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Business
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Business Law
Quiz 50: A: Real Property Landlord-Tenant Relationships
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Question 21
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 22
Multiple Choice
Oak Grove Residences,Inc. ,owns apartment buildings.Pedro leases one of Oak Grove's apartments.Pedro's transfer of his interest in the lease to Quito for a period shorter than the lease term is
Question 23
Multiple Choice
Bren leases an apartment from Cris for one year.After two months,she sublets the premises for the next six months to Dee,without obtaining Cris's con?sent.Dee pays the rent for only four months.For the last two months of Dee's six-month term,Bren is
Question 24
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 25
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 26
Multiple Choice
Edna and Flavia buy a boat that they dock in a marina near Gulfport,Mississippi.On the death of either owner,that owner's interest in the boat passes to her heirs.This is
Question 27
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 28
Multiple Choice
Property Management Corporation (PMC) owns several apartment buildings in two states.Regarding standards for maintenance of the build?ings,PMC should consult
Question 29
Multiple Choice
Consumer Shops,Inc. ,signs a lease for a storefront owned by Downtown Building Company.Unlike a purchaser of real property,Consumer Shops
Question 30
Multiple Choice
Cornucopia Farms LLC possesses farmland.Cornucopia has the right to use the property,including harvesting the crops,for ten years.Cornucopia does not have the right to extract the coal under the land.This is