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Unit 4 Test Review 22-41
Test Description: Part 2 of Unit 4 Review
Instructions: Answer all questions to get your test result.
1) Which of the following statements represents an inaccurate understanding of bailment relations?
A
both parties intend to return the goods
B
the subject of bailment can be both personal and real property
C
a transfer of temporary control takes place
D
a transfer of temporary possession takes place
2) Maurice is hired to work as a security guard at Coastline Computers where he guards the manufacturing and storage facility for Coastline's computers. Which of the following accurately reflects Maurice's relationship?
A
Maurice is a bailor
B
Coastline is a bailee
C
Maurice has custody of the computers and is not a bailee
D
none of these
3) A test for distinguishing real and personal property is
A
attachment
B
mobility
C
all of these
D
adaptation
4) Jamika owns a home and land in which she raises maple trees. The sap from these trees is periodically extracted and sold for maple syrup but the trees remain unharvested. Which of the following is true?
A
The home and the trees themselves are both considered real property.
B
The home and the sap are both considered personal property
C
The home and the sap from the trees are both considered real property
D
The home is real property but the trees are personal property
5) Gabe purchases a piece of land in Texas. His neighbor, Emil, begins drilling for natural gas. After several months, Emil is able to extract gas but the pool of gas extends under both pieces of property. Emil would own these gases because of the
A
doctrine of adverse possession
B
doctrine of abutment
C
doctrine of eminent domain
D
doctrine of capture
6) A notice of termination is required for
A
tenancy for years
B
periodic tenancy
C
all of these
D
tenancy at will
7) If a lease is for a period of ten months, it is
A
a tenancy at will
B
a tenancy for years
C
a periodic tenancy
D
a tenancy for month to month
8) The leasehold estate that can be terminated at any time is
A
tenancy for years
B
period tenancy
C
tenancy at sufferance
D
tenancy for month to month
9) When a tenant transfers the entire interest in the lease to a third person,
A
an assignment of a lease takes place
B
the new tenant is liable for the conditions oft the lease
C
all of these
D
the original tenant remains liable for the conditions of the lease
10) Duties of the tenant do not include
A
paying rent on time
B
replacing the roof
C
general maintenance of the property
D
making minor repairs
11) A landlord may evict a tenant
A
if the tenant has failed to make minor repairs
B
if the tenant is not staying on the premises even though the rent has been paid
C
if the landlord has a better offer of rent
D
if the tenant fails to pay rent
12) The implied warranty of habitability is the responsibility of the
A
landlord
B
community
C
tenant
D
Fair Housing Act
13) Landlords can be held liable for
A
discrimination
B
all of these
C
injuries due to faulty conditions of the common areas
D
injuries resulting from defective concealed conditions within the tenant's exclusive possession
14) At the end of his one-year lease, Tony continued to occupy his apartment and failed to procure another lease. What type of tenancy does Tony have?
A
tenancy from month to month
B
none
C
tenancy at sufferance
D
tenancy at will
15) When an insurance company makes payment for a loss to a suffering party, the insurance company is said to
A
benefit the loss
B
idemnify the loss
C
endorse the loss
D
none of these
16) The stated maximum amount of money that can be paid on an insurance policy is the
A
benefit
B
face value
C
endorsement
D
premium
17) The type of insurance that covers structural loss due to rain, hail, earthquake, and windstorm is
A
fire
B
inland marine
C
fidelity
D
social
18) The type of insurance that covers automobile, burglary, disability, and liability would be
A
inland marine
B
social
C
casualty
D
fidelity
19) Insurance providing protection against claims of parties who suffer injury or other loss as a result of negligence committed by the insured would be
A
fidelity
B
social
C
liability
D
inland marine
20) Automobile insurance coverage indemnifying insureds for damage to their own vehicles is
A
none of these
B
both collision and comprehensive
C
collision
D
comprehensive
*select an answer for all questions
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