Quiz: Final Exam
Due Mar 8 at 11:59pm
Points 100
Questions 50
Time Limit 240 Minutes
Instructions
The exam:
Covers the Textbook material from Module 8: Week 8.
Contains 50 multiple-choice, short answer, and true/false questions.
Is limited to 4 hours.
Allows 1 attempt.
Is worth 100 points.
Open book / open notes
Submit this assignment by 11:59 p.m. (ET) on Monday of Module 8: Week 8.
Attempt History
Attempt Time Score
LATEST Attempt 1 104 minutes 56 out of 100 *
* Some questions not yet graded
Correct answers are hidden.
,Score for this quiz: 56 out of 100 *
Submitted Mar 8 at 3:55pm
This attempt took 104 minutes.
IncorrectQuestion 1
pts
Strong Construction accepted bids for its bid to build homes in the Hillcrest
Development. Fred’s Framing submitted a bid that Strong used in his bid.
Strong got the project and then Fred’s backed out of its bid. Which of the
following is correct with respect to Strong’s rights?
Fred’s only made an offer, so it is free to withdraw
Fred’s is bound to perform for the bid price submitted
Fred’s is bound to perform, but can raise the price
Fred’s is bound to perform if Strong accepted
Question 2
pts
Saxon Estates is a subdivision of single-family homes. All of the homes in
Saxon Estate are the same color on the outside stucco with the same flat-tile
roofs. When the real estate market experienced a downturn in 2008, the
builder went bankrupt and 27 lots remained in Saxon Estates with no houses
on them. As individuals began to buy the lots from the bankruptcy trustee
and build homes on those lots, they were using colors different from the one
color and not all were installing tile roofs. The existing homeowners are
concerned about the effect these homes with different external components
will have on the value of their homes. Which of the following best describes
their situation?
Unless there were CCRs requiring the external design elements there is
nothing the homeowners can do
, Unless the buyers from the bankruptcy trustees were told about the pattern
on the external appearance, they need not comply
The doctrine of equitable servitudes provides the homeowners with
protection for the consistency of their development
The homeowners have no protections when a ghost development is turned
over to a new developer
Question 3
pts
TG&I Industries, Inc., has had a portion of its factory site designated as a
CERCLA clean-up area. The cost of the clean-up will be $675,000. The
assessor has valued TG&I's plant at $7,000,000. TG&I wants that value
reduced by the $675,000.
It is against public policy to give TG&I a credit for environmental clean-up
costs.
TG&I is entitled to the credit of $675,000 only if it did not contaminate the
site.
TG&I is entitled to a $675,000 credit.
TG&I is entitled to one-half of $675,000 as a credit.
IncorrectQuestion 4
pts
A master-planned community:
Is unconstitutional.
Due Mar 8 at 11:59pm
Points 100
Questions 50
Time Limit 240 Minutes
Instructions
The exam:
Covers the Textbook material from Module 8: Week 8.
Contains 50 multiple-choice, short answer, and true/false questions.
Is limited to 4 hours.
Allows 1 attempt.
Is worth 100 points.
Open book / open notes
Submit this assignment by 11:59 p.m. (ET) on Monday of Module 8: Week 8.
Attempt History
Attempt Time Score
LATEST Attempt 1 104 minutes 56 out of 100 *
* Some questions not yet graded
Correct answers are hidden.
,Score for this quiz: 56 out of 100 *
Submitted Mar 8 at 3:55pm
This attempt took 104 minutes.
IncorrectQuestion 1
pts
Strong Construction accepted bids for its bid to build homes in the Hillcrest
Development. Fred’s Framing submitted a bid that Strong used in his bid.
Strong got the project and then Fred’s backed out of its bid. Which of the
following is correct with respect to Strong’s rights?
Fred’s only made an offer, so it is free to withdraw
Fred’s is bound to perform for the bid price submitted
Fred’s is bound to perform, but can raise the price
Fred’s is bound to perform if Strong accepted
Question 2
pts
Saxon Estates is a subdivision of single-family homes. All of the homes in
Saxon Estate are the same color on the outside stucco with the same flat-tile
roofs. When the real estate market experienced a downturn in 2008, the
builder went bankrupt and 27 lots remained in Saxon Estates with no houses
on them. As individuals began to buy the lots from the bankruptcy trustee
and build homes on those lots, they were using colors different from the one
color and not all were installing tile roofs. The existing homeowners are
concerned about the effect these homes with different external components
will have on the value of their homes. Which of the following best describes
their situation?
Unless there were CCRs requiring the external design elements there is
nothing the homeowners can do
, Unless the buyers from the bankruptcy trustees were told about the pattern
on the external appearance, they need not comply
The doctrine of equitable servitudes provides the homeowners with
protection for the consistency of their development
The homeowners have no protections when a ghost development is turned
over to a new developer
Question 3
pts
TG&I Industries, Inc., has had a portion of its factory site designated as a
CERCLA clean-up area. The cost of the clean-up will be $675,000. The
assessor has valued TG&I's plant at $7,000,000. TG&I wants that value
reduced by the $675,000.
It is against public policy to give TG&I a credit for environmental clean-up
costs.
TG&I is entitled to the credit of $675,000 only if it did not contaminate the
site.
TG&I is entitled to a $675,000 credit.
TG&I is entitled to one-half of $675,000 as a credit.
IncorrectQuestion 4
pts
A master-planned community:
Is unconstitutional.
