Leopold owns 100 acres | Financial markets homework help

1. Leopold owns 100 acres in a remote place that he rarely visits. One day,Kate sets upp camp in the middle of the 100 acres and ends up living on the land and using the land for her provisions for 15 years. If it’s found that Kate owns this land due,it’s most likely due to
A. warranty deed
B. inheritance
C. quitclaim deed
D. adverse possession

2. The county wishes to build a public road across land that belongs to Bob. Which of the following statements is true?
A. Bob must sell to the county, but only if the price suits Bob
B. The county may take the land for public purpose but must compensate Bob
C. The county must negotiate with Bob and persuade him to sell
D. The county may take the land without compensation because it’s doing so for a public purpose

3.T erry takes her coat to Dick’s dry cleaners to be cleaned. While begin cleaned,the coat is damaged. Terry sues Dick for damages. To prevail Terry must prove that Dick
A. wasn’t negligent
B. was grossly negligent
C. failed to exercise at least slight care
D. failed to exercise reasonable care

4. Tom contracts to purchase Elmer’s house. Elmer has a vegetable garden in his backyard. After the closing, Tom arrives to move in and sees Elmer pick a tomato from the vegetable garden and put it in his pocket. Tom protests, claiming that the tomato is part of the real estate Tom purchased from Elmer. Which of the following statements is true?
A. the tomato belongs to Elmer if it’s a perennial crop
B. Elmer and Tom must divide the tomatoes equally
C. the tomato belongs to Elmer if it’s an annual crop
D. the tomato belongs to Tom if it’s an annual crop

5. Zeke’s lawyer tells Zeke that Zeke’s tenant is entitled to peaceful possession. Zeke asks you what that means. You’ll tell Zeke that
A. the tenant’s right to possession is conditioned on not disturbing the neighbors
B. he may evict if the tenant is convicted of disorderly conduct
C. he may not interfere with the tenant’s possession
D. he has a duty to take action on behalf of the tenant against noisy neighbors

6. Woody owns a movie theater. One night, Woody finds a purse beside one of the seats in the theater after all of the moviegoers have left for the evening. Given this set of facts, Woody
A. possesses an affirmative duty to run ads in the local newspaper and to place flyers in the theater regarding the purse
B. may not become the owner of the purse and its contents because the purse is misplaced property
C. possesses an affirmative duty to contract the authorities regarding the purse
D. may become the owner of the purse and its contents, if he doesn’t know the identity of the true owner

7. Elmer steals Mike’s bike and takes it to Peter’s used bike shop. Peter purchase the bike from Elmer for$50. Then Peter puts the bike up for sale for$75. Mike stops in Peter’s bike shop to look for a new bike, sees that Peter has his bike and demands that Peter surrender it. Which of the following statements is true
A. Peter must surrender the bike to Mike without payment
B. Peter doesn’t need to surrender the bike, but Mike may sue Elmer for damages
C. Mike may purchase the bike for $758
D. Peter must surrender the bike to Mike, but Mike must pay Peter $50

8. Bob rents from Sally and would like to assign his rights to Fred. Which of the following statements is true
A. Bob may not do so if the lease prohibits it without Sally’s permission
B. Bob may not do so if the lease doesn’t address assignment
C. Bob may do so without explicit assignment from the lease
D.  Bob may do so if Sally withholds reasonable permission

9. Sally has a right of way to cross Bob’s property to get access to her own property. Which of the following statements is true
A. Sally has the dominant tenement because she enjoys the easement
B. Bob owns an easement
C. Sally and Bob both own an easement
D. Bob has the dominant tenement because he enjoys the easement

10. Tom gives Samuel permission to move into a vacant house that Tom owns and live there without paying rent. XXXXX XXXXXves there for 20 years, acting like the owner and making improvements to the house. Samuel now asserts that he is the owner. Which of the following statements is true
A. Samuel has become a co-owner with Tom
B. Samuel isn’t the owner
C. Samuel is the owner if the use was continuous for the requisite period
D. Samuel is the owner if the requisite period for adverse possession is 20 years

11. Elmer is a tenant in possession, but his possession is wrongful. Elmer has a
A. tenancy for years
B. periodic tenancy
C. tenancy at sufferance
D. tenancy at will

12. Bart coveys real property to Ginny. Ginny later learns that Bart owned no interest in the property. Ginny sues Bart for damages. Ginny will win unless the deed was a ———deed
A. general warranty
B. warranty
C. quitclaim
D. special warranty