Question
1-What are riparian water rights? Group of answer choices those who live west of the Mississippi River share water among the people who live next
1-What are riparian water rights?
Group of answer choices
those who live west of the Mississippi River share water among the people who live next to it
those who live next to the water have a right to use the water
those who use water downstream have priority of water rights over those where the water runs through the land
those who use the water first in time for a beneficial use have the right to use the water, even if they do not live next to the water
2-Identify the sales tactic where a seller advertises a low-priced product in order to lure customers into the store, only to induce them to buy a higher-priced product.
Group of answer choices
hustling
good salesmanship
breach of contract
bait and switch
3-The three main credit bureaus in the United States do not include the following:
Group of answer choices
TransUnion
Experian
Credit Technologies
Equifax
4-The Truth in Lending Act of 1968 applies to all of the following except:
Group of answer choices
consumer credit transactions of $25,000 or less
consumer leasing
credit cards
commercial transactions
5-Tangible property has the following characteristics:
Group of answer choices
it can be touched
it does not physically exist but is still subject to ownership principles
it can be easily substituted with identical property
it is always fixed to real property even though it used to be personal property
6-Because it is not written specifically in the US Constitution, there is no right to privacy under federal law.
Group of answer choices
True
False
7-A married couple is more likely to have a tenancy in common co-ownership interest in real property.
Group of answer choices
True
False
8-Which type of bankruptcy is only available to individual debtors?
Group of answer choices
Chapter 7
Chapter 12
Chapter 13
Chapter 11
9-A credit freeze allows the following:
Group of answer choices
consumer prevents third parties from requesting a consumer's credit report without permission
creditor restricts or prohibits consumer from sending credit reports about them
creditor may life the credit freeze for a limited period of time if a consumer wants to apply for credit or a new job
creditor places a credit freeze on a consumer's credit report
10-A reverse mortgage is an example of what type of ownership interest in real property?
Group of answer choices
fee simple absolute
reversion interest
fee simple defeasible
life estate
11-Which type of intellectual property is primary regulated by the states, as opposed to the federal government?
Group of answer choices
trade secrets
patents
trademarks
copyrights
12-Biometrics is the automated identification of people using their physical characteristics, with fingerprints and facial recognition being the most common.
Group of answer choices
True
False
13-Which document first mentioned the right to privacy in the United States?
Group of answer choices
Bill of Rights
Griswold v. Connecticut
Constitution
article in the Harvard Law Review in 1890
14-Which type of intellectual property is enumerated in Article I, Section 8 of the US Constitution?
Group of answer choices
trade secrets
copyrights
trademarks
patents
15-Leverta lives next to an open lot that hasn't had any activity on it for many years. She's not sure if the last-known owner is even alive or has descendants. Over time, Leverta has planted squash, pumpkins, and a pear tree on the property. She has even gone to the county tax office to pay the relatively low tax bill due so no one comes to disrupt her established garden on the property. One day, after talking with her granddaughter who took the Business Law I course at MCC, Leverta decides she wants to claim ownership of the open lot. Which acquisition method would Leverta claim?
Group of answer choices
inheritance
purchase
gift
adverse possession
16-Most states require that a will be notarized in order to be valid.
Group of answer choices
True
False
17-Ashfaq is tired of having stuff stolen from his garage. He sets up security cameras on the front corners of his house to catch the perpetrators in case they steal stuff again. One day, John and Peter come up to Ashfaq's garage and lift the door with the intention of stealing property out of the garage. However, Ashfaq was ready for them with Spike the dog ready to attack. Spike bit John, and both John and Peter ran from the premises. John has now filed suit against Ashfaq. Who wins and why?
Group of answer choices
Ashfaq wins because John and Peter were trespassers who should have stayed off the property and must now suffer the consequences.
John wins because he was an invitee onto the property.
John wins because even though he came onto the property without permission, Ashfaq cannot intentionally injure him.
Ashfaq wins because John deserved what happened to him.
18-Match the bailment terms with the correct descriptions.
Group of answer choices
bailor [ Choose ]
a) someone in the rightful possession of personal property who gives the property to someone else to hold
b)arrangement in which personal property is intentionally exchanged where one party agrees to accept the property and has the duty to return it
c)someone who holds personal property with permission of someone who has rightful possession of the property
d)created when someone finds lost or mislaid property and may not destroy the property
bailee [ Choose ]
a)someone in the rightful possession of personal property who gives the property to someone else to hold
b) arrangement in which personal property is intentionally exchanged where one party agrees to accept the property and has the duty to return it
c)someone who holds personal property with permission of someone who has rightful possession of the property
d)created when someone finds lost or mislaid property and may not destroy the property
voluntary bailment [ Choose ]
a)someone in the rightful possession of personal property who gives the property to someone else to hold
b)arrangement in which personal property is intentionally exchanged where one party agrees to accept the property and has the duty to return it
c)someone who holds personal property with permission of someone who has rightful possession of the property
d)created when someone finds lost or mislaid property and may not destroy the property
involuntary bailment [ Choose ]
a)someone in the rightful possession of personal property who gives the property to someone else to hold
b)arrangement in which personal property is intentionally exchanged where one party agrees to accept the property and has the duty to return it
c)someone who holds personal property with permission of someone who has rightful possession of the property
d)created when someone finds lost or mislaid property and may not destroy the property
19-Which entity prepares environmental impact statements pursuant to the National Environmental Policy Act?
Group of answer choices
land owners
federal agencies
land sellers
commercial banks
20-Although a ceiling fan for sale at a store is personal property, once the fan is installed in a house, it becomes a fixture and is part of the real property.
Group of answer choices
True
False
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