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