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1. All forms of real property allow the title holder to possess and enjoy the property T F

Explanation:

2. In a deed Sam Jackson conveys title to a parcel of land to Jeanne and Helen Smit as spouses with no statement as to the form of co-ownership.

a. Jeanne and Helen hold title as tenants in common.

b. Jeanne and Helen hold title as joint tenants.

c. Jeanne and Helen hold title as a tenancy by the entireties.

d. None of the above answers are true the lack of any statement as to co-ownership would require a court decision to clear up the ambiguities of co-ownership.   

Explanation:

3. Prof. Jones hands his ipad to one of his students, Mary Ellen Smith with directions to leave it with his secretary. As she heads to his office another student accidently runs into Mary Ellen. The ipad tfalls and is heavily damaged. Mary Ellen was not being careless in anyway. In which of the following situations will Mary Ellen be responsible for the damages to the tablet?

a. Even though she was doing a favor for the professor she will be liable.

b. As she was doing some statistical work on the ipad for which she was being paid she will be liable.

c. She had borrowed the ipad to complete her Connect homework and is therefore liable.

d. In all of the above she will be liable as she did not return the ipad in original condition as per the instructions of the professor.

Operation Management, Management Studies

  • Category:- Operation Management
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