Question 1

Writers acquire ownership of their work through production.

Accepted Answer

True

Question 2

Intangible personal property represents a set of rights and interests but has no real physical existence.

Accepted Answer

Intangible personal property includes things like patents, copyrights, trademarks, and other intellectual property, as well as financial assets like stocks and bonds. These assets have value and can be bought, sold, and transferred, but they do not have a physical form.

Question 3

It is presumed that a co-tenancy is a tenancy in common unless it is clear that the parties intended to establish a joint tenancy.

Accepted Answer

This is a statement of law regarding co-tenancy, where it is generally assumed that the co-tenants own the property as tenants in common unless there is evidence that they intended to establish a joint tenancy.

Question 4

If property is owned as community property,each spouse owns an undivided one-half interest in it.

Accepted Answer

This is the definition of community property. Each spouse has an equal ownership interest in community property.

Question 5

A person who holds the entire bundle of rights in property is the owner in fee simple.

Accepted Answer

This is a true statement. As the owner in fee simple, the person has complete ownership and control over the property, including the rights to sell, lease, gift, or will the property to others.

Question 6

Killing a wild animal amounts to assuming ownership of it.

Accepted Answer

The answer of Killing a wild animal amounts to assuming...

Question 7

A gift must be supported by legally sufficient consideration.

Accepted Answer

A gift is a transfer of property without the expectation of receiving anything in return. Therefore, it is not supported by consideration.

Question 8

Constructive delivery occurs when property is physically transferred.

Accepted Answer

The answer of Constructive delivery occurs when property is physically...

Question 9

A gift to a dying donee is a gift causa mortis.

Accepted Answer

The answer of A gift to a dying donee is...

Question 10

A car is tangible personal property.

Accepted Answer

A car is a physical object that can be touched and is considered tangible personal property.

Question 11

A gift causa mor?tis is effective only if the donor dies and the donee lives.

Accepted Answer

A gift causa mortis, also known as a gift in contemplation of death, is a gift made by someone who expects to die soon. It is conditional on the donor dying and the donee surviving. If the donor does not die or the donee predeceases the donor, the gift is not effective.

Question 12

There are three categories of property.

Accepted Answer

The answer of There are three categories of property....

Question 13

Property used by a government for a public purpose such as a park is community property.

Accepted Answer

The answer of Property used by a government for a...

Question 14

A joint tenant's sale of his or her interest terminates the joint tenancy.

Accepted Answer

When a joint tenant sells his or her interest in the property, it breaks the unity of title, time, interest, and possession required for a joint tenancy. As a result, the remaining joint tenants and the buyer become tenants in common, with each person owning a proportionate share of the property.

Question 15

A copyright is tangible personal property.

Accepted Answer

The answer of A copyright is tangible personal property....

Question 16

A gift is effective whether or not it is accepted.

Accepted Answer

The answer of A gift is effective whether or not...

Question 17

One cannot acquire ownership by possession by "capturing" a wild animal.

Accepted Answer

The answer of One cannot acquire ownership by possession by...

Question 18

In a tenancy in common,the fractional interests must be equal.

Accepted Answer

In a tenancy in common, the fractional interests do not have to be equal. Each tenant can own a different percentage of the property.

Question 19

Telephone services are NOT considered personal property for the purpose of criminal prosecution.

Accepted Answer

The answer of Telephone services are NOT considered personal property...

Question 20

Delivery of intangible personal property is never accomplished by constructive delivery.

Accepted Answer

The answer of Delivery of intangible personal property is never...

Quiz 37: Personal Property and Bailments