Question 1

If the federal government claims part of your field for military equipment storage,it has exercised its eminent domain powers and owes just compensation.

Accepted Answer

A) True 
 B)False

Question 2

______ is the term used for the exercise of the secured property interest,which usually means that the creditor must go through the court system to ensure that procedures are properly followed before debtors lose their homes and land.

Accepted Answer

A)  Lien 
B)  Easement 
C)  Redemption 
D)  Deficiency 
E)  Foreclosure 
A)  Lien 
B)  Easement 
C)  Redemption 
D)  Deficiency 
E)  Foreclosure

Question 3

Simon's relatives come to visit him and want him to show them around the town.Linda helps Simon by lending him her car for a week.This is an example of a(n):

Accepted Answer

A)  bailment for the sole benefit of the bailor. 
B)  easement by prescription. 
C)  bailment for the sole benefit of the bailee. 
D)  bailment for the mutual benefit of the parties. 
E)  easement by necessity. 
A)  bailment for the sole benefit of the bailor. 
B)  easement by prescription. 
C)  bailment for the sole benefit of the bailee. 
D)  bailment for the mutual benefit of the parties. 
E)  easement by necessity.

Question 4

Kyle and Belinda have lived in their home for 25 years.For the duration of their time in that house,they have used a small cement walkway that passes through a large field to walk to the nearby beach.Gary owns the large field and had paved the cement walkway himself.Recently,Gary decided to build two condominiums on the field,with the walkway dividing them.After noticing Kyle and Belinda using the walkway,he yelled at them and told them that they can never use his walkway again.Gary promptly erected a large gate to prevent Kyle and Belinda from using the walkway.Because the condominiums are so large,there is no other way for Kyle and Belinda to get to the beach.What may allow Kyle and Belinda to continue using the walkway? Explain your answer.

Accepted Answer

Kyle and Belinda may argue that an easem

Question 5

Which of the following is an example of a bailment done for the sole benefit of the bailee?

Accepted Answer

A)  borrowing a laptop 
B)  renting a car 
C)  babysitting for free 
D)  finding lost or misplaced property 
E)  using a car without permission 
A)  borrowing a laptop 
B)  renting a car 
C)  babysitting for free 
D)  finding lost or misplaced property 
E)  using a car without permission

Question 6

A(n)______ means that an adjoining landowner cannot do anything that would cause your land to cave in or collapse,such as digging a ditch that would cause the land on your side to collapse.

Accepted Answer

A)  easement by prescription 
B)  negative easement 
C)  mutual benefit bailment 
D)  eminent domain 
E)  accession 
A)  easement by prescription 
B)  negative easement 
C)  mutual benefit bailment 
D)  eminent domain 
E)  accession

Question 7

In a number of states,courts have made merchants in mutual benefit bailments liable for any defect in a bailed object that causes personal injury.

Accepted Answer

A) True 
 B)False

Question 8

In the context of real property,when an object of personal property becomes an object of real property by physical annexation (attachment),it is known as a(n)______.

Accepted Answer

A)  fixture 
B)  gift 
C)  fee simple 
D)  lien 
E)  accession 
A)  fixture 
B)  gift 
C)  fee simple 
D)  lien 
E)  accession

Question 9

Stephen,a private individual,intends to bring a public nuisance claim against a textiles plant because its runoff is destroying the natural habitat of the local river's beaver population.Which of the following will permit Stephen to bring a valid claim?

Accepted Answer

A)  Stephen is the leading aquatic biodiversity scientist in the state. 
B)  Stephen traps the beavers for a living. 
C)  The state owns the textile plant. 
D)  The runoff has caused substantial damage to Stephen's property. 
E)  The governor owns the textiles plant. 
A)  Stephen is the leading aquatic biodiversity scientist in the state. 
B)  Stephen traps the beavers for a living. 
C)  The state owns the textile plant. 
D)  The runoff has caused substantial damage to Stephen's property. 
E)  The governor owns the textiles plant.

Question 10

In the property system,the state plans what people should do,and acquires and redistributes resources to them.

Accepted Answer

A) True 
 B)False

Question 11

Ken has to go to work and cannot find his car keys.After searching for 20 minutes,he finds them in the pocket of the jeans he wore the previous day.In this scenario,the keys would have been considered lost until he found them.

Accepted Answer

A) True 
 B)False

Question 12

Indirect taxes,like the progressive income tax,are authorized by the Bill of Rights.

Accepted Answer

A) True 
 B)False

Question 13

A ______ promises the grantee that the grantor has good ownership and the full power to convey it.

Accepted Answer

A)  special warranty deed 
B)  pass title deed 
C)  quitclaim deed 
D)  freehold deed 
E)  warranty deed 
A)  special warranty deed 
B)  pass title deed 
C)  quitclaim deed 
D)  freehold deed 
E)  warranty deed

Question 14

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

Accepted Answer

Things that are lost can acquire a new o

Question 15

Sarah has given 24 acres of land to Kent County as long as the land is used as a park.In this case,Kent County has a

Accepted Answer

A)  life estate. 
B)  fee simple defeasible. 
C)  fee simple absolute. 
D)  tenancy in common. 
E)  warranty deed. 
A)  life estate. 
B)  fee simple defeasible. 
C)  fee simple absolute. 
D)  tenancy in common. 
E)  warranty deed.

If the federal government claims part of your field for military equipment storage,it has exercised its eminent domain powers and owes just compensation.

______ is the term used for the exercise of the secured property interest,which usually means that the creditor must go through the court system to ensure that procedures are properly followed before debtors lose their homes and land.

Simon's relatives come to visit him and want him to show them around the town.Linda helps Simon by lending him her car for a week.This is an example of a(n):

Which of the following is an example of a bailment done for the sole benefit of the bailee?

A(n)______ means that an adjoining landowner cannot do anything that would cause your land to cave in or collapse,such as digging a ditch that would cause the land on your side to collapse.

In a number of states,courts have made merchants in mutual benefit bailments liable for any defect in a bailed object that causes personal injury.

In the context of real property,when an object of personal property becomes an object of real property by physical annexation (attachment),it is known as a(n)______.

Stephen,a private individual,intends to bring a public nuisance claim against a textiles plant because its runoff is destroying the natural habitat of the local river's beaver population.Which of the following will permit Stephen to bring a valid claim?

In the property system,the state plans what people should do,and acquires and redistributes resources to them.

Ken has to go to work and cannot find his car keys.After searching for 20 minutes,he finds them in the pocket of the jeans he wore the previous day.In this scenario,the keys would have been considered lost until he found them.

Indirect taxes,like the progressive income tax,are authorized by the Bill of Rights.

A ______ promises the grantee that the grantor has good ownership and the full power to convey it.

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

Sarah has given 24 acres of land to Kent County as long as the land is used as a park.In this case,Kent County has a

Law As a Foundation for Business

The Role of Ethics in Decision Making

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

Intellectual Property

International Law

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competitionantitrust Laws

Financial and Securities Regulations

Regulations Protecting Consumer Purchases, privacy, and Financial Activities

Environmental Regulation

Discrimination in Employment

Employment Laws

Labormanagement Relationship

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Exam 7: The Property System

If the federal government claims part of your field for military equipment storage,it has exercised its eminent domain powers and owes just compensation.

______ is the term used for the exercise of the secured property interest,which usually means that the creditor must go through the court system to ensure that procedures are properly followed before debtors lose their homes and land.

Simon's relatives come to visit him and want him to show them around the town.Linda helps Simon by lending him her car for a week.This is an example of a(n):

Which of the following is an example of a bailment done for the sole benefit of the bailee?

A(n)______ means that an adjoining landowner cannot do anything that would cause your land to cave in or collapse,such as digging a ditch that would cause the land on your side to collapse.

In a number of states,courts have made merchants in mutual benefit bailments liable for any defect in a bailed object that causes personal injury.

In the context of real property,when an object of personal property becomes an object of real property by physical annexation (attachment),it is known as a(n)______.

Stephen,a private individual,intends to bring a public nuisance claim against a textiles plant because its runoff is destroying the natural habitat of the local river's beaver population.Which of the following will permit Stephen to bring a valid claim?

In the property system,the state plans what people should do,and acquires and redistributes resources to them.

Ken has to go to work and cannot find his car keys.After searching for 20 minutes,he finds them in the pocket of the jeans he wore the previous day.In this scenario,the keys would have been considered lost until he found them.

Indirect taxes,like the progressive income tax,are authorized by the Bill of Rights.

A ______ promises the grantee that the grantor has good ownership and the full power to convey it.

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

Sarah has given 24 acres of land to Kent County as long as the land is used as a park.In this case,Kent County has a

Law As a Foundation for Business

The Role of Ethics in Decision Making

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

Intellectual Property

International Law

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competitionantitrust Laws

Financial and Securities Regulations

Regulations Protecting Consumer Purchases, privacy, and Financial Activities

Environmental Regulation

Discrimination in Employment

Employment Laws

Labormanagement Relationship

Filters