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Homework answers / question archive / University of North Dakota ACCT 315 Chapter 42 1)Star Residences fails to provide the utilities to its tenants’ apartments, making their use and enjoyment of the premises exceedingly difficult

University of North Dakota ACCT 315 Chapter 42 1)Star Residences fails to provide the utilities to its tenants’ apartments, making their use and enjoyment of the premises exceedingly difficult

Accounting

University of North Dakota

ACCT 315

Chapter 42

1)Star Residences fails to provide the utilities to its tenants’ apartments, making their use and enjoyment of the premises exceedingly difficult. This is most likely

    1. an exercise of the landlord’s property rights.
    2. a tenancy at sufferance.
    3. a constructive eviction.
    4. an assignment of the lease.

2.Colleen owns a house. In the house, on a tile floor is a throw rug and a heavy decorative urn. Most likely to meet the definition of a fixtu re is

    1. the throw rug.
    2. the tile floor.
    3. all of the choices.
    4. the urn.
  2. Nancy owns Office Tower, which is situated on an acre of land that she also owns in Peoria, Illinois. Subject to certain qualifications, the exterior boundaries of Nancy’s land extend to
    1. the size of a cubic acre.
    2. the limits of the current building market.
    3. infinity and beyond.
    4. the center of the earth and up to the sky.
  3. Derek deeds a parcel of timberland to Elaine as a gift. Derek has given Elaine
    1. a fee simple absolute.
    2. a life estate.
    3. the right to adverse possession.
    4. the power of eminent domain.
  4. Rose is the life tenant of five hundred acres of land, on which is situated a previously existing mine. Rose has the right to
    1. use the land, including the mine, for any purpose, without qualification.
    2. none of the choices.
    3. extract minerals from the mine, but not to dig a new mine.
    4. extract minerals from the mine and to dig new mines.
  5. Ellen conveys to Floyd an apartment with the right to possess and use the premises for a period of time specified in their express contract. This is
    1. a tenancy at will.
    2. a fixed-term tenancy.
    3. a periodic tenancy.
    4. a tenancy at sufferance.
  6. Seaside Vistas leases an apartment to Tori. During a severe storm, the premises are destroyed by flood. Under most state laws, liable for the rent for the rest of the lease term is
    1. Tori only.
    2. no one.
    3. Seaside only.
    4. Seaside and Tori in proportionate amounts.
  7. Mike owns a beach house in North Carolina in fee simple. This ownership interest is
    1. potentially infinite in duration.
    2. limited to the period of Mike’s life.
    3. limited to the period of the lives of Mike and his immediate heir.
    4. subject to the withdrawal or recall of the previous owner.
  8. Allen owns Buffalo Ranch. Allen’s ownership rights include the right to sell or give away the property without restriction, and the right to use the property for whatever purpose he sees fit. Allen’s ownership interest is
    1. a fee simple absolute.
    2. a profit.
    3. a license.
    4. a life estate.
  9. Cal has an easement that allows him to drive across Dale’s land to get to Cal’s house. With respect to Dale’s land, Cal’s right is
    1. the power of eminent domain.
    2. a nonpossessory interest.
    3. a right to adverse possession.
    4. a possessory interest.
  10. Italo owns one hundred acres of fertile bottomland. With respect to the land, Jana has an easement and Kessler has a profit. A right to possess the bottomland is owned by
    1. Jana

 

    1. Italo
    2. Kessler
    3. All of the choices, in proportion to the value of their respective interests
  2. Richard owns Scholars Apartment House. His ownership rights include the rights to sell or give away the property without restriction, as well as to use the property for whatever purpose he sees fit. His ownership interest is
    1. A fee simple absolute
    2. A life estate
    3. The right to adverse possession
    4. The power of eminent domain
  3. Kristen signs a one-year lease for a mobile owned by Lamont. If Kristen dies during the lease term, the lease interest
    1. Automatically renews
    2. Automatically expires
    3. Passes to Kristen’s heirs as personal property
    4. Returns to Lamont
  4. Jack owns a parcel of land. Jack tows a mobile home to the parcel and anchors it to the land near a stand of Douglas fir trees. Jack’s real property consists of
    1. All of the choices
    2. The mobile home
    3. The land
    4. The trees
  5. Ghani owns Hillside Vineyard. Ghani conveys some of the land “to Iona for her life.” Ghani has given Iona
    1. A profit
    2. A life estate
    3. A fee simple absolute
    4. A license
  6. Beto wants to lease a duplex for two years from Country Living Inc. In most states, the lease agreement
    1. Must be in writing
    2. Must be signed by a judge
    3. Must be oral
    4. Can be oral or written
  7. Property Management Corporation (PMC) owns several apartment buildings in two states. Regarding standards for maintenance of the buildings, PMC should consult
    1. the applicable city ordinances and state statutes.
    2. the Uniform Landlord’s Maintenance Manual.
    3. the long-term tenants.
    4. the previous owners.
  8. Urban City wants to acquire undeveloped private land within the city limits to construct a public park. The city brings a condemnation proceeding to obtain title to the land. This is
    1. the power of eminent domain.
    2. the right to adverse possession.
    3. an easement.
    4. a profit.
  9. Jade owns a loft that she leases to Key and Liu. If Jade sells the loft, Key and Liu
    1. must immediately vacate the premises.
    2. remain Jade’s tenants until the end of the lease term.
    3. become the tenants of the new owner.
    4. become the landlord.
  10. Rafe signs a one-year lease for an apartment owned by Suki. Rafe is a student and needs the apartment only for two semesters, at the end of which he plans to sublet it for the rest of the term. Rafe’s tenancy is
    1. a periodic tenancy.
    2. a tenancy at will.
    3. a fixed-term tenancy.
    4. a tenancy at sufferance.
  11. Estes, the owner of Forest Mountain, and Gert, the tenant of a cabin on Estes’s mountain, may create a fixed-term tenancy by
    1. any of the choices.
    2. Sufferance.
    3. express contract.
    4. implied contract.
  12. Brick & Mortar Stores Inc. signs a lease for a storefront owned by Commercial Properties Inc. The lease does not specify how long it is to last but does specify that rent is to be paid at certain intervals. This is
    1. a fixed-term tenancy.
    2. a tenancy at sufferance.
    3. a tenancy at will.
    4. a periodic tenancy.
  13. Rita has a fixed-term tenancy for her apartment with Studio Apartments. If Rita abandons the premises before the lease expires
    1. Rita may be required to mitigate her damages.
    2. Studio must make a reasonable attempt to evict Rita.
    3. Rita is no longer obligated to pay the rent.
    4. Studio may be required to mitigate its damages.

 

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