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Business
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The Legal Environment of Business
Quiz 28: The Nature and Regulation of Real Estate and the Environment
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Question 1
True/False
The remainderman is the person who becomes the owner when a life estate terminates.
Question 2
True/False
If Anne holds an easement that allows her to travel over the land owned by Alice,Anne holds an affirmative easement.
Question 3
True/False
The National Environment Policy Act took effect in 1986.
Question 4
True/False
A fee simple defeasible estate is one that will come into the owner's possession upon the occurrence of a particular event.
Question 5
True/False
A commercial easement in gross is generally non-transferrable whereas a non-commercial easement in gross is.
Question 6
True/False
A leasehold estate is one whose termination date is usually known.
Question 7
True/False
A variance permit is an exception to the requirements of a zoning ordinance.
Question 8
True/False
Tort law considers social guests as invitees as they are invited onto the premises for certain personal purposes.
Question 9
True/False
Suppose a transferor would convey land with these words "to Ben for life and then to Jane",it would mean that Ben has a life estate and after Ben's death Jane would also have a life estate.
Question 10
Multiple Choice
Ross has his house built on the border of a public watercourse in a state that follows riparian rights theory.It can be said that he:
Question 11
Multiple Choice
A widow or widower a right to a percentage often one-third) of the property of the spouse when the spouse dies.This is known as an) _____.
Question 12
True/False
The National Environment Policy Act NEPA)does not apply to purely private activities.
Question 13
True/False
Kathy had a private well dug in her land that provided water to about 10 people living in the same locality.Its protection would come under the purview of the Safe Drinking Water Act of 1974.