Law of Contracts Final Exam [100% PASS] /verified/

Law of Contracts Final Exam [100% PASS] /verified/ Following are not included in the description of land? *Ans* A sewer system A man owns 200 acres of prime hunting land. He has had a problem in the past with people using the land without his permission. He decides to post a no trespassing sign to prevent this in the future. The man is exercising his *Ans* Right of exclusion Fee simple ownership, shared walls, and a fractional interest in common areas are all characteristics of *Ans* Town-house ownership A woman rents space in a commercial building where she operates a bookstore. In the bookstore, she has installed large reading tables fastened to the walls and bookshelves that create aisles from the front of the store to the back. These shelves are bolted to both the ceiling and the floor. Which of the following BEST characterizes the contents of the bookstore? *Ans* The shelves and tables are trade fixtures and may properly be removed by the woman before her lease expires. Which of the following is a physical characteristic of land? *Ans* Indestructibility Enacting zoning ordinances is an example of which government power? *Ans* Police power All of the following are true about estates in real property except *Ans* They are created by deed or bill of sale Which of these forms of business organization combines the most attractive features of limited partnerships and corporations? *Ans* Limited liability company (LLC) A corporation is a legal entity created under the authority of *Ans* The laws of t