is a fee simple, life estate, or leasehold, has exclusive possession. 
B) People gain an interest in land when they are given the right to use or access property for some particular purpose. 
C) Restrictive covenants that are negative in nature are not binding on future owners. 
D) A profit à prendre is a type of restrictive covenant attaching to all properties within a particular development plan. 
E) An easement acquired by prescription must be restrictive in nature to be binding on subsequent purchasers of land.

Exam 8: Property

Explain what is mortgaged in a second mortgage.

The federal government has exclusive legislative power when it comes to protecting the environment.

The various human rights statutes in place also apply to the provision of rental accommodation; complaints with respect to discrimination in providing this service can be brought to the appropriate officer or board empowered to enforce the statute.

An option to purchase agreement is:

Indicate the extent of ownership above and below land.

An option to purchase agreement is:

Where a first mortgagee forecloses in the event of a default, explain what the appropriate course of action would be for a second or third mortgagee.

Which of the following is the correct definition of a chattel?

Explain what is meant by an insurable interest.

Discuss the various obligations of bailees when looking after the property of others.

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

Distinguish between a bailment for value and a voluntary bailment.

Consider the following statements regarding the nature of the landlord-tenant relationship.Indicate the true one.

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

When one person leaves tangible personal property with another to look after, the resulting relationship is called:

Jane asked her friend Harry to look after her very valuable Stradivarius violin while she was away on vacation.Which one of the following statements is correct with respect to the legal relationship created?

Mario bought a small house in Nelson and was puzzled when he saw the conveyancing documents, which referred to a transfer of a "fee simple." The following statements were made to him to explain the term.Which is correct?

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