1. REAL ESTATE CAN BE OWNED AS A:

FEE SIMPLE

FEE SIMPLE DEFEASIBLE

LIFE ESTATE

ALL OF THE ABOVE

2. REAL ESTATE CAN BE BOTH MOVABLE AND PERMAMENTLY AFFIXED:

True

False

3. POSSESSION OF REAL ESTATE WITHOU OWNERSHIP IS A:

FREEHOLD ESTATE

NON-FREEHOLD ESTATE

BOTH A AND B

NONE OF THE ABOVE

4. A LIFE ESTATE ALWAYS TERMINATES AFTER 20 YEARS:

True

False

5. WHEN SELLING A BUSINESS PROPERTY BUT NOT THE BUSINESS ITSELF:

YOU CAN GENERALLY TAKE THE BUSINESS FIXTURES

YOU MUST LEAVE THE BUSINESS FIXTURES

BOTH A AND B

NONE OF THE ABOVE

6. A BAILMENT CAN BE BOTH PERSONAL PROPERTY AND REAL ESTATE

True

False

7. WHICH IS NOT A SPECIAL BAILMENT:

A WAREHOUSE BAILMENT

A COMMON CARRIER BAILMENT

AN INNKEEPER BAILMENT

NONE OF THE ABOVE

8. BAILMENTS FOR THE SOLE BENEFIT OF THE BAILEE ARE ILLEGAL:

True

False

9. BAILMENT FOR THE SOLE BENEFIT OF THE BAILOE ARE LEGAL:

True

False

10. TO CREATE A BAILMENT THE PROPERTY HOLDER MUST:

HAVE EXCLUSIVE CONTROL OF THE PROPERTY

HAVE A KNOWLEDGE OF WHAT THEARE SAFE KEEPING

BOTH A AND B

EITHER A OR B

11. UNDER ANY TYPE OF BAILMENT AGREEMENTTHE PROPERTY HOLDER CAN NEVER USE THE BAILED PROERTY:

True

False

12. STORAGE UNITS ARE AN EXAMPLE OF A WAREHOUSE BAILMENT

True

False

13. PERSONAL PROBERTY CAN BE:

TANGIBLE

INTANGIBLE

BOTH A AND B

NONE OF THE ABOVE

14. PERSONAL PROERTY CAN BE BOTH MOVEABLE AND PERMANENTLY AFFIXED:

True

False

15. INTANGIBLE PERSONAL PROERTY CAN BE:

TRADEMARKS

PATENTS

COPYRIGHTS

ALL OF THE ABOVE

16. COPYRIGHTS CAN BE FOR

SONGS, MUSIC LYRICS, MOVIES AND BOOKS

PHOTOGRAPHS AND PAINTINGS

BOTH A AND B

NONE OF THE ABOVE

17. A TRADEMARK IS A DISTINCTIVE MARK, MODEL, EMBLEM THAT SHOWS A COMPANY'S NAME AND/OR QUALITY:

True

False

18. COPYRIGHTS CANNOT BE RENEWED:

True

False

19. THE REQUIREMENT(S) TO GIVE A GIFT ARE:

DONATIVE INTENT

DELIVERY

ACCEPTANCE

ALL OF THE ABOVE

20. CREATING PERSONAL PROPERTY BY THE FRUITS OF YOUR LABOR IS CALLED:

WORK FORCE LABOR

CONFUSION

PRODUCTION

NONE OF THE ABOVE