Social Science Law Civil Law
CPCU 530 - Practice Quiz 3
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CPCU 530 - Practice Quiz 4 CPCU 530 - Practice Quiz 5 CPCU 530 - Practice Quiz 6 Ch 9: In
47 terms 69 terms 56 terms 78 terms
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After buying a 30-acre tract of land, Jerry registered the Give notice to the world that the transfer of real property had occurred.
property deed in a local government office. The purpose 3 multiple choice options
of recording or registering his deed was to
Will had not paid Theodore for work on a building May be cleared by Will.
addition so Theodore filed a mechanic's lien. Once Will 3 multiple choice options
pays for the work the mechanic's lien
In bailments for mutual benefit, the bailee can use the Only as specified within the bailment agreement or contract.
property
3 multiple choice options
Patty and Bert, who are not married, are tenants in Bert's heirs will receive his portion of the estate as tenants in common.
common who own a four-acre plot of land with a log 3 multiple choice options
cabin on it. Patty put up capital for the estate while Bert
contributed labor and skills. Patty has a son and Bert has
a daughter. If Bert, who has no will, predeceases Patty, it
is most likely that
Abby has invented a new media storage device and Patent.
wants to have exclusive use and control of her new
3 multiple choice options
invention. To do this, Abby needs a
Bailors and bailees have rights and duties related to The identification of the intended beneficiary of the bailment.
property in bailment. The principal consideration in 3 multiple choice options
determining these rights and duties is
, June's employer has a gift program in December of each June's acceptance of the gift.
year that allows employees to select one gift from a
3 multiple choice options
catalog of items. These employees are taxed according
to the retail value of the item selected and may opt to
take cash or even reject the gift option. In this situation
the most significant element of the employee's gift is
Johnny sold a cabin to Hannah for $15,000. Two days later Kate
he sold the same cabin to Arnie for $10,000. A week later, 3 multiple choice options
Johnny sold the cabin to Brenda and signed a contract of
sale for $22,000. That same day, Johnny sold the cabin to
his sister Kate for $5,000. Kate registered the deed but
later learned of the other purchase arrangements. Which
one of the purchasers has priority ownership of the
cabin?
Carrie's parents own a cottage near a lakeshore. Her A life estate.
parents want Carrie to possess the property and any 3 multiple choice options
income produced from it during Carrie's life and then the
property will pass on to the grandchildren. What Carrie's
parents want for her is best described as
Zach purchased a home through realtor Josephine who Bank B.
arranged a loan with Bank B. Zach will use his new home 3 multiple choice options
as security for the bank loan and he has insured the loan
with Insurer X. The mortgagee is
A gift requires which one of the following elements? Delivery
1 multiple choice option
Corporation T owns an office building that it leases to Corporation T has control, in that the corporation ordinarily obtains the mortgage,
occupants. Cooperative ownership provides for constructs the building, and then operates it.
operation and maintenance by someone other than the 3 multiple choice options
tenant while guaranteeing a right of occupancy for as
long as desired. An advantage of this arrangement for
Corporation T is that
A land contract is a type of interest in real property. The seller retains title under a land contract.
Which one of the following statements about a land 3 multiple choice options
contract is true?
The standard of care owed by bailees in most situations Reasonable care.
for property of others in their possession because of 3 multiple choice options
mutual benefit bailments is
Henri orally agreed to sell Dan a parcel of land for Under the statute of frauds, the contract must be in writing, and therefore Dan
$25,000. Before they could draw up a contract of sale, cannot be held to the oral agreement.
Dan told Henri he no longer wanted the land because he 3 multiple choice options
was going to move out of state with his parents. Which
one of the following statements is true?
CPCU 530 - Practice Quiz 3
Save
Students also studied
CPCU 530 - Practice Quiz 4 CPCU 530 - Practice Quiz 5 CPCU 530 - Practice Quiz 6 Ch 9: In
47 terms 69 terms 56 terms 78 terms
mal_whaley Preview mal_whaley Preview mal_whaley Preview kac
After buying a 30-acre tract of land, Jerry registered the Give notice to the world that the transfer of real property had occurred.
property deed in a local government office. The purpose 3 multiple choice options
of recording or registering his deed was to
Will had not paid Theodore for work on a building May be cleared by Will.
addition so Theodore filed a mechanic's lien. Once Will 3 multiple choice options
pays for the work the mechanic's lien
In bailments for mutual benefit, the bailee can use the Only as specified within the bailment agreement or contract.
property
3 multiple choice options
Patty and Bert, who are not married, are tenants in Bert's heirs will receive his portion of the estate as tenants in common.
common who own a four-acre plot of land with a log 3 multiple choice options
cabin on it. Patty put up capital for the estate while Bert
contributed labor and skills. Patty has a son and Bert has
a daughter. If Bert, who has no will, predeceases Patty, it
is most likely that
Abby has invented a new media storage device and Patent.
wants to have exclusive use and control of her new
3 multiple choice options
invention. To do this, Abby needs a
Bailors and bailees have rights and duties related to The identification of the intended beneficiary of the bailment.
property in bailment. The principal consideration in 3 multiple choice options
determining these rights and duties is
, June's employer has a gift program in December of each June's acceptance of the gift.
year that allows employees to select one gift from a
3 multiple choice options
catalog of items. These employees are taxed according
to the retail value of the item selected and may opt to
take cash or even reject the gift option. In this situation
the most significant element of the employee's gift is
Johnny sold a cabin to Hannah for $15,000. Two days later Kate
he sold the same cabin to Arnie for $10,000. A week later, 3 multiple choice options
Johnny sold the cabin to Brenda and signed a contract of
sale for $22,000. That same day, Johnny sold the cabin to
his sister Kate for $5,000. Kate registered the deed but
later learned of the other purchase arrangements. Which
one of the purchasers has priority ownership of the
cabin?
Carrie's parents own a cottage near a lakeshore. Her A life estate.
parents want Carrie to possess the property and any 3 multiple choice options
income produced from it during Carrie's life and then the
property will pass on to the grandchildren. What Carrie's
parents want for her is best described as
Zach purchased a home through realtor Josephine who Bank B.
arranged a loan with Bank B. Zach will use his new home 3 multiple choice options
as security for the bank loan and he has insured the loan
with Insurer X. The mortgagee is
A gift requires which one of the following elements? Delivery
1 multiple choice option
Corporation T owns an office building that it leases to Corporation T has control, in that the corporation ordinarily obtains the mortgage,
occupants. Cooperative ownership provides for constructs the building, and then operates it.
operation and maintenance by someone other than the 3 multiple choice options
tenant while guaranteeing a right of occupancy for as
long as desired. An advantage of this arrangement for
Corporation T is that
A land contract is a type of interest in real property. The seller retains title under a land contract.
Which one of the following statements about a land 3 multiple choice options
contract is true?
The standard of care owed by bailees in most situations Reasonable care.
for property of others in their possession because of 3 multiple choice options
mutual benefit bailments is
Henri orally agreed to sell Dan a parcel of land for Under the statute of frauds, the contract must be in writing, and therefore Dan
$25,000. Before they could draw up a contract of sale, cannot be held to the oral agreement.
Dan told Henri he no longer wanted the land because he 3 multiple choice options
was going to move out of state with his parents. Which
one of the following statements is true?
