Legal Aspects of Real Estate Chapter 1
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Which body of law is designed to protect the public from harm?
Personal Property law
Civil law
Criminal law
Tort law - CORRECT ANSWER - Criminal Law
All of the following are types of monetary damages EXCEPT
restitution.
passive.
compensatory.
nominal. - CORRECT ANSWER - Passive
In a civil case, the primary goal is to compensate the injured party for the damage done to him or
her by
establishing a case precedent.
awarding either a legal remedy or equitable remedy.
not providing an equitable remedy.
requiring a specific performance from the plaintiff. - CORRECT ANSWER - awarding
either a legal remedy or equitable remedy.
Which of the following is NOT a purpose of laws in our society?
To make associations between individuals and governments
To set standards
To settle disputes
, To safeguard liberties and rights - CORRECT ANSWER - To make associations between
individuals and governments
What kind of appeal cases go straight to the California Supreme Court?
Civil
Murder
Death penalty
Fraud - CORRECT ANSWER - Death Penalty
Which of the following is NOT an important source of law in the United States?
International law
United States Constitution
Local ordinances
Rulings of federal, state, and local agencies - CORRECT ANSWER - International Law
Certain amendments will be of particular interest to real estate professionals because
they discuss real estate transactions.
they impact property rights.
everyone should know the amendments.
they explain implied powers. - CORRECT ANSWER - they impact property rights
Which of the following is not an equitable remedy?
Liquidated Damages
Rescission
Quiet title
Foreclosure - CORRECT ANSWER - Liquidated Damages
Another name for common law, which is the overall accumulation of judicial decisions is what?
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Which body of law is designed to protect the public from harm?
Personal Property law
Civil law
Criminal law
Tort law - CORRECT ANSWER - Criminal Law
All of the following are types of monetary damages EXCEPT
restitution.
passive.
compensatory.
nominal. - CORRECT ANSWER - Passive
In a civil case, the primary goal is to compensate the injured party for the damage done to him or
her by
establishing a case precedent.
awarding either a legal remedy or equitable remedy.
not providing an equitable remedy.
requiring a specific performance from the plaintiff. - CORRECT ANSWER - awarding
either a legal remedy or equitable remedy.
Which of the following is NOT a purpose of laws in our society?
To make associations between individuals and governments
To set standards
To settle disputes
, To safeguard liberties and rights - CORRECT ANSWER - To make associations between
individuals and governments
What kind of appeal cases go straight to the California Supreme Court?
Civil
Murder
Death penalty
Fraud - CORRECT ANSWER - Death Penalty
Which of the following is NOT an important source of law in the United States?
International law
United States Constitution
Local ordinances
Rulings of federal, state, and local agencies - CORRECT ANSWER - International Law
Certain amendments will be of particular interest to real estate professionals because
they discuss real estate transactions.
they impact property rights.
everyone should know the amendments.
they explain implied powers. - CORRECT ANSWER - they impact property rights
Which of the following is not an equitable remedy?
Liquidated Damages
Rescission
Quiet title
Foreclosure - CORRECT ANSWER - Liquidated Damages
Another name for common law, which is the overall accumulation of judicial decisions is what?
