LGL153 Legal Entities Test 2

Mortgagor

Mortgagee

Property

Personal Property

Real Property

The two types of property law are treated __________________ under the law

True or False: Minerals below the surface of the land is "real property".

True or False: Airspace above the land is considered "real property".

True or False: Buildings occupying ling land are considered "real property".

True or False: Fixtures on the land are not considered "real property".

What is the Agreement of Purchase of Sale?

What role does the Crown have in land ownership?

Doctrine of Escheat

Fee Simple Estate

Life Estate

Leasehold Estate

Easement

Servient Tenement

Dominant Tenement

Express Grant:

Adverse Interest

Restrictive Covenant

Adverse Possession

Easement by Prescription

Encroachment by Prescription

Title is equal to...

If two or more people own property together they hold title either as...

Joint Tenants

Tenants-in-Common

Title related information is recorded

The two types of land registration systems in Ontario are

The Registry System is

The Land Titles System is

This involves checking entries recorded in abstract book, parcel registry, and/or automated title index and examining listed documents affecting title

Title Search is used for

Registry System Title Search examines how many years of history ownership?

What is a root deed?

Land Titles System Title Search examines how many years of title history?

Planning Act

Execution means...

An Execution Search is important because

Title Insurance

Principal =

Interest

Interest Rate is calculated:

Fixed Interest rate

Variable Interest rate

Frequency of calculation affects am

Mortgage are paid in

What are the three types of mortgages?

New Mortgage

Assumed Mortgage

Vendor Take-Back Mortgage

Term

Amortization Period

Amortization Schedule

Balloon Payment

Blended Payment

Non-blended payment

Open Mortgage

Closed Mortgage

Partially Open Mortgaage

Standard Charge of Terms

The Interest Adjustment Date (IAD) is

Interest adjustment amount is

What is the last day of a term for a mortgage called?

In the event of a default, how are pay outs determined?

What are the 4 obligations of a Mortgagor?

How is a mortgage discharged?

Default

Acceleration clause in the charge permits

Power of Sale

Foreclosure

Judicial Sale

Intellectual Property (IP) is

Is an idea alone protected as intellectual property?

Name three examples of intellectual property

What is the purpose of IP Protection laws

What are the 3 main types of IP Protection?

Copyright is

Infringement of Copyright

Patents

Patent Pending

Trademarks

Trade name

A trademark is not registrable if it is:

Owner of a registered trademark has exclusive right to use trademark fork for how many years?

Passing-off

Why is it advisable to register a trademark?

Remedies to infringement on trademarks?

TM symbol is registered or unregistered

R symbol for trademarks is

Industrial design is