BUL 3130 Real Property, Personal Property, Insurance Quiz

An example of personal property is: A house A car A trademark A 100-acre tract of land

A car

How does the court define "public use" in the Kelo case? A purpose that helps more than it hurts. A purpose that benefits surrounding landowners. A purpose that eliminates blight. None of the above

A purpose that eliminates blight.

Which of the following is not an example of a bailment? A woman boards her horse at a stable A woman leaves a purebred dog outside her ex-husband's home A family engages a marina to house a yacht A man parks his car in a downtown parking garage for a $10 fee

A woman leaves a purebred dog outside her ex-husband's home

Which of the following is not an example of accession: A woman buys a pregnant horse, and then owns both the horse and its offspring A man buys 50 acres; 10 years later the man sells the trees on the land for a profit A man buys a car for $10,000, but the engine in the car is worth $20,000, and the man sells the car for a profit 2 days later All of the above are examples of accession

All of the above are examples of accession

John grants Jacob the right to use a strip of John's farm so that Jacob can plant sunflowers to harvest. In the written agreement between John and Jacob, John cannot revoke Jacob's rights at any time, and Jacob's rights are perpetual. Jacob has a(n) _______________. Lease Easement License Life Estate

Easement

A utility company wants the right to place utility lines on a landowner's property, so the utility company asks the landowner to grant an easement. The resulting easement is most likely a(n) ________________. Express easement Easement by Necessity Easement by Prescription None of the above

Express easement

A giver of a gift can take the gift back from the recipient at any time. True False

False

A property owner who owns his property in fee simple does not have to abide by zoning regulations. True False

False

There is no equivalent to homeowner's insurance for renters. True False

False

An easement is a type of non-possessory interest in real property. True False

True

Kathy puts her Rolex in a safe deposit box in the bank. Ten (10) years later, Kathy's daughter, Michele, goes to the bank and takes the Rolex from the safe deposit box. If Kathy sues Michele to try to get the Rolex back, will Kathy win? Yes No

Yes

Kathy puts her Rolex in a safe deposit box in the bank. Ten (10) years later, her daughter, Michele, goes to the bank and takes the Rolex from the safe deposit box. If the bank sues Michele to try to get the Rolex back, will the bank win? Yes No

Yes

What type of insurance can a real property owner obtain to insure an ownership interest in real property? Title insurance Homeowner's insurance Easement insurance Underwriting insurance

Title insurance

John grants Jacob the right to use a strip of John's farm so that Jacob can plant sunflowers to harvest. In the written agreement between John and Jacob, John can revoke Jacob's rights at any time. Jacob has a(n) _______________. Leasehold estate Easement License Life Estate

License

John grants Jacob the right to use a strip of John's farm so that Jacob can plant sunflowers to harvest. In the written agreement between John and Jacob, John says "Jacob can use a strip of land on my property as long as he uses it to plant sunflowers". Jacob plants tulips on John's land. Jacob has a(n) _______________. Express easement License Life estate No interest

No interest

Which of the following is an element of adverse possession? Non-adversarial Less than 7 years Non-exclusive Open and notorious

Open and notorious