Question 1

Property is the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud.

Accepted Answer

A) True 
 B)False

Question 2

An easement:

Accepted Answer

A)  creates ownership of the land in question. 
B)  exists for the benefit of pharmaceutical corporations. 
C)  occurs when landlocked property is purchased. 
D)  creates a leasehold estate. 
E)  places a particular use of land behind the exclusive legal fence.

Question 3

Which of the following is NOT a requirement for a successful application of adverse possession?

Accepted Answer

A)  The possessor must occupy the land openly and notoriously. 
B)  The possessor must occupy the land continuously. 
C)  The possessor must physically occupy the land. 
D)  The possessor must occupy the land wrongfully. 
E)  The possessor must occupy the land with the owner's permission.

Question 4

Sidney Carton, owner in fee simple of Cartonacre, makes the following grant of his land: "to Lucie Manette for life, then at the death of Lucie Manette, to her children in equal share." At the time of the grant, Sidney Carton has no children or heirs of his own. What interests have been created by this land grant?

Accepted Answer

The answer of Sidney Carton, owner in fee simple of...

Question 5

The courts have generally defined just compensation in terms of market value.

Accepted Answer

A) True 
 B)False

Question 6

Seth takes his laundry to Denise's Dry Cleaners (DDC). When Seth gets his clothes back he notices that two of his shirts, perfect when brought in, are now ripped. Which of the following is correct?

Accepted Answer

A)  This was a mutual benefit bailment and DDC owed a duty of reasonable care. 
B)  This was a bailment for the sole benefit of the bailee and DDC owed a duty of slight care. 
C)  This was a bailment for the sole benefit of the bailor and DDC owed a duty of great care. 
D)  This was not a bailment. 
E)  This was an unintentional bailment, so DDC does not owe a duty of care.

Question 7

How would one determine whether found property is lost or mislaid? What are the rights of the finder of lost and mislaid property?

Accepted Answer

The answer of How would one determine whether found property...

Question 8

In a determination of private nuisance, a court will declare a nuisance based solely upon the plaintiff's showing that the defendant's use of his or her land produces an offensive result for the community.

Accepted Answer

A) True 
 B)False

Question 9

Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes he owns. Maria lives there for a while and then accepts a job in another state so she gives the property to her sister Jackie. (This is permissible to do.) Jackie owns the property until:

Accepted Answer

A)  she dies. 
B)  Maria dies. 
C)  Mike dies. 
D)  both Mike and Maria die. 
E)  both Maria and Jackie.

Question 10

Mike repaired Rosie's car and Rosie refused to pay the bill. Mike was still in possession of the car and therefore could claim a mechanic's lien on the car.

Accepted Answer

A) True 
 B)False

Question 11

Private property is a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources.

Accepted Answer

A) True 
 B)False

Question 12

Explain what eminent domain is and what must be done for it to be valid.

Accepted Answer

The answer of Explain what eminent domain is and what...

Question 13

Suzette leaves her purse at her favorite restaurant during lunch. Suzette's friend Mary, a waitress at the restaurant, sees the purse and takes it to the back office where she puts it with her own things, reminding herself to return it to Suzette when she gets off work. However, when Mary returns to the back office after her shift, she sees that many things have been stolen, including Suzette's purse. Is the restaurant liable to Suzette for the purse? Fully explain your answer.

Accepted Answer

The answer of Suzette leaves her purse at her favorite...

Question 14

What property right is granted by a landlord to a tenant, and what are the three ways in which the duration of the grant is qualified?

Accepted Answer

The answer of What property right is granted by a...

Question 15

Ned's is the only house situated directly on the shore of a small lake just outside of the city of Heart Tree. Heart Tree's city council has decided to turn the lake into a city park, complete with waterslides, theatres, and a dog park. Heart Tree claims that this park will create jobs, increase city revenues, and give the citizens of Heart Tree much needed green space. The park will be run by Geoffrey Corp., a development agency associated with Heart Tree. To create the park, Geoffrey Corp. must use all of the land surrounding the lake, so it decides to initiate condemnation proceedings on the land currently owned by Ned. How could Ned fight this, and what would be the likely result?

Accepted Answer

The answer of Ned's is the only house situated directly...

Question 16

Which of the following most accurately describes dirt in your neighbor's wheelbarrow?

Accepted Answer

A)  The dirt in the wheelbarrow is an intangible good. 
B)  The dirt in the wheelbarrow is a fixture. 
C)  The dirt in the wheelbarrow is personal property. 
D)  The dirt in the wheelbarrow is real property. 
E)  The dirt in the wheelbarrow is considered abandoned.

Question 17

A _____ deed makes no guarantees other than that the grantor surrenders all claim against the land.

Accepted Answer

A)  simple warranty 
B)  trust 
C)  quitclaim 
D)  special warranty 
E)  fiduciary

Question 18

Common carriers are not responsible for acts of God or of public enemies.

Accepted Answer

A) True 
 B)False

Question 19

A fee simple absolute represents restricted, limited ownership of personal property.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a valid bailment?

Accepted Answer

A)  Babysitting your sister's child for the weekend 
B)  House-sitting for a friend over the weekend 
C)  Feeding your neighbor's dog (who lives in the yard in a doghouse) by tossing food over the fence 
D)  Borrowing your friend's car for a day 
E)  Accidentally dropping your car keys in a restaurant

Exam 7: The Property System

Property is the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud.

An easement:

Which of the following is NOT a requirement for a successful application of adverse possession?

The courts have generally defined just compensation in terms of market value.

Seth takes his laundry to Denise's Dry Cleaners (DDC) . When Seth gets his clothes back he notices that two of his shirts, perfect when brought in, are now ripped. Which of the following is correct?

How would one determine whether found property is lost or mislaid? What are the rights of the finder of lost and mislaid property?

In a determination of private nuisance, a court will declare a nuisance based solely upon the plaintiff's showing that the defendant's use of his or her land produces an offensive result for the community.

Mike repaired Rosie's car and Rosie refused to pay the bill. Mike was still in possession of the car and therefore could claim a mechanic's lien on the car.

Private property is a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources.

Explain what eminent domain is and what must be done for it to be valid.

What property right is granted by a landlord to a tenant, and what are the three ways in which the duration of the grant is qualified?

Which of the following most accurately describes dirt in your neighbor's wheelbarrow?

A _____ deed makes no guarantees other than that the grantor surrenders all claim against the land.

Common carriers are not responsible for acts of God or of public enemies.

A fee simple absolute represents restricted, limited ownership of personal property.

Which of the following is a valid bailment?