Course:
Law of Contracts
Institution:
Law of Contracts
Champions Quizzes EXAM Q&A Latest Update
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Uploaded on: | May 11, 2025 |
Last updated: | May 12, 2025 |
Number of pages: | 11 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
Tags: | Champions Quizzes EXAM Q&A Latest Update |
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Champions Quizzes | Q&A Latest 2025/2026 | 100% PASS A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: - Answer -Improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - Answer Riparian A commercial tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and shelves. Which of the following statements about this is true? - Answer -The tenant can take these as they are trade fixtures A seller is attending the closing on his property. The title company has discovered an unsatisfied M&M lien on the property. Which of the following is the most likely reason for the lien? - Answer -Plumbing work that was completed but never paid A listing agent went to inspect a seller's property hoping to list it for sale. The seller told the listing agent that his neighbor's satellite dish trespasses on his property. This is an example of: - Answer Encroachment A father gives his son a life estate on a property. The son leases the property. The tenant dies. What happens to the property? - Answer -It goes back to the son until he dies