Business Law and Property Rights: Quiz Review on Real Property, Partnerships, and Intellectual Property
Quiz review covering legal principles related to property ownership and partnerships.
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Business Law and Property Rights: Quiz Review on Real Property,
Partnerships, and Intellectual Property
1. Question : Kevin and Emily own a house as joint tenants. If Kevin dies, Emily
will own
Student Answer: an undivided 50% interest in the house jointly with Kevin’s
heirs.
a divided 50% interest in the house jointly with Kevin’s heirs.
the house, but only if she applies for partition and can pay
Kevin’s heirs their share.
the house.
Instructor
Explanation:
The answer can be found in Section 11.3 Real Property, Possessory
Interests in Land, in the text.
Points Received: 1 of 1
Comments:
2. Question : The power of the government to regulate what use real property
may be used for is known as
Student
Answer: adverse possession.
eminent domain.
zoning.
community impact restriction.
Instructor
Explanation:
The answer can be found in Section 11.3 Real Property: Regulations and Real
Property, in the text.
Points Received: 1 of 1
Comments:
3. Question : Which of the following is a partnership?
Student Answer: Jennifer and Brad each put in $20,000 to buy a high interest
Certificate of Deposit, intending to cash it at maturity and split the
money equally.
Allen, Bianca, and Caroline jointly run an organization offering
free advice to LGBT teenagers.
Peyton and Eli, who invest $50,000 and $75,000 respectively,
buy a bookstore and run it together.
All of these are partnerships.
Instructor
Explanation:
The answer can be found in Section 13.1 Partnerships, in the text.
Points Received: 1 of 1
Comments:
4. Question : If you find a diamond bracelet on the public sidewalk, you are most
likely to be able to keep the bracelet if it is
Partnerships, and Intellectual Property
1. Question : Kevin and Emily own a house as joint tenants. If Kevin dies, Emily
will own
Student Answer: an undivided 50% interest in the house jointly with Kevin’s
heirs.
a divided 50% interest in the house jointly with Kevin’s heirs.
the house, but only if she applies for partition and can pay
Kevin’s heirs their share.
the house.
Instructor
Explanation:
The answer can be found in Section 11.3 Real Property, Possessory
Interests in Land, in the text.
Points Received: 1 of 1
Comments:
2. Question : The power of the government to regulate what use real property
may be used for is known as
Student
Answer: adverse possession.
eminent domain.
zoning.
community impact restriction.
Instructor
Explanation:
The answer can be found in Section 11.3 Real Property: Regulations and Real
Property, in the text.
Points Received: 1 of 1
Comments:
3. Question : Which of the following is a partnership?
Student Answer: Jennifer and Brad each put in $20,000 to buy a high interest
Certificate of Deposit, intending to cash it at maturity and split the
money equally.
Allen, Bianca, and Caroline jointly run an organization offering
free advice to LGBT teenagers.
Peyton and Eli, who invest $50,000 and $75,000 respectively,
buy a bookstore and run it together.
All of these are partnerships.
Instructor
Explanation:
The answer can be found in Section 13.1 Partnerships, in the text.
Points Received: 1 of 1
Comments:
4. Question : If you find a diamond bracelet on the public sidewalk, you are most
likely to be able to keep the bracelet if it is
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Subject
Business Law