Quiz 5 (Module 9-10) (Remotely Proctored)
Due Nov 3 at 11:59pm Points 25 Questions 25
Available Oct 21 at 12am - Nov 3 at 11:59pm 14 days Time Limit 60
... [Show More] Minutes
Instructions
Correct answers will be available Nov 4 at 12am - Nov 10 at 12am.
Score for this quiz: 24 out of 25
Submitted Oct 27 at 9:01pm
This attempt took 60 minutes.
Quiz 5 contains questions from Chapters 33-38.
10/27/2019 Quiz 5 (Module 9-10) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment
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Ques 1 / 1 pts tion 1
Zheng has her house built on the border of a public watercourse in a state
that follows riparian rights theory. It can be said that she:
is entitled to have the water body maintained in its natural state by other
owners.
is entitled to use the water for any purpose she may require.
is not entitled to use any water without obtaining an approval from a court of
law.
is entitled to use only as much water as was used by the previous owner of the
land.
is entitled to divert all the water for her personal and professional use so as
long as she is the first one to do so.
Ques 1 / 1 pts tion 2
The remainderman is the person who becomes the owner when a life estate
terminates.
True
False
10/27/2019 Quiz 5 (Module 9-10) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment
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Ques 1 / 1 pts tion 3
A(n) _____ is granted independent of the easement holder's ownership or
possession of land.
positive easement negative easement
easement in gross
dominant tenement servient tenement
Ques 1 / 1 pts tion 4
Toni asked Adler, a real estate broker, exclusive agency to sell her farm
house, and promised to pay 5% commission on the sale. Toni's friend,
Deena, approached her to buy the farm house at $100,000 on 24 Nov 2010
and Toni decided to sell the farmhouse to Deena, entering into an
agreement. On 1 Dec 2010 Alder found a buyer for the farmhouse who was
ready to purchase the farmhouse at $105,000. However, the sale could not
take place due to the prior agreement with Deena. What commission is Alder
entitled to receive for this job?
th
st
Zero dollars, because Toni had found the buyer.
5% of $100,000 i.e. $5,000. 5% of $105,000 i.e. $5,250. Half of 5% of $100,000 i.e. $2,500. Half of 5% of $105,000 i.e. $2,725.
10/27/2019 Quiz 5 (Module 9-10) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment
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Ques 1 / 1 pts tion 5
A condominium refers to a form of housing involving two elements of
ownership. They are the:
dominant tenement and the servient tenement. easement and the tenement.
living space and the common space.
community property and the separate property.
restrictive covenant and eminent domain. [Show Less]