7. If you were in a state that applied the Pennsylvania theory of lien claims and an owner had a
contract to build a home for $100,000 and had already paid the general contractor $60,000, the
owner’s liability to subcontractors and materialmen would be limited to
A. $40,000.
B. $100,000.
C. the full amount of their claims.
D. $60,000.
E. none of the above.
8. Which of the following are not responsible for cleanup costs of hazardous waste?
A. Innocent purchasers
B. Former owners before the contamination
C. Lenders who foreclose and become owners
D. All of the above
E. None of the above
9. The amount of real estate taxes is generally based upon
A. the value of the property.
B. the original purchase price of the property.
C. the use of the property.
D. the depreciated value of the property.
10. Which of the following is not considered a legislative function of government?
A. Zoning
B. Eminent domain
C. Taxation
D. Building codes
SHORT ANSWER
1. John owns land at the edge of a small town. When he purchased the land it was not zoned and
he operated an auto repair business there. Several years later, the town annexed John’s land as
well as the surrounding land. The town then zoned all of the annexed land single-family
residential. John’ s business is the only business within the residential area. What right does
John have to continue his auto repair business? Are there any restrictions on this right?