Question 1 of 20 | 5.0 Points |
A possession interest in which the lease continues for successive periods for the same length of time-weekly, monthly, or annually-and is automatically renewed at the end of the period is a:
| | A. periodic tenancy. |
| | B. tenancy for years. |
| | C. tenancy at will. |
| | D. tenancy at sufferance. |
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Question 2 of 20 | 5.0 Points |
A landlord's promise that the premises have no defects that would impair the health, safety, or wellbeing of the occupants is an implied warranty of:
| | A. merchantability. |
| | B. habitability. |
| | C. safety. |
| | D. title. |
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Question 3 of 20 | 5.0 Points |
The landlord has the right to collect the agreed-upon rent as provided in the:
| | A. sale deed. |
| | B. quitclaim deed. |
| | C. hire purchase deed. |
| | D. lease agreement. |
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Question 4 of 20 | 5.0 Points |
When tenants transfer their entire interest in property for the remaining term of a lease it is a(n):
| | A. leasehold. |
| | B. sublease. |
| | C. eviction. |
| | D. assignment. |
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Question 5 of 20 | 5.0 Points |
An agreement in which a suitcase is left with a railroad station checkroom is a:
| | A. bailment for the sole benefit of the bailee. |
| | B. bailment for the sole benefit of the bailor. |
| | C. mutual-benefit bailment. |
| | D. constructive bailment. |
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Question 6 of 20 | 5.0 Points |
A guest whose stay is relatively uncertain is known as a:
| | A. traveler. |
| | B. customer. |
| | C. transient. |
| | D. temporary. |
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Question 7 of 20 | 5.0 Points |
An individual or firm in the business of transporting goods between certain points as allowed by the various state commissions that regulate the carriers is known as a __________ carrier.
| | A. business |
| | B. government |
| | C. public |
| | D. common |
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Question 8 of 20 | 5.0 Points |
The law requires that a common carrier must accept all shipments that it is authorized to:
| | A. purchase. |
| | B. handle. |
| | C. hypothecate. |
| | D. pledge. |
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Question 9 of 20 | 5.0 Points |
__________ is the right of an owner of property such as plants or animals to increase in the property. The owner of a cow, for example, owns the calves born to the cow.
| | A. Statutory right |
| | B. Accession |
| | C. Legal right |
| | D. Anticipation |
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Question 10 of 20 | 5.0 Points |
Ownership is held in __________ when all the rights of ownership in a particular piece of property are held by one person.
| | A. severalty |
| | B. solitary |
| | C. defiance |
| | D. accession |
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Question 11 of 20 | 5.0 Points |
When two or more persons own equal shares of a property then it is called:
| | A. severalty. |
| | B. co-ownership. |
| | C. joint tenancy. |
| | D. multiparty. |
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Question 12 of 20 | 5.0 Points |
The owner of a freehold estate who holds the estate absolutely is said to hold it in:
| | A. accession. |
| | B. easements. |
| | C. life estates. |
| | D. fee simple. |
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Question 13 of 20 | 5.0 Points |
In a property, a person who holds a freehold estate only for his or her lifetime is said to hold a(n) __________ in the property.
| | A. accession |
| | B. precession |
| | C. life estate |
| | D. benefit |
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Question 14 of 20 | 5.0 Points |
A living trust is also known as a(n) __________ trust.
| | A. testamentary |
| | B. contemporary |
| | C. inter vivos |
| | D. constructive |
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Question 15 of 20 | 5.0 Points |
The responsibility of the trustee is that of a(n):
| | A. fiduciary. |
| | B. probationary. |
| | C. stationary. |
| | D. exemplary. |
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Question 16 of 20 | 5.0 Points |
A person who makes a will is known as a(n):
| | A. testator. |
| | B. administrator. |
| | C. executor. |
| | D. trustee. |
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Question 17 of 20 | 5.0 Points |
If the personal representative has been named in the will, he or she is known as the:
| | A. executor. |
| | B. administrator. |
| | C. testator. |
| | D. legacy. |
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Question 18 of 20 | 5.0 Points |
A formal printed will must be signed by the testator and:
| | A. executed. |
| | B. scripted. |
| | C. witnessed. |
| | D. supplemented. |
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Question 19 of 20 | 5.0 Points |
An agreement reached between a bailor and a bailee is a:
| | A. mortgage. |
| | B. bailout. |
| | C. bailment. |
| | D. codicil. |
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Question 20 of 20 | 5.0 Points |
Legally, property other than land, including both tangible property and intangible property, is considered __________ property.
| | A. real |
| | B. personal |
| | C. intangible |
| | D. transient |
mikpau
13 years ago
5
law_questions.docx
