Business & Finance Chapter 8 If a condition was attached to the sale of a home that said

subject Type Homework Help
subject Pages 9
subject Words 1924
subject Authors Al H. Ringleb, Frances L. Edwards, Roger E. Meiners

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
71. If a condition was attached to the sale of a home that said it could not have dog kennels on the property that would
be likely known as a covenant.
a. True
b. False
72. A covenant that violates public policy, such as one that restricts the sale of property to minorities, is not
enforceable.
a. True
b. False
73. In Thayer v. Hollinger, the Montana high court held that the seller of property, who retained ownership of
adjoining property and shared a common road, must allow buyers of property to have an easement to use trails
on the seller's property so long as they connected to the road.
a. True
b. False
page-pf2
74. In Thayer v. Hollinger, the Montana high court held that the seller of property, who retained ownership of
adjoining property and shared a common road, had not granted buyers an easement to use trails on the seller's
property.
a. True
b. False
75. In Thayer v. Hollinger, the Montana high court held that the seller of property, who retained ownership of
adjoining property and shared a common road, had granted an easement by adverse possession to buyers of
property so they could use trails on the seller's property so long as they connected to the road.
a. True
b. False
76. In Thayer v. Hollinger, the Montana high court held that the seller of property, who retained ownership of
adjoining property and shared a common road, must allow buyers of property an easement to use trails on the
seller's property because there was an expectation in the recreational area that such rights attached to the
purchase of land.
a. True
b. False
page-pf3
77. Rented property is known as freehold property.
a. True
b. False
78. A tenant of leased property is said to have a possessory estate.
a. True
b. False
79. A lease should describe the premises and state how long it will be in effect.
a. True
b. False
page-pf4
80. Leases on residential property may be written for no longer than a twelve-month period; after that, estate interests
are created.
a. True
b. False
81. Most states have adopted a uniform residential landlord and tenant act to modernize and clarify standard leases
a. True
b. False
82. Landlords have a privilege to enter the premises of rented property to make needed repairs.
a. True
b. False
page-pf5
83. If a landlord fails to make timely repairs the tenant may be subject to "constructive eviction."
a. True
b. False
84. Landlords have the right to enter rented property at any time (during the day) to inspect their property.
a. True
b. False
85. Tenants have a duty to not abuse the landlord's property.
a. True
b. False
86. If a tenant abuses the landlord's property, it is called waste.
a. True
b. False
page-pf6
87. Americans buying land in Mexico find that the process is almost identical to that they know from the United States.
a. True
b. False
88. State landlord-tenant statutes make detailed leases largely unnecessary.
a. True
b. False
89. Commercial leases are generally much longer and more detailed than landlord-tenant residential leases.
a. True
b. False
90. Commercial lease law requires landlords to provide "substantially finished" interiors.
a. True
b. False
page-pf7
91. Commercial leases typically make the landlord responsible for maintenance, security and alterations; variations on
such standard terms require careful legal drafting.
a. True
b. False
92. In Neilsen v. Gold's Gym when the parties fell into a dispute over the lease of commercial space for a gym, the
Utah high court held the tenant responsible for all lost lease payments due.
a. True
b. False
93. In Neilsen v. Gold's Gym when the parties fell into a dispute over the lease of commercial space for a gym, the
Utah high court held the parties never agreed on a lease.
a. True
b. False
page-pf8
94. In Neilsen v. Gold's Gym when the parties fell into a dispute over the lease of commercial space for a gym, the
Utah high court held the parties failed to agree who would be responsible for improvements to the property prior to
occupancy, so the court would reform the lease on such unclear terms.
a. True
b. False
95. The government has the power to force the sale of private property for a public use.
a. True
b. False
96. When government takes private property by eminent domain, it must pay fair market value.
a. True
b. False
page-pf9
97. Only the central (federal) government has the power of eminent domain, because the power was handed down by
the kings of England.
a. True
b. False
98. In Kohl v. U.S., the Supreme Court stated that the right of eminent domain always was a right at common law.
a. True
b. False
99. State and local governments may regulate the use of private land through their "police powers."
a. True
b. False
page-pfa
100. A key issue in the area of land-use regulation is whether or not the government must provide compensation to the
land's owner who suffers a loss in value of property from a new regulation.
a. True
b. False
101. The general rule is that if land-use regulation causes a loss in value of property of more than about ten percent, the
government must compensate the property owner.
a. True
b. False
102. The general rule is that if land-use regulation causes a reduction in value of property, the government need not
compensate the property owner unless almost all value is lost.
a. True
b. False
page-pfb
103. Zoning is the primary method of local government land control.
a. True
b. False
104. Zoning ordinances are legally permissible under the police powers of the state.
a. True
b. False
105. In Saadala v. East Brunswick Zoning Board, the appeals court held that the Board had the right to change the
zoning rules to allow a 7-Eleven to expand.
a. True
b. False
page-pfc
106. In Saadala v. East Brunswick Zoning Board, the appeals court held that the Board was wrong to change the
zoning rules to allow a 7-Eleven to expand.
a. True
b. False
107. In Saadala v. East Brunswick Zoning Board, the appeals court held that the Board had failed to show "special
reasons" why the zoning rules should change to allow a 7-Eleven to expand.
a. True
b. False
108. Wrongs that affect land or personal possessions are known as intentional torts against property.
a. True
b. False

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.