Quiz
Aware Chapter Tests 1-8
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Fragen in diesem Quiz (115)
1A relationship, whereby one, called the principal, authorizes another, called the agent, called the agent, to represent the principal in business relations with third parties, is known as
- Aagency
- Bbrokerage
- Capparent
- Dauthority
2One employed by and under the control of another known as the principal, to represent such principal in business dealings with third parties is called a/an
- Aservant
- Bagent
- Cindependent contractor
- Dclient
3In an agency relationship, the one who employees another to represent him/her in legal and/or business dealings with third persons is called a/an
- Aagent
- Battorney in fact
- Ccustomer
- Dprincipal
4The brokerage firm employed by either a seller or buyer may employ associated licensees to assist in meeting the obligations to the brokerage firm's principal/client. Those so employed may be called
- Asubagents of the brokerage firm
- Bspecial agents of the brokerage firm
- Cfiduciaries
- Dattorney in fact
5The person(s) with whom a brokerage firm is working under a transaction brokerage agreement is a
- Acustomer
- Bclient
- Cfiduciary
- Dprincipal
6One who is in a position of trust and confidence with respect to another is known as a/an
- Afiduciary
- Bindependent contractor
- Cservant
- Dbroker
7A competent person who is authorized by another to act in his/her place as an agent is known as a/an
- Aattorney in fact
- Bmaster
- Cattorney at law
- Dservant
8A written instrument authorizing a person to act for another to the extent indicated in the instrument is called
- Apower of attorney
- Ba listing contract
- Ca permission to act slip
- Dan employment agreement
9An agency which is voluntarily created through contractual agreement between the principal/client and the agent is known as a/an
- Aimplied agency
- Bexpress agency
- Csensible agency
- Dstatutory agency
10A common law agency created by the conduct and acts of the principal and agent is called
- Aimplied agency
- Bsensible agency
- Cstatutory agency
- Dexpress agency
11An agent, while working within the scope of his/her authority, binds his/her principal. The authority granted by a seller to a broker is expressed in the
- Abuyer's broker agreement
- Blisting agreement
- Cmanagement contract
- Doption contract
12A type of authority that is voluntarily and explicitly set forth as instructions by the principal in the agency agreement is called
- Aimplied authority
- Bnecessary authority
- Cexpress authority
- Dstatutory agency
13Authority exercised by an agent which is in accord with usual or traditional practices is called
- Aimplied authority
- Bexpress authority
- Ctraditional authority
- Dstatutory authority
14One authorized to conduct a series of transactions involving an ongoing relationship such as a salesperson or broker employed by a broker in charge is
- Ageneral agent
- Bspecial agent
- Cdisclosed agent
- Dstatutory agent
15One authorized to conduct a single transaction or a series of transactions not involving an ongoing relationship is
- Aspecial agent
- Bundisclosed agent
- Cgeneral agent
- Dstatutory agent
16An agent disclosed to the customer that he/she represents a client and he/she also disclosed the client's identity. What type of principal is the client?
- Adisclosed principal
- Bundisclosed principal
- Cpartially disclosed principal
- Dgeneral principal
17Which of the obligations of a principal to an agent is not automatic and must be agreed upon?
- AReimbursement
- BOpportunity
- CGood conduct
- DGood faith
18There are eight situations by which an agency can be terminated by operation of the law. Which is best for the agent?
- APerformance
- BLapse of time
- CChange of law
- DDestruction of subject matter
19Broker Tom has a listing on property owned by seller Steve. Which of the following should broker Tom not disclose to buyer Bob?
- ATom has seen evidence of termites.
- BSteve may take less than listing price.
- CThe building has structural defects.
- DZoning makes the present use non-conforming.
20Which of the following is correct concerning a listing broker's obligations and responsibilities to the seller?
- AThe broker may buy the seller's property and sell it to a prospect at a profit as long as the profit is 6% or less.
- BThe broker may relieve herself of any fiduciary responsibilities as long as they have been delegated to any qualified agents that are licensed with her company.
- CThe broker is obligated to obey all of the seller's lawful instructions, even those with which she personally disagrees.
- DThe broker has the implied authority to reject unreasonable offers to the principal.
21Broker Joyce received a full price offer on some property she had listed. The offer is contingent on the owner financing 90% of the price. Joyce feels the offer is unacceptable because the buyer has defaulted on other loans in the past, but she does not mention this to her client. Did Joyce meet her fiduciary duties?
- ANo, because she withheld relevant facts from her client.
- BYes, because she delivered the offer regardless of her feelings about it.
- CNo, because she may be able to get a better deal later.
- DYes, since she found a buyer who was willing to pay full price.
22After listing a house for sale, a broker incurs $37 in advertising expense and $17 in taxi fares for prospects interested in the property. For which expense should the seller reimburse the broker?
- Aonly those expenses agreed upon by the seller and the broker as part of the listing agreement.
- Bonly advertising expenses, as taxi fares are not a normal expense of a listing broker
- Cadvertising expenses and transportation costs incurred in an attempt to market the listed property
- Dexpenses are never reimbursed to a broker by a seller as part of a listing agreement
23A broker took an exclusive listing contract on a seller's home. The seller told the broker the roof leaked, but the broker made no notation on the listing. Later, a buyer made an offer on the property that the seller accepted. The broker lied when the buyer made his/her offer; telling him/her the roof was in good condition. After the buyer took possession, he/she discovered the truth during the first rain. Responsibility for the misrepresentation rests with
- Aboth the broker and the seller
- Bthe broker only
- Cthe seller only
- Dafter possession, caveat emptor applies
24During the period of an exclusive right to sell listing, if the principal no longer wishes to be represented by the brokerage firm, the principal may
- Arevoke the agency created by the listing contract but may be liable for damages
- Brevoke the listing contract and not be liable for damages
- Cnot revoke the agency because an exclusive right to sell listing is an irrevocable contract
- Dbe forced to sell the property in accordance with the terms of the listing
25Three of the five permissible brokerage relationships in South Carolina are
- Atransaction agency, disclosed dual agency and seller agency
- Bseller agency, buyer agency and transaction brokerage
- Cseller agency, single agency, and undisclosed dual agency
- Dbuyer agency, cooperative subagency and transaction brokerage
26In South Carolina, when must a licensee provide a meaningful explanation of agency relationships to a buyer or a seller?
- Aany time before the offer is presented
- Bat the first practical opportunity at which the licensee and the buyer or seller has substantive contact
- Cprior to writing the offer for the buyer
- Dprior to asking the buyer his name and telephone number
27What term in the SC license law replaced the common law term, principal?
- AClient
- BAttorney in fact
- CMaster
- DFiduciary
28In South Carolina, which of these duties of an agent to a principal continues after the agency relationship has been terminated?
- Afull disclosure
- Bloyalty
- Cobedience
- Dconfidentiality
29What is a common law 'third party' called in the SC license law?
- Acustomer
- Bclient
- Cmaster
- Dfiduciary
30When creating an agency relationship in SC between a real estate brokerage firm and a seller, what is required?
- Athe seller and the brokerage firm must have a written agency agreement
- Bthere must be an agreement for the seller to pay a commission
- Cthe seller must have a clear title to the property
- Dthe seller and the brokerage firm must agree to a 180 day listing
31A requirement for a non-resident to be eligible to receive a SC license is that they
- Anot maintain a place of business within the state
- Breside in a state which grants reciprocity with SC
- Cbe licensed with a broker in charge licensed by SC
- Dare a non resident for only 4 months a year
32An unlicensed person negotiated the sale of real estate. The real estate commission is payable to
- Athe broker
- Bthe salesperson
- Cno one
- Dan escrow holder
33Before taking the South Carolina real estate sales examination, every applicant shall furnish evidence satisfactory to the Real Estate Commission of: successful completion of sixty classroom hours,
- Aattain the age of 21 years and be a high school graduate or equivalent
- Battain the age of 18 years and be a high school graduate or equivalent
- Cattain the age of 18 years and be a resident of this state
- Dattain the age of 21 years and be a resident of this state
34In the event that a licensee failed to renew her license,
- Ano more real estate activity will be legal except transactions in which she is the principal
- Bno commissions may be collected on the transactions she has not closed before her license expired
- Cher license will be cancelled on September 30th
- Das of September 1st, she will be fined $75
35When should a buyer's earnest money personal check be deposited in the trust account of the brokerage?
- Aupon acceptance of both parties of the contract
- Bwithin 48 hours of acceptance of an offer to purchase
- Cwithin 48 hours after receipt
- Don or before the next banking day after receipt
36A real estate salesperson in SC wrote an ad for her new listing: "Spacious executive brick home with great view of the mountains and priced to sell at only $625,000. Call 271-9732." What is wrong with this ad?
- AIt does not contain the name of the real estate company.
- BIt is offensive to certain groups.
- CIt is in violation of the Fair Housing Act as amended in 1989.
- DIt is in violation of Regulation Z.
37The SC Real Estate Commission has the power to
- Aact as an advisory board to the Governor.
- Bcreate the standards for the employees of the SC Real Estate Commission.
- Csuspend a license, find and impose jail sentences of up to 6 months
- Dconduct disciplinary hearings and decide the punishment of those found guilty
38When a salesperson receives a personal check as an earnest money deposit he must
- Agive it to his broker no later than the following business day
- Bplace it in his own trust account
- Cplace it in the broker's general account
- Dplace it in the salesperson's special account
39A very difficult sale results in a dispute between brokers A and B about earned commission. Broker A feels that the bonus offered should have been paid to him as a procuring cause and complains to the Real Estate Commission. Which is correct?
- ACommission disputes are not under the jurisdiction of the Real Estate Commission
- BHe must submit his complaint in writing
- CBonuses are always paid to the selling agent only
- DBoth brokers will have to appear at a hearing before Commission members
40By what authority does the state of South Carolina require a person to have a real estate license to practice real estate?
- ACommission power
- BState statute
- CGovernmental authority
- DState Constitution
41The real estate license law is an example of
- Agood legislation
- Bbig government
- Cpolice power
- Dprotectionism
42The purpose of the real estate license law is to
- Aprovide revenue for the state
- Bprotect the people who are selling real estate
- Cincrease employment opportunities for salepersons
- Dprotect the public when involved in real estate transactions
43J was found guilty of acting as a broker and an undisclosed principal in the same transaction. The decision of the Commission was to revoke J's license. What is the minimum time J must wait following revocation of his license, to be eligible for a new license?
- Athree years
- Btwo years
- Cnine months
- Dsix months
44K, a licensed salesperson from Alabama, has a friend, M, in South Carolina who has listed his house for sale. K gave M's agent the name of a buyer who purchased the house. After the settlement, M's agent gave K's brokerage firm a referral fee. How is this legal?
- AK did not come into SC and help with the sale.
- BThe referral fee is $500 or less.
- CThe fee was paid in cash.
- DK's continuing education hours have been met.
45Why are the requirements for continuing education mandated by the state?
- Ato decrease liability for brokers
- Bto protect the public's interest
- Cto provide additional training for agents
- Dto comply with Federal Statutes
46Copies of all closing statements of transactions handled by a broker must be kept on file in his office for a period of
- Athree years
- Bfive years
- Cone year
- Dtwo years
47An agent received a cash deposit for a principal's property. The agent placed the deposit in his personal checking account and then wrote a check to his trust account. For this action, the agent was found guilty of
- Aconversion
- Bcommingling
- Cdual agency
- Dsecret profit
48If a South Carolina Real Estate licensee guarantees a buyer a future profit, he should know that
- Ahe is doing the buyer a favor
- Bhe is not allowed to do this by SC license law
- Che must be a broker and five years of experience
- Dhe should also give the buyer legal advice
49A real estate license may be revoked upon proof of the licensee
- Aviolating a buyer's right to choose an attorney or insurance agent
- Bcharging more than the usual rate of commission
- Chaving a dispute between a broker and a salesperson as to commission
- Drefusing to accept a listing
50What does the Statute of Frauds relate to in real estate?
- AContracts for the sale of land or any interest in land must be in writing in order to be enforceable
- BContracts for the sale of land or any interest in land must be notarized and witnessed in order to be recordable
- CContracts for the sale of land or any interest in land must be in writing in order to be legal
- DWhen people go to court and testify about a real estate transaction, they must be at least 18 years of age
51What is the purpose of the Statute of Frauds?
- ATo provide reliable evidence of the existence and terms of a contract
- BTo provide a system to prevent the bribery of a witness to a contract
- CTo stop fraud in the sale of real estate
- DTo make oral contracts against the law
52Oral contracts for the sale of land are ____________ because of _____________
- Avalid, good intentions
- Bvoid, Statute of Frauds
- Cunenforceable, good intentions
- Dunenforceable, Statute of Frauds
53Who must sign a contract for the purchase of real estate?
- Athe buyer only
- Bthe seller only
- Cthe person to be charged
- Deither the buyer or seller
54A contract in which the agreements and terms are stated by both parties is _________ and when the consideration is an exchange of promises, it is also __________
- Aimplied, bilateral
- Bexpress, unilateral
- Cimplied, executed
- Dexpress, bilateral
55A contract in which the terms are determined from observing the conduct of the parties in a/an _____________ contract.
- Aexpress
- Bunilateral
- Cbilateral
- Dimplied
56A contract in which a promise is exchanged for a promise is
- Abilateral
- Bexpress
- Cunilateral
- Dimplied
57A contract in which both parties have met all obligations is
- Aexecuted
- Bexpress
- Cexecutory
- Dbilateral
58A contract which lacks one or more of the essential elements of a contract is
- Aexecutory
- Bvoid
- Cvoidable
- Dexpress
59A contract which allows one of the parties to elect to be bound to the contract or escape its consequences is
- Aexecutory
- Bvoid
- Cvoidable
- Dillegal
60A proposal made by one person to another is called
- Aa contract
- Ba memo
- Ca communication
- Dan offer
61There are 5 ways to terminate an offer. When an offeree turns down the offer, this is called
- Arejection
- Brevocation
- Ccounter offer
- Dlapse of time
62When an offeror changes his/her mind and notifies the offeree before the offer is accepted, this terminates the offer by
- Arevocation
- Brejections
- Ccounter offer
- Dlapse of time
63When an offeree accepts an offer by making changes in the original offer, it is a termination of the original offer and is called
- Acounter offer
- Brejection
- Crevocation
- Dlapse of time
64The elements of either fraud or misrepresentation are a misstatement of a ____ with _____ and ______
- Amaterial fact, reliance by the other party, resulting damages
- Bmaterial fact, damages, deceit
- Cfact, reliance, resulting damages
- Dsalesman, ignorance, carelessness
65When the terms of a contract are completely satisfied by both parties, the contract is discharged by
- Aperformance
- Brelease
- Cnovation
- Daccord and satisfaction
66The substitution of a new contract for an old contract which discharges all obligations under the old contract is called
- Aaccord and satisfaction
- Bperformance
- Crescission
- Dstatute of limitations
67A substitution of the parties to a contract which excuses the original parties is called
- Anovation
- Bperformance
- Crescission
- Daccord and satisfaction
68Certain contracts may be discharged by a definite time limit within which a suit must be initiated. The laws governing this are called
- AStatute of Limitations
- BStatute of Time Limits
- CStatute of Frauds
- DStatute of Liberty
69One situation that always terminates an offer but which is only an excuse for non-performance of a contract of sale when specifically stated in the terms of the contract is
- Amutual mistake
- Bfrustration of purpose
- Cdeath of one of the parties
- Ddestruction of the subject matter
70When one party to a contract fails to perform in whole or in part, gives advance notice that he/she does not intend to perform, or makes performance impossible, this is known as
- Afraud
- Bmisrepresentation
- Cfraudulent misrepresentation
- Dbreach of contract
71A court ordered K to pay P $50,000 in excess of P's out of pocket damages that resulted from K's fraudulent actions in relationship to his/her contract with P. What is this $50,000 called?
- Apunitive damages
- Bliquidated damages
- Ccompensatory damages
- Dnominal damages
72S's offer to purchase states that it will be kept open three days for acceptance. One day after making the offer, and before acceptance, S wants to withdraw it. The real estate agent should inform S that
- Athe offer may be withdrawn without penalty
- Brevocation means the forfeiture of earnest money
- Conly in the event of death can the offer be revoked prior to acceptance
- Dthe offer is irrevocable
73A contract was ambiguous in that numbers written as words differed from the numerals. Which of the following principles can be used to interpret this contractual ambiguity?
- Awords take precedence over numerals
- Bnumerals take precedence over words
- Cambiguous contracts are void
- Dthe lesser amount would prevail
74P leased an apartment to L under an oral lease. Which lease agreement is enforceable?
- AA lease for one month starting twelve months
- BA lease for three months starting in ten months
- CA lease for eight months starting in five months
- DA lease for eight months starting in four months
75A purchase contract provision stating that the buyer shall forfeit the deposit if the buyer fails to complete the purchase is known as
- Aliquidated damages
- Bpunitive damages
- Cthe safety clause
- Dthe subordination clause
76K agreed in an enforceable written agreement to buy a lot from P for $30,000. K later refused to complete the purchase as agreed, and after extensive effort, P later found a buyer for the lot who would not pay more than $26,000. A court awarded P $4,000 in damages. Which term describes the damages?
- Acompensatory
- Bnominal
- Cpunitive
- Dliquidated
77The ________ establishes an agency relationship between the property owner as principal (client) and the brokerage as agent.
- Alisting agreement
- Bsales contract
- Cpersonal services agreement
- Dbuyer's representation agreement
78The listing agreement does which of the following ?
- ACreates an agency relationship between the listing salesperson and the property owner
- BObligates the seller to sell if a full price offer is received
- CEmploys a real estate brokerage to represent a buyer
- DCreates an agency relationship between the listing brokerage and the property owner
79A brokerage agreement whereby the property owner hires one or more brokerages, agrees to compensate only the one brokerage who produces a buyer, and reserves the right to sell by himself and pay no agents, is called
- Aopen listing
- Bnet listing
- Cexclusive right to sell
- Dexclusive agency
80A brokerage agreement whereby one one brokerage is hired by the owner, but the owner can sell his/her own property without incurring obligations to pay a commission, is called
- Anet listing
- Bopen listing
- Cexclusive right to sell
- Dexclusive agency
81A brokerage agreement that obligates the property owner to pay the commission to the listing brokerage regardless of who made the sale is known as
- Aopen listing
- Bexclusive agency
- Cexclusive right to sell
- Dnet listing
82An owner says "I want to get $50,000 out of this property, and you can have anything over that amount as your commission." What would we call this arrangement?
- Anet listing
- Bopen listing
- Cexclusive right to sell
- Dexclusive agency
83A salesperson was told his/her brokerage's commission was too high. He responded by saying that everyone charges about the same. Which law may this have violated?
- AFederal antitrust laws
- BFederal obscenity laws
- CSC unfair trade laws
- DSC license law
84The three practices that are forbidden by the Sherman and Clayton Acts are price fixing, allocation of customers and
- Aallocation of markets
- Btaking net listings
- Cblockbusting
- Dallocation of deed stamps
85A listing contract creates an agency relationship and it may be terminated by
- Adeath of listing employee
- Bfailure to sell the property in 90 days
- Cexpiration of the term
- Dlisting with another agency
86A brokerage firm earned a commission from the sale of a parcel of property when the firm is
- Aa listing brokerage on the property that was sold
- Bthe procuring cause...the reason the property was sold
- Cmanaged by a licensed broker in charge at the time the property was sold
- Dmanaged by a licensed broker in charge, had a valid listing, and the property was sold
87The owner received a full price all cash offer from the buyer. The terms of the exclusive right to sell listing gave the owner the right to take a purchase money mortgage for 80% of the purchase price at 7 1/2% for 20 years. Which of the following statements is true?
- AThe owner may refuse this offer and owe the brokerage nothing
- BThe owner may refuse this offer and owe the brokerage the full commission
- CThe buyer may sue for specific performance
- DThe brokerage may sue for full commission
88In a contract of sale, mutual assent (offer and acceptance) is usually contained in the paragraph that identifies the contracting parties. The offer, in a real estate contract of sale, must be definite as to
- Aprice, time, and property
- Bproperty, price, and terms
- Cproperty, time, and location
- Dterms, location, and parties
89The mutual promises of the vendor (seller) and vendee (buyer) are sufficient
- Apurpose
- Bconsideration
- Cform
- Dconditions
90Which of the following is not true regarding earnest money deposits? They
- Aare not essential to make a contract of sale binding
- Bare paid by the buyer as evidence of good faith
- Cmay serve as liquidated damages if the buyer breaches contract
- Dare required to make the contract of sale binding
91When any agreement for the sale of real estate will include personal property, the personal property sale should be evidenced by
- Aa bill of sale
- Bthe contract of sale
- Cthe listing contract
- Dthe deed of conveyance
92When a purchase and sale agreement (contract of sale) is fully executed, ________ is transferred to the buyer.
- Aequitable title
- Btitle
- Clegal title
- Dpossession
93When a property is under contract, normally the one holding ______ title assumes the risk of loss in the event of damage or destruction before conveyance, but by agreement, the liability may be moved to the one holding __________ title.
- Alegal, equitable
- Babsolute, legal
- Cnormal, equitable
- Dequitable, legal
94VA and FHA each require that the contract of sale include a certain statement. The basic subject matter of both of the added statements deals with which of the following?
- AThe buyer does not have to complete the purchase if the appraisal is less than the sale price
- BThe seller does not have to complete the sale if the appraisal is more than the purchase price
- CThe buyer will be required to put more money down if the appraisal is less than the sale price
- DThe seller is required to sell for a lower price if the appraisal is lower than the purchase price
95Brokers are not normally a party to the contract. The agreement of a seller to pay a commission should be
- Ain the listing agreement
- Bin the purchase and sale agreement
- Cincluded in both listing and purchase and sale in every case
- Dagreed to orally since it is not under the Statute of Frauds
96When the date for performance will not be met in a contract that contains the phrase "time is of the essence," it is sound prace to
- Ahave all parties execute a formal extension to avoid the possibility of litigation
- Bassume the courts will allow for reasonable delays
- Cget all parties to orally agree to another date (not to exceed 30 days)
- Dget the parties together for a meeting of the minds to extend the date
97A contract in which one makes an offer to sell to another, and the other gives valuable consideration to keep the offer from being revoked for a definite period of time, is called a/an
- Aoption to buy
- Boption to sell
- Clegally binding offer
- Dbilateral contract
98In an option to buy, the seller is called _________ and the buyer is _________
- Aoptioner, optionee
- Bmaker, payee
- Cpayee, maker
- Doptionee, optioner
99After the option has been exercised, the optionee gets
- Aequitable title
- Btitle
- Clegal title
- Dpossession
100An option without valuable consideration is a/an
- Avoid contract
- Bimplied contract
- Cexecutory contract
- Dvoidable contract
101On June 1, K paid M $1,000 for a 60 day option to buy M's house for $230,000 cash at closing. The terms of the option gave 30 days, after the date of election, to close. On July 10, K sold his/her option to J. On July 28, J notified M that he/she would buy M's house and would close on August 15. Which of the following is true?
- AOptions cannot be sold, therefore, J cannot buy unless M wants to sell to him/her.
- BAll of the procedure was legitimate and J can buy on August 15.
- CIf J changes his/her mind and decides not to buy after all, he/she is not guilty of breach of contract.
- DIf M decides not to sell, he/she can get out of the deal by returning the $1000 plus 9% interest.
102B told J that he/she could have a right of first refusal to buy his/her motel. Which of the following situations is correct?
- AIf S makes B an offer that he/she finds attractive, he/she must make the same deal available to J before he/she can sell to S.
- BIf J decides to buy, B must sell to him/her.
- CIf S makes B an offer that he/she finds attractive, he/she is obligated to sell the motel.
- DIf B decides to sell, J must make the first offer or lose his/her right of first refusal.
103Property that is fixed, immovable, indestructible, and unique in character is
- Areal property
- Bintangible property
- Cpersonal property
- Dtangible property
104The solid part of the surface of the earth, and the free or occupied space for an indefinite distance upwards, as well as downwards, is a definition of
- Aland
- Btangible property
- Cintangible property
- Dimprovements
105Everything that is the subject of ownership not coming under the denomination of real property is called
- Apersonal property
- Bcorporeal property
- Cincorporeal property
- Dfixtures
106A valuable addition made to real property, intended to enhance its value or beauty, or to adapt it for a new or further purpose, is known as a/an
- Aimprovement
- Bfixture
- Cappurtenance
- Dtrade fixture
107Which of the following is an example of an improvement?
- Aa paved road to or on the property
- Boriginal vegetation, including trees
- Cwallpapering the foyer
- Dpainting the living room
108Articles, interests, and rights which attach to and pass with real property, such as rights of way, easements, outbuildings, and barns are called
- Aappurtenances
- Bfixtures
- Ctrade fixtures
- Dtangible property
109An item of personal property that has lost its identity as such because of the manner or method in which it has been associated with real property is known as a/an
- Afixture
- Bappurtenance
- Ctrade fixture
- Dtangible property
110Items of personal property attached to rental property by the tenant to be used in connection with the business for which he/she occupies the premises are known as
- Atrade fixtures
- Bfixtures
- Cappurtenances
- Dimprovements
111The terms "use, possession, control, disposition" bring which legal theory to mind?
- AStatute of Frauds
- Bbundle of rights
- Cbundle of legal interests
- Dstatute of limitations
112When a property is bordered by a non-navigable stream the
- Aproperty line goes to the center of the stream
- Bedge of the water forms the property line
- Cowner may use the water any way he/she desires
- Downer has littoral rights
113Relative to freehold estates, the term "_______" assures that one has the "bundle of rights" and will enjoy freedom from disturbances caused by defect in the title.
- Aquiet enjoyment
- Bnon-possessory interest
- Ccomplete property
- Dpossessory interest
114One of a property's boundard lines, in a metes and bounds description, is N 30 degrees E 150'
- AThe angle between the East-West line and the boundary line is 30 degrees toward North
- BStanding at the POB, the surveyor starts with her face toward North and then looks to the right down a line 30 degrees East
- CStanding at the POB, the surveyor starts with her back toward North and then looks to the left down a line 30 degrees toward East.
- DThe angle between the North-South line is 30 degrees toward East.
115A surveyor who wants to know the elevation above sea level of a certain location would first need to locate a/an
- Aaltitude mark
- Bprincipal base line mark
- Cbenchmark
- Dmeridian base link mark
Informationen
- Beschreibung
- End of chapter tests from Aware in South Carolina
- Autor
- Wilhelmina Littel
- Sprache
- English
- Aufrufe
- 29
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