Quiz 5 Business Law & The Legal Environment
Terms in this set (25)
The Carr v. Hoosier Photo Supplies, Inc. case is about _____.
Frustrated with his neighbor's loud music, despite regular complaints, and the lack of action by the landlord, Robert, the tenant, decides to withhold the rent until the landlord takes action against his neighbors. Which of the following remedies did Robert seek?
The _____, enacted in 1899, was the first federal water pollution statute in the United States.
Rivers and Harbors Act
Which of the following is an example of tangible property?
Landowners who innocently purchased property contaminated by hazardous wastes are protected from EPA cleanup requirements by the _____.
Superfund Amendment and Reauthorization Act
Which of the following is true of gifts?
A gift is a voluntary transfer of property
Sharon owns a restaurant in Harrisburg, PA. When the unclean kitchen conditions and food spoilage in the restaurant resulted in cases of food poisoning among customers, Sharon was responsible because they were considered to be _____ on Sharon's land.
A tenant's fixture can be removed by the tenant when he leaves the property only if:
it can be removed without causing damage to the landlord's property.
James is the landlord of an apartment containing 22 houses which are to be maintained by him and Lily is one of the tenants. In which of the following cases would James be liable for an injury occurring on the leased premises?
Lily's visitor trips while entering Lily's house due to the uneven flooring of the apartment.
The Calvin Klein Ltd. v. Trylon Trucking Corp. is a case about _____.
A _____ is any document that evidences the receipt of goods for shipment issued by a person engaged in the business of transporting or forwarding goods.
bill of lading
Ted takes a life insurance policy for a period of 20 years. The policy pays a death benefit of $250,000 to his spouse if Ted dies within those 20 years. Ted is said to have taken a _____ life insurance.
Which of the following is an example of an intangible property?
_____ is a statutory remedy for landlords or incoming tenants in some states and involves the peaceful removal of a holdover tenant's belongings.
The _____ governs receipts for stored agricultural products.
United States Warehouse Act
Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $8,000 as a one-time payment to secure her performance of duties under the lease. This $8,000 is known as:
A(n) _____ is granted independent of the easement holder's ownership or possession of land.
easement in gross
In a(n) _____, the tenant transfers all interest in the premises and all obligations.
Which of the following refers to an object that was once personal property but that has become so attached to land or structures that it is considered legally a part of the real property?
The finder who knows the owner or has reasonable means of discovering the owner's identity commits _____ if she holds on to the object with the intent that it be hers.
A _____ is the entity hiring the one who transports the goods.
A _____ is defined by the Uniform Commercial Code as a person engaged in the business of storing goods for hire.
Which of the following is true of a gift inter vivos?
It is made between living persons without conditions attached.
Bill purchased a plot of land for which the deed states that the grantor transfers the property "to grantee and his or her heirs". This would have the legal effect of creating a(n) _____.
fee simple absolute
James is the landlord of an apartment containing 22 houses which are to be maintained by him and Lily is one of the tenants. In which of the following cases would the tenant be liable for an injury occurring on the leased premises?
Lily's nephew cut his finger with the knife that was negligently kept in Lily's kitchen.
YOU MIGHT ALSO LIKE...
BLS 342 - Property Assignment
Chapter 7 : business law Test review
ACCT 324 ch 48 review
Real Estate Final
OTHER SETS BY THIS CREATOR
chap 17 genb
ACCT 324 Test 1
Dale Carnegie Effective Speaking Book Outline
How to Win Friends and Influence People (Dale Carnegie)