FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 23: Real and Personal Property

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 41

Multiple Choice

Review LaterAdd Note

Review Later

After shopping at a Cut-Price store,Dyan finds a fitness watch in her bag of purchases that she knows she did not pay for.Dyan fails to return the watch to the store or to pay for it.This is acquisition of property by

A) possession.
B) conversion.
C) gift.
D) production.

E) None of the above
F) A) and C)

Correct Answer

verified

Show Answer

Question 42

True/False

Review LaterAdd Note

Review Later

Tile and carpeting permanently attached to the floor of a house are most likely intended to be fixtures.

A) True
B) False

Correct Answer

verified

Show Answer

Question 43

Multiple Choice

Review LaterAdd Note

Bayside Inc.pays Coastal Marina to release its claim to a strip of waterfront property.Coastal gives Bayside a deed that conveys only whatever interest Coastal has in the strip.This deed is

Mines Inc.installs an industrial-quality wastewater system bolted to a concrete foundation on its property and connected to an underground aquifer.A court is most likely to consider the system a fixture because

Delivery Inc.agrees to pick up a truckload of merchandise for Exporters Corporation and store the contents to be delivered later.Delivery's obligation to deliver the load to Exporters is most likely to be excused if the contents are

Logging Corporation has a right to go onto Mount Timber Company's land and harvest select trees.Logging's right is

Earl buys a fishing license and goes fishing.He catches a trout,cleans it,cooks it,and eats it.Earl's acquisition of the trout is by

Brick & Mortar Inc.signs a lease for a storefront owned by Commercial Properties Inc.The lease does not specify how long it is to last but does specify that rent is to be paid at certain intervals.This is

Inadvertently,Brie loses her textbook during an afternoon in City Park.She eventually gives up any attempt to find it.The textbook will then most likely be considered

A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.

A fee simple absolute is an estate or interest in land with no limits in terms of disposition or duration.

To obtain the title to land without delivery of a deed,one person must possess the property of another