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Exam 23: Real and Personal Property

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Question 31

Multiple Choice

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Leo borrows Mae's car to drive Nina to the airport.Considering the purpose of the bailment,Leo has the right to

A) compensation from Nina.
B) reimbursement from Mae for any parking costs.
C) use the bailed property.
D) none of the choices.

E) A) and D)
F) A) and B)

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Question 32

Multiple Choice

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Fifi,an independent contractor and technical writer,has a computer in her office.She has a copyright on her most recent work,Guide to Coding.Her tangible personal property includes

A) the computer.
B) the copyright.
C) the coding.
D) all of the choices.

E) A) and B)
F) C) and D)

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Question 33

True/False

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Zoning's only purpose is to classify land by permissible use.

Adverse possession is a means of obtaining title to land without delivery of a deed.

To widen a highway,the state of Ohio obtains,through a judicial proceeding,title to the individual lots in a residential neighborhood.A subsequent proceeding will determine

In both a tenancy in common,and a joint tenancy,each co-owner owns an undivided interest in the property.

Unless the owner of an easement or profit becomes the owner of the property burdened by it,an easement or profit cannot be terminated or extinguished.

To transfer the title to Olivia's office building to Pete by deed requires

If the bailed property has been lost,a court will presume that the bailee was negligent,which he or she can rebut by showing an exercise of due care.

A court may use the identity of the party who receives a benefit from an ordinary bailment to determine,with respect to the bailed property,the standard of

A valid deed must contain words indicating an intent to convey (transfer)the property.

To acquire property by adverse possession,the possession must be secret or clandestine.

In a bailment for the sole benefit of the bailor,the bailee need not exercise even a slight degree of care in preserving the bailed property.

Slim owns cattle,a pick-up truck,and stock in Range Corporation,which owns and operates the Big R Ranch.Capable of being involved in a bailment is

To impose a restrictive covenant on every lot in a subdivision,each lot's deed must include the restrictions or a reference to where they may be found.

Digital goods,including virtual goods,are personal property with real value.

Under the takings clause of the Fifth Amendment to the U.S.Constitution,private property may be taken for public use without "just compensation."

At the end of a bailment,the basic responsibility of a bailee is to surrender the property to the bailor or

Simply finding property and holding onto it gives the finder all legal rights in it.

Land includes the soil and water on the surface of the earth,but not the water under the surface.