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Business Law Study Set 2
Quiz 48: Real Property and Landlord-Tenant Relationships
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Question 41
Multiple Choice
Lucky owns Mud Flats Ranch, which is situated on certain Nevada acreage. The exterior boundaries of the land extend
Question 42
Multiple Choice
Jody and Kent each own one-half of Local Motion, a club, as a tenant in common. Kent sells his interest to Meri, who now owns
Question 43
Multiple Choice
Ian and Jackie take title to a drive-through Koffee Kiosk in such a way that if one dies, the other will be the sole owner. Ian and Jackie own the kiosk as
Question 44
Multiple Choice
Jamal signs a lease with Kelvin to occupy a house on Leech Lake in Minnesota for the summer. Jamal's tenancy is
Question 45
Multiple Choice
Utility Power Company has the right to run its power lines across Velma's land. This is
Question 46
Multiple Choice
Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, in?cluding extracting silver from an existing mine, for life. Patsy also has the right to lease the land for a period not to exceed her life. This ownership interest is
Question 47
Multiple Choice
Glen, the owner of Harvest Farm, and Ima, the tenant of the farmhouse on the property, may create a tenancy for years by
Question 48
Multiple Choice
Fact Pattern 48-1A Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses. -Refer to Fact Pattern 48-1A. Nika's ownership interest is
Question 49
Multiple Choice
With respect to Egor's land, Fig has an easement, Gabe has a profit, and Huck has a license. A right to possess the land is owned by
Question 50
Multiple Choice
Kelly and Lon are married and own a hunting lodge in Montana in such a way that neither may transfer separately his or her interest during his or her lifetime. Kelly and Lon own the lodge as
Question 51
Multiple Choice
Orin owns Pilot's Landing Office Park. His ownership rights include the right to sell or give away the property without restriction, as well as the right to com?mit waste, if she chooses. Orin's ownership interest is
Question 52
Multiple Choice
Fact Pattern 48-1A Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses. -Refer to Fact Pattern 48-1A. Nika conveys some of her land to Reggie with the right to possess and use the property for a certain period of time. Nika has given Reggie
Question 53
Multiple Choice
Fact Pattern 48-1A Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses. -Refer to Fact Pattern 48-1A. Nika deeds some of her land to Polly. The deed states, "To Polly, for life, then to Quay." Nika has given Polly
Question 54
Multiple Choice
Luke owns a farm near Marshalltown, Iowa, with stands of trees serving as windbreaks. Luke grows corn on the property. When Luke sells the farm to Nina, if the contract does not specify otherwise, the sale includes
Question 55
Multiple Choice
Elsie and Frida buy a condo near the beach in Gulf Shores, Alabama. On the death of either owner, that owner's interest in the condo passes to her heirs. This is
Question 56
Multiple Choice
Rafe signs a one-year lease with Suki to occupy an apartment in Lawrence, Kansas, near the University of Kansas. Rafe needs the apartment only for two semesters and may have to sublet it for the rest of the term. Rafe's tenancy is
Question 57
Multiple Choice
Rural Holding Company (RHC) possesses farmland. RHC has the right to use the property, including harvesting the crops, for ten years. RHC does not have the right to extract the coal under the land. This is