Business Law, 8e: Chapter 41

Chapter 41
Real Property and Joint Ownership:

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1. A chandelier permanently attached to a ceiling is considered a fixture.: a. True
b. False

2. In Palazzolo v. Rhode Island, the plaintiff alleged that the government had illegally taken his property by re-zoning his land.: a. True
b. False

3. A profit is the right to use another's land without taking anything off the land.: a. True
b. False

4. Wendy and Heather owned a vacation home as joint tenants with the right of survivorship. Wendy cannot transfer his interest in the home during her life.: a. True
b. False

5. Jane rents an apartment from Tom. During a cold winter, Jane's furnace goes out and Tom does not repair it for over 2 weeks. Jane leaves the apartment and rents another one. This might be an example of constructive eviction.: a. True
b. False

6. At common law, the landlord was liable to the tenant for injuries caused by latent defects, or defects that are not apparent, of which the landlord had knowledge.: a. True
b. False

7. Joint tenancy and tenancy in common both feature the right of survivorship.: a. True
b. False

8. Generally, the tenant has the right to the exclusive possession of the premises during the term of the lease.: a. True
b. False

9. If a person enjoys "absolute ownership" of property, no one-not even the government-may use or otherwise abridge those rights.: a. True
b. False

10. All states recognize a wife's right to community property.: a. True
b. False

11. A tenant who transfers all of his or her interest in leased property has:: a. assigned the lease.
b. sublet the property.
c. abandoned the property.
d. breached the lease.

12. Property may be taken from its private owner and the title acquired by the taking government or public authority under the power of ______________.: a. a restrictive covenant.
b. eminent domain.
c. an affirmative covenant.
d. an easement.

13. The type of tenancy created without landlord consent is a:: a. tenancy for years.
b. tenancy at sufferance.
c. tenancy at will.
d. periodic tenancy.

14. Sylvia and Morris were married and owned their home as joint tenants with rights of survivorship. Sylvia had 2 children from a previous marriage, Hazel and George. When Sylvia died, the property belonged to:: a. belongs solely to Morris by survivorship.
b. is now a joint tenancy between Morris, Hazel and George.
c. is now a tenancy in common between 50% Morris and 50% Hazel and George.
d. belongs to Morris and the state equally.

15. If a tenant leaves leased premises without cause before the end of the term:: a. the tenant will be liable for rent due up to the time the premises were abandoned.
b. the tenant will be liable for damages up to the amount of the security deposit.
c. the tenant may be liable for all the rent for the remainder of the lease term, if the landlord is unable to rent the premises to someone else.
d. the tenant will be liable for all the rent for the remainder of the lease term even if the landlord rents the premises to someone else.