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Exam (elaborations)

BUSA 2106 - PROPERTY SYSTEMS QUESTIONS WITH VERIFIED ANSWERS

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BUSA 2106 - PROPERTY SYSTEMS QUESTIONS WITH VERIFIED ANSWERS

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BUSA 2106 - PROPERTY SYSTEMS QUESTIONS WITH
VERIFIED ANSWERS


Correct 112

Incorrect 00




1 of 112

Term



An owner's use of land that causes damage or inconvenience to the
general public



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public nuisance

private nuisance
E.g : Dischargin industrial waste
to public rivers




they are security interests in valuable
things we can touch (physical things) objects that serve as protection to
lenders


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, 2 of 112

Term



In the context of secured transaction, an attribute of collateral is that



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they are security interests in
tort of conversion and crime of
valuable objects that serve as
larceny
protection to lenders




public nuisance

intangible personal property
E.g : Dischargin industrial waste to
public rivers


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3 of 112

Definition



personal property



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Real property law applies to
land and interests in land. All
Concurrent ownership

, other resources are protected
by _____________ law

maximum estate allowed under law Donor


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4 of 112

Definition



e.g : enviornmental laws



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Property is___________ to the legal Public nuisance can also violate
environment of business. various regulatory laws




The property granted to tenants What is the basis for all property as
(lessees) by a landlord (lessor) per John Locke?


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, 5 of 112

Definition



It promises the grantee that the grantor has a good ownership and the
full power to Convery it.



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donee bailment has 3 categories




examples of bailments warranty deed


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6 of 112

Definition



Join tenancy



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A property ownership that is
A type of document to secure an
undivided (common) and equal
extension of credit through an
between 2 or more owners.
interest in the land purchased
Permits survivorship

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