CH 9 Review Questions

A finder acquires title to lost property good against the whole world, including the original owner. T/F

False

Under the covenant of quiet enjoyment, a landlord promises that a ten¬ant will not be disturbed in the possession of the premises. T/F

True

Upon the death of a tenant by the entirety, the property of that tenant goes to the surviving spouse. T/F

True

When a joint tenant passes away, the property of that tenant is divided among the other joint tenants. T/F

True

Baker owns a life estate in Greenacres Farm. On Baker's death, fee simple absolute ownership of the land will pass to Betty. Betty has which of the following? a. A future interest b. A leasehold c. An easement d. A life estate

a. A future interest

Which of the following is true about a leasehold? a. It is a possessory, not an ownership interest. b. It is an ownership, not a possessory interest. c. The lessee has less rights than does the holder of a future interest. d. The lessee has more rights than does the holder of an easement.

a. It is a possessory, not an ownership interest.

Which of the following is the most common form of co-ownership? a. Tenancy in common b. Joint tenancy c. Leasehold d. Cooperative e. Condominium

a. Tenancy in common

Gifts are different from purchases in that a. there is no consideration for a gift. b. gifts involve private property, purchases involve public property. c. gifts involve personal property, purchases involve real property. d. a purchase requires delivery and acceptance.

a. there is no consideration for a gift.

Which of the following is an example of a "fixture"? a. A portable television set left behind by the tenant b. A built-in microwave oven installed by the tenant c. Clothing left behind by the tenant d. The back yard of a residential lot

b. A built-in microwave oven installed by the tenant

Which of the following could Gerry protect by trademark law? a. A short story hand-written by Gerry. b. A logo used to identify Gerry's business c. The product formula Gerry uses to manufacture his famous iced tea. d. The bottling machine Gerry purchased from a friend

b. A logo used to identify Gerry's business

Which of the following is an example of a bailment? a. Mary sells her guitar to Paul. b. Mary leaves her guitar with Paul for the afternoon to try it out c. Mary gives her guitar to Paul. d. Mary writes in her will that her guitar should go to Paul upon her passing

b. Mary leaves her guitar with Paul for the afternoon to try it out

Shawn's property is landlocked. The only possible say to the main road is through Ben's farm. Which of the following property interests would most likely exist? a. Shawn has a conditional estate to use Ben's property. b. Shawn has an easement by necessity to use Ben's property. c. Shawn has an easement by prescription to use Ben's property. d. Shawn has a leasehold interest in Ben's property. e. Shawn has a possessory interest by adverse possession.

b. Shawn has an easement by necessity to use Ben's property.

Grace has a temporary right to enter a business for the purpose of purchasing goods or services. Which of the following property rights does Grace have? a. Present estate b. Leasehold c. License d. Easement e. Future estate

c. License

Which of the following could Liz protect using trade secret law? a. A short story written by Liz on her typewriter. b. A logo used to identify Liz's business. c. The product formula Liz uses to manufacture her famous energy drink d. The bottling machine Liz purchased from a friend

c. The product formula Liz uses to manufacture her famous energy drink

Which of the following cases best describes an easement by prescription? a. Wally leases a barn to a friend for the purpose of storing furniture. b. Amps Power Company enters into a written agreement with Wally to install power lines in Wally's front yard. c. The state takes Wally's property by eminent domain. d. A neighbor openly uses Wally's back yard as a short cut to a park a few times per week for thirty years.

d. A neighbor openly uses Wally's back yard as a short cut to a park a few times per week for thirty years.