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Property rights-- every business has these (again). Here, discuss real property--what does this term mean? Define the terms owner, possessor, lessor, lessee, easement, and license.

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Namita kumari
Namita kumariLv6
28 Sep 2019

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Related questions

TRUE OR FALSE

1. _____ Under the feudal system of land ownership, the responsibility for providing services, determining land use, etc., was held by the king.

2. _____ Government rights limit private rights in real property by the use of appropriation.

3. _____ When real property is taken by means of eminent domain, the government has to pay the landowner fair market value.

4. _____ Railroads have the right to condemn private property for public use.

5. _____ A family had a lion as a pet at their home outside the city. When the area became incorporated, the city made him get rid of the lion by their use of police power.

6. _____ A government may acquire ownership of privately held land by patent.

7. _____ If title to real property is said to be fee simple, it can NOT be alienated.

8. _____ A fee simple estate in real property may not be transferred with a bill of sale.

9. _____ The greatest estate in real property is a fee simple estate.

10. _____ The bundle of rights includes the right of escheat.

11. _____ An encumbrance affects the loan to value ratio.

12. _____ An easement may be created by a written document granting the right to another.

13. _____ An easement may be removed from county records by a quit claim deed signed by the owner of the easement.

14. _____ When a parcel of real property is sold in foreclosure, the easement rights transfer with title.

15. _____ An easement appurtenant passes with the title to the dominant estate.

16. _____ A private road on Don’s property has often been used by fishermen as a walkway to the lake. If Don wishes to break the fishermen’s claim to an easement by prescription, while still allowing the use, he must give notice of his consent to their use of the property.

17. _____ The legal right of a utility company to maintain power lines along the back of a lot is called adverse possession.

18. _____ The best way to determine whether a property has an encroachment is to search the title.

19. _____ A property owner lived in an area newly zoned for business but his deed contains a restriction against commercial usage. In this case the zoning laws would prevail.

20. _____ The type of lien used by someone who does work or supplies materials for a home and has not been paid is called a mechanic’s lien.

Chapter 13 Assignment Law of Property: Real and Personal

Due Date: Refer to the Course Calendar

Submit questions and answers, not just your answers.

Please answer the following questions with complete sentences.

Points will be deducted if answers are not in complete sentences.

1. What are the similarities and differences between a cooperative and a condominium?

2. Sometimes courts offer multiple reasons for their decisions. The fact that the lower court offered two distinctly different reasons for granting summary judgment to the Homeowners Associations was especially important in the case of Burton Stevens v. Elk Run Homeowners. Association, Inc. Why? Please be very detailed.

3. Why might an inventor prefer to protect an invention using trade secret law rather than patent law, or vice versa?

4. The Trade-Related Aspects of International Property Rights (TRIPS) is administered by whom?

5. The patent holder has a guarantee of an exclusive monopoly on the use of the invention for how many years?

6. Many countries require a business to be what to register a domain name in the country?

7. Because of the Takings Clause of the U. S. Constitution, what are the two requirements when the government wishes to take someone’s private property?

 

8. What are the bundles of rights associated with Real Property?

 

9. Explain everything that is included in the ownership of land.

 

10. List and describe the different interests in Real Property.

 

11. Define easement. List and describe the three different types of the easement.

 

12. List and describe the three types of co-ownerships.

2) If you find in your wallet or pocket a suspicious Czech koruna, banknote (probably counterfeited)
 
a. you are a looser. You should destroy it immediately.
 
b. you should present it to the Czech National Bank to check, if it is genuine or not, if it is not genuine. you are a looser. If it is genuine, you will obtain a new one.
 
c. you should pay with it in the nearest shop, otherwise you are a looser
 
d. you should present it to the Ministry of Finance, where the experts of the Financial Analytical Unit determine, if it is genuine or not. If it is not genuine, you are a looser.
 
3) Which type of securities does not exist at all?
 
a. short term securities with the maturity up to one year (often issued by the state, called T-bills)
 
b. long-term securities with the maturity higher than 5 years
 
c. stocks with the maturity shorter than 1 year
 
d. stocks with denomination higher than equivalent of 100,000€
 
4) According to the Czech legislation a mortgage could not be offered by any financial institution to
 
a. finance of anything else than housing
 
b. anybody who is not married
 
c. anybody who is not employed
 
d. anybody who is not adult (18 and older)
 
5) Every owner of a banking or payment account in any bank in the European Union
 
a. has to be an owner of a life insurance contract, too.
 
b. has to sign a special contract with his/her bank to specify conditions under which his/her deposits are insured.
 
c. is insured — better to say: his/her deposits up to specified amount are insured. Recently an equivalent of 100.000 € (in certain cases up to 200.000 €).
 
d. is allowed to have only one account in every EU member state.
 
6) A cheque (or check) is a payment instrument which is:
 
a. legally forbidden to be used in the Czech Republic
 
b. possible to be used by anybody even if he/she does not have any bank account
 
c. known by legislation, but minimally used in the Czech Republic
 
d. widely supported by the Czech banking environment as a modern type of payment instrument.
 
7) A credit institution. which was granted a banking license in One of the EU member states
a. could not run its banking business without a local banking license in another EU member state.
b. could run its banking business without a local banking license, but it has to inform the local central bank or other supervisory body about its intention to do so.
c. could run its banking business without a local banking license for one year only; during that period it has to obtain a banking license.
d. could run its banking business without a local banking license, but it can offer its services to a limited number of clients — recently 100.000 €.
 
8) Any pan-European banking directive of the European Parliament and of the Council
 
a. should be implemented into the local legislation of the EU member states in a given period (normally 18 months).
 
b. is possible to be used as a recommendation only; only regulations are mandatory for all member states.
c. is not implemented or transposed into the local legislation of the EU member states at all: it comes into force either immediately when printed in the Official Journal or in stipulated terms mentioned in the given regulation.
d. should be followed by European banks only; for those active in the EU but with headquarters out of the EU and having only their branches or daughter companies in the EU these regulations could be taken as recommendations.
 
9) The president of the Czech Republic is given by the Constitution (Act. No 1/1993 Coil.) a power
a. to appoint members of the Board of the Czech National Bank.
b. to influence decisions of the members of the central bank Board.
c. to validate appointment of the top management of all commercial banks.
 
d. to appoint only a governor of the Czech National Bank: the other members of the CNB Board a appointed by the governor.
10) The Czech interbank payment system called CERTIS is:
a. solely used for the settlement of large value payments.
b. the real time gross settlement system.
c. the net settlement system.

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