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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
a transfer of temporary possession takes place
C
the subject of bailment can be both personal and real property
D
a transfer of temporary control 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
none of these
B
Maurice is a bailor
C
Maurice has custody of the computers and is not a bailee
D
Coastline is a bailee
3) A test for distinguishing real and personal property is
A
all of these
B
attachment
C
mobility
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 sap from the trees are both considered real property
B
The home and the sap are both considered personal property
C
The home and the trees themselves 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 eminent domain
B
doctrine of abutment
C
doctrine of capture
D
doctrine of adverse possession
6) A notice of termination is required for
A
periodic tenancy
B
tenancy for years
C
tenancy at will
D
all of these
7) If a lease is for a period of ten months, it is
A
a tenancy for years
B
a tenancy for month to month
C
a periodic tenancy
D
a tenancy at will
8) The leasehold estate that can be terminated at any time is
A
tenancy for month to month
B
tenancy for years
C
tenancy at sufferance
D
period tenancy
9) When a tenant transfers the entire interest in the lease to a third person,
A
the new tenant is liable for the conditions oft the lease
B
all of these
C
an assignment of a lease takes place
D
the original tenant remains liable for the conditions of the lease
10) Duties of the tenant do not include
A
general maintenance of the property
B
making minor repairs
C
paying rent on time
D
replacing the roof
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 tenant fails to pay rent
D
if the landlord has a better offer of rent
12) The implied warranty of habitability is the responsibility of the
A
community
B
landlord
C
tenant
D
Fair Housing Act
13) Landlords can be held liable for
A
all of these
B
discrimination
C
injuries resulting from defective concealed conditions within the tenant's exclusive possession
D
injuries due to faulty conditions of the common areas
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 at will
B
tenancy from month to month
C
tenancy at sufferance
D
none
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
endorse the loss
C
idemnify the loss
D
none of these
16) The stated maximum amount of money that can be paid on an insurance policy is the
A
face value
B
premium
C
benefit
D
endorsement
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
casualty
B
inland marine
C
fidelity
D
social
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
liability
B
inland marine
C
fidelity
D
social
20) Automobile insurance coverage indemnifying insureds for damage to their own vehicles is
A
both collision and comprehensive
B
collision
C
comprehensive
D
none of these
*select an answer for all questions
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