Business Law Chapter 49 3 Patricia buys a house from Jake but does not record her ownership interest

subject Type Homework Help
subject Pages 10
subject Words 989
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
49.
(p. 1095)
Which of the following is the legal process by which a transfer of property is made by a
governmental entity against the protest of the property owner?
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50.
(p. 1100)
Which of the following are promises voluntarily entered into by property owners by which
the owners promise to use or not to use their land in particular ways?
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51.
(p. 1102)
Which of the following refers to government restriction of property use?
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52.
(p. 1090)
Which of the following is the most likely type of ownership held by Sally and Ruthy?
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53.
(p. 1089)
Who will likely win the dispute regarding whether George holds a valid easement?
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54.
(p. 1093)
Which of the following is true regarding Bruce's statement that he has no obligation to be
involved with the dispute with Alice?
page-pf7
55.
(p. 1091)
Which of the following is true regarding a tenancy by the entirety?
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56.
(p. 1091)
Which of the following would be the most likely result regarding Alex's claim to ownership
of the house upon Mark's death?
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57.
(p. 1091)
Which of the following would be the most likely result regarding Samantha's claim to the
house?
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58.
(p. 1091)
Which of the following is true regarding Mandy's claim for the $10,000?
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59.
(p. 1094)
What does the term "
caveat emptor
" mean?
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60.
(p. 1094)
Which of the following is meant by Bruce's statement that Kathy has marketable title?
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61.
(p. 1094)
Which of the following is true regarding any duty Bruce owed to Kathy prior to the sale?
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62.
(p. 1084)
Set forth and discuss two exceptions that may be applied to alter the rule that fixtures
remain when a tenant moves.
63.
(p. 1090)
Sam openly used a trail on Kathy's farm to go fishing at the river for 30 years. Kathy knew
that he did so. She became angry at him over an event at the Senior Citizen's Center and told him
that he could no longer cut across her farm. What legal recourse, if any, would Sam have, and
why?
page-pff
64.
(p. 1091-1092)
As set forth in the text, describe a cooperative including typical rules of
governance and the penalty if a member violates the rules.
65.
(p. 1092)
Set forth what a deed must contain in order to be properly drafted.
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49-53
66.
(p. 1093)
Patricia buys a house from Jake but does not record her ownership interest. Later, Jake
dishonestly sells the same house to Paula who had checked ownership at the courthouse but
saw no mention of Patricia. After she paid Jake, Paula recorded her property interest at the
courthouse. Paula, who thought that Patricia was renting the house from Jake, then wrote to
Patricia asking her to move. Who is entitled to the house? Who do you believe that ethically
should be done assuming Jake cannot be found?

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