A) A contract by which an offeree promises to buy the property offered at a later date set in the contract
B) A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another
C) A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt
D) A contract transferring the fee simple to a new owner
E) A contract that provides that a seller will retain the title in the property until the buyer has made all of the required payments
G) D) and E)
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A) A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another
B) A contract that provides that a seller will retain the title in the property until the buyer has made all required payments
C) A contract by which an offeree promises to buy the property offered at a later date set in the contract
D) A contract transferring the fee simple to a new owner
E) A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt
G) C) and D)
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They must be prepared to eithe...View Answer
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This allows a private citizen ...View Answer
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Bailment for value involves some sort of...View Answer
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A) A profit à prendre
B) A house is not considered property
C) A chattel
D) An easement
E) Real property
G) All of the above
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A) The essential characteristic of an estate in land is that the owner of the estate, whether it is a fee simple, life estate, or leasehold, has exclusive possession.
B) People gain an interest in land when they are given the right to use or access property for some particular purpose.
C) Restrictive covenants that are negative in nature are not binding on future owners.
D) A profit à prendre is a type of restrictive covenant attaching to all properties within a particular development plan.
E) An easement acquired by prescription must be restrictive in nature to be binding on subsequent purchasers of land.
G) B) and E)
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A) A chattel
B) A choose in action
C) A bailment
D) A fiduciary relationship
E) A fixture
G) A) and E)
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B) False
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A) The owner of the fee simple has the right to exclusive possession of the land until his death.
B) If the owner of the fee simple dies without a will, his estate reverts back to the Crown.
C) The owner of the fee simple has rights to the surface of the earth and also unlimited use of the airspace above his property.
D) The owner of the fee simple also owns what is below the land, including mineral rights.
E) Technically, only the Crown owns the land, but the fee simple interest is the greatest bundle of rights, other than the Crown's, that a person can own.
G) A) and B)
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B) False
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A) This is an example of a voluntary bailment for the benefit of the bailor only.
B) This is an example of a voluntary bailment for the benefit of the bailee.
C) Because the violin is a Stradivarius, this is an example of a bailment for value.
D) This is an example of an involuntary bailment.
E) Because Harry is doing his friend a favour, he has no legal duty to be careful of the violin.
G) A) and E)
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You own above and below your l...View Answer
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Bailment takes place when one person has...View Answer
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An insurable interest is an interest tha...View Answer
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A) If Burt and Ernie do not plant the bushes as agreed, Brenna could sue them for private nuisance.
B) If Burt and Ernie sell the property, the new owner would not have to plant the row of rose bushes as provided in the original contract.
C) If Burt and Ernie sell the property, the new owner would have to plant the row of rose bushes as provided in the original contract.
D) The registration of a covenant guarantees that it is valid interest that runs with the land.
E) If Burt and Ernie sell their lot to Holly, Holly would not be bound by the covenant to refrain from developing commercial facilities.
G) A) and C)
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A) The person who lost it
B) The government
C) Mr.Kane (since the duffle bag was located on his property)
D) Mr.Kane and the government
E) Mr.Kane (since he found the duffle bag)
G) A) and B)
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A) A leasehold is one kind of interest less than an estate.
B) Leases are only available in residential tenancies.
C) The term of a lease must be for a definite period of time.
D) An oral lease is never enforceable.
E) A characteristic of leaseholds is that they grant to the holder the right of exclusive possession.
G) A) and B)
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A) Chattel refers to intellectual property such as patents and copyrights.
B) The term chattel is the broad term used to describe any kind of property interest.
C) Chattel is the term used to describe tangible personal property or movables.
D) Chattel is an intangible form of personal property, such as a debt or claim.
E) Chattel is a term used to describe the land registration system in place in the Western provinces.
G) B) and D)
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The creditor is give...View Answer
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