1. CPA QUESTION: Which of the following forms of tenancy will be created if a tenant stays...
Question:
A. Tenancy at will
B. Tenancy for years
C. Tenancy from period to period
D. Tenancy at sufferance
2. CPA QUESTION: To be enforceable, a residential real estate lease must:
A. Require the tenant to obtain liability insurance
B. Entitle the tenant to exclusive possession of the leased property
C. Specify a due date for rent
D. Be in writing
3. CPA QUESTION: A tenant renting an apartment under a three-year written lease that does not contain any specific restrictions may be evicted for:
A. Counterfeiting money in the apartment
B. Keeping a dog in the apartment
C. Failing to maintain a liability insurance policy on the apartment
D. Making structural repairs to the apartment
4. In May, Sharon and Joanne, both sophomores, are looking for an apartment to share beginning in September. They find the perfect unit which Ralph, the landlord, is working on right then. The parties agree on a rent of $1,000 per month, for 12 months. “Come back in late August, when I’m finished working,” says Ralph. “I’ll have a lease ready, I’ll take your deposit, and you can move right in.” The young women return in August to discover that Ralph has rented the apartment for $1,500 to other students. When they sue Ralph, Sharon and Joanne will
A. Win $12,000
B. Win $18,000
C. Win possession of the apartment
D. Win the difference between $12,000 and whatever they are forced to spend for a similar apartment
E. Lose
5. Michael signs a lease for an apartment. The lease establishes a periodic tenancy for one year, starting September 1 and ending the following August 31. Rent is $800 per month. As August 31 approaches, Michael decides he would like to stay another year. He phones the landlord to tell him this, but the landlord is on holiday and Michael leaves a message. Michael sends in the September rent, but on September 15, the landlord tells him the rent is going up to $900 per month. He gives Michael the choice of paying the higher rent or leaving. Michael refuses to leave and continues to send checks for $800. The landlord sues. Landlord will
A. Win possession of the apartment because the lease expired
B. Win possession of the apartment because Michael did not renew it in writing
C. Win possession of the apartment because he has the right to evict Michael at any time, for any reason
D. Win $1,200 (12 months times $100)
E. Lose
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Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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