BUL 3320 Final Study material Exam
Questions and Answers
Special bailments apply to ________.
restaurateurs
childcare centers
innkeepers
doctors - ANSWER-innkeepers
A form of ownership of real property that can only be used by married couples is
________.
tenancy by the entity
joint tenancy
espoused tenacy
tenancy in common - ANSWER-tenancy by the entity
The MOST common ways of assuring marketable title include all of the following
except ________.
quiet title action
Torrens system
title insurance
attorney's opinion - ANSWER-quiet title action
A benefactor donates a plot of land to his alma mater to use as a practice field for
lacrosse, which he had played as a student there. If the land must be used for that
purpose or else the ownership right will be terminated, it is said to be a ________
estate.
, fee
life
fee simple defeasible
conditional - ANSWER-fee simple defeasible
A couple rents a storage locker at John's U-Stor-It facility during the transition from
one home to another. This is an example of a ________.
bailment for the sole benefit of the bailee
mutual benefit bailment
bailment without perceived benefit
bailment for the sole benefit of the bailor - ANSWER-mutual benefit bailment
In terms of real property, cabinets, carpeting, and doorknobs are called ________.
semi-permanent personal property
fixtures
home upgrades
decorative property - ANSWER-fixtures
NAFTA is comprised of which countries?
Canada and US
a total of eight North American countries
Canada, US, Mexico
Canada, US, Mexico, Costa Rica, Panama - ANSWER-Canada, US, Mexico
In international disputes in which there is no prior agreement on the location for legal
hearings, legal proceedings are heard in the ________.
United Nations headquarters
plaintiff's national court
Questions and Answers
Special bailments apply to ________.
restaurateurs
childcare centers
innkeepers
doctors - ANSWER-innkeepers
A form of ownership of real property that can only be used by married couples is
________.
tenancy by the entity
joint tenancy
espoused tenacy
tenancy in common - ANSWER-tenancy by the entity
The MOST common ways of assuring marketable title include all of the following
except ________.
quiet title action
Torrens system
title insurance
attorney's opinion - ANSWER-quiet title action
A benefactor donates a plot of land to his alma mater to use as a practice field for
lacrosse, which he had played as a student there. If the land must be used for that
purpose or else the ownership right will be terminated, it is said to be a ________
estate.
, fee
life
fee simple defeasible
conditional - ANSWER-fee simple defeasible
A couple rents a storage locker at John's U-Stor-It facility during the transition from
one home to another. This is an example of a ________.
bailment for the sole benefit of the bailee
mutual benefit bailment
bailment without perceived benefit
bailment for the sole benefit of the bailor - ANSWER-mutual benefit bailment
In terms of real property, cabinets, carpeting, and doorknobs are called ________.
semi-permanent personal property
fixtures
home upgrades
decorative property - ANSWER-fixtures
NAFTA is comprised of which countries?
Canada and US
a total of eight North American countries
Canada, US, Mexico
Canada, US, Mexico, Costa Rica, Panama - ANSWER-Canada, US, Mexico
In international disputes in which there is no prior agreement on the location for legal
hearings, legal proceedings are heard in the ________.
United Nations headquarters
plaintiff's national court
