Question 1

Briefly describe the obligations that are typically associated with the ownership of real property.

Accepted Answer

Most municipalities impose a tax on the ...

Question 2

A lease is a form of real property.

Accepted Answer

A) True 
 B)False

Question 3

Which statement best characterizes the nature of most commercial bailment situations?

Accepted Answer

A)   The bailee is liable for latent defects.
B)   The standard of care is very high.
C)   They typically benefit both the bailor and bailee.
D)   The standard of care is very low.

Question 4

What is most likely to result if a bailment is without reward and for the benefit of the person possessing the property?

Accepted Answer

A)   The bailor's standard of care will be low.
B)   The bailee's standard of care will be low.
C)   The bailor's standard of care will be very high.
D)   The bailee's standard of care will be very high.

Question 5

What is the focus of the standard of care required of a gratuitous bailor?

Accepted Answer

A)   A bailor must take utmost care to protect the bailed goods.
B)   Proof of ownership must be provided.
C)   It must be determined whether the bailor or bailee is receiving the benefit of the bailment.
D)   It will depend on the common law strict liability rules.

Question 6

There is no comprehensive system for registering ownership of personal property as there is with real property.

Accepted Answer

A) True 
 B)False

Question 7

Why is the issue of privatizing fresh water supplies controversial?

Accepted Answer

Most nations place limitations on the ab...

Question 8

Ownership can be acquired by taking possession of abandoned personal property.

Accepted Answer

A) True 
 B)False

Question 9

In Canada,most ownership or custodianship rights associated with bodies of water are vested in the Crown.

Accepted Answer

A) True 
 B)False

Question 10

What feature distinguishes bailment from a contract of purchase and sale?

Accepted Answer

A)   Most commercial contracts are bailments,requiring payment for use of property.
B)   Most bailments are gratuitous,requiring no payment for use of property.
C)   A bailor retains ownership upon transfer of possession to the bailee.
D)   A bailment is typically short term,while contracts cover a longer term.

Question 11

The owner of Goodfood Grocers has agreed to allow the Goodfood Grocer name to be used by the owner of a grocery store in a neighbouring city.What legal device should Goodfood Grocers use to give effect this right ?

Accepted Answer

A)   licence
B)   trust
C)   lease
D)   easement

Question 12

Aboriginal title arises out of the prior occupation or possession of lands by Indigenous peoples.

Accepted Answer

A) True 
 B)False

Question 13

A warehouseman's general responsibility toward its customers' property is to treat it as a skilled storekeeper would deal with its own property,which imposes a standard of reasonableness encompassing responsibility for most foreseeable risks.

Accepted Answer

A) True 
 B)False

Question 14

What is the term "choses in action" synonymous with in law?

Accepted Answer

A)   tangible property
B)   pledged property
C)   intangible property
D)   non portable items

Question 15

The rental of a vehicle is an example of bailment.

Accepted Answer

A) True 
 B)False

Question 16

What is a distinguishing characteristic the liability of common carriers?

Accepted Answer

A)   The owner of property damaged while in the carrier's possession must prove fault.
B)   Carriers have the right to sell the owner's property for failure to pay.
C)   It is presumed the carrier is at fault if property is lost or damaged in their possession.
D)   Carriers cannot limit their liability by contract.

Question 17

Which of the following would NOT constitute property?

Accepted Answer

A)   insurance policy
B)   lease
C)   right of citizenship
D)   accounts receivable

Question 18

Why is a short term lease or rental of property an attractive way for a business to acquire the use of equipment for a particular task or period of time?

Accepted Answer

A)   A lease protects creditors whether the arrangement is contractual or not.
B)   A lease is a form of sale and is covered by the large number of terms implied through legislation governing the sale of goods
C)   It makes little sense to purchase something that is not needed for a long period,unless,of course,the rental charges approach the cost of buying.
D)   The lessee must take reasonable care of the property while that property is in its possession and return it in the state that would be expected

Question 19

Which statement best reflects the approach taken by the courts when determining if something counts as property?

Accepted Answer

A)   If something counts as 'property',it has the same features common to all property.
B)   Only items that have monetary value may be counted as property.
C)   Only tangible items count as property.
D)   Something may count as property for one purpose but not another.

Question 20

What should be included in the standard form contract in order for a lessor to maximize its ability to minimize its exposure for damage caused to a leased vehicle in the lessee's possession?

Accepted Answer

A)   a benefit of relationship clause to ensure reciprocal benefit to the lessor
B)   the bailee identified as the party to be paid in the event of loss for insurance
C)   an ordinary diligence exclusion clause to limit liability for ordinary neglect
D)   the bailor named as the party to be paid in the event of loss for insurance

Exam 17: Introduction to Property Law

Which statement best characterizes the nature of most commercial bailment situations?

Correct AnswerverifiedShow Answer

Why is the issue of privatizing fresh water supplies controversial?

Correct AnswerverifiedMost nations place limitations on the ab...View AnswerShow Answer

There is no comprehensive system for registering ownership of personal property as there is with real property.

Correct AnswerverifiedShow Answer

In Canada,most ownership or custodianship rights associated with bodies of water are vested in the Crown.

Correct AnswerverifiedShow Answer

Briefly describe the obligations that are typically associated with the ownership of real property.

Correct AnswerverifiedMost municipalities impose a tax on the ...View AnswerShow Answer

What is most likely to result if a bailment is without reward and for the benefit of the person possessing the property?

Correct AnswerverifiedShow Answer

Which of the following would NOT constitute property?

Correct AnswerverifiedShow Answer

A warehouseman's general responsibility toward its customers' property is to treat it as a skilled storekeeper would deal with its own property,which imposes a standard of reasonableness encompassing responsibility for most foreseeable risks.

Correct AnswerverifiedShow Answer

Which statement best reflects the approach taken by the courts when determining if something counts as property?

Correct AnswerverifiedShow Answer

What should be included in the standard form contract in order for a lessor to maximize its ability to minimize its exposure for damage caused to a leased vehicle in the lessee's possession?

Correct AnswerverifiedShow Answer

Why is a short term lease or rental of property an attractive way for a business to acquire the use of equipment for a particular task or period of time?

Correct AnswerverifiedShow Answer

Ownership can be acquired by taking possession of abandoned personal property.

Correct AnswerverifiedShow Answer

What feature distinguishes bailment from a contract of purchase and sale?

Correct AnswerverifiedShow Answer

A lease is a form of real property.

Correct AnswerverifiedShow Answer

The rental of a vehicle is an example of bailment.

Correct AnswerverifiedShow Answer

The owner of Goodfood Grocers has agreed to allow the Goodfood Grocer name to be used by the owner of a grocery store in a neighbouring city.What legal device should Goodfood Grocers use to give effect this right ?

Correct AnswerverifiedShow Answer

What is the focus of the standard of care required of a gratuitous bailor?

Correct AnswerverifiedShow Answer

Aboriginal title arises out of the prior occupation or possession of lands by Indigenous peoples.

Correct AnswerverifiedShow Answer

What is a distinguishing characteristic the liability of common carriers?

Correct AnswerverifiedShow Answer

What is the term "choses in action" synonymous with in law?

Correct AnswerverifiedShow Answer

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Most nations place limitations on the ab...
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Most municipalities impose a tax on the ...
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