Question
34. When a landowner grants permission to another person to use the land then: a) exclusive possession is granted by the right to use and
34. When a landowner grants permission to another person to use the land then: a) exclusive possession is granted by the right to use and a lease is created; b) a lease will not be created unless exclusive possession is also granted; c) a lease cannot be created by mere use, and thus only a licence is created; or d) licence can only be created when a vendor of land allows a purchaser to occupy the land prior to settlement.
38. A pledgor of a chose in possession: a) passes possession to the pledgee but not a proprietary interest; b) passes possession to the pledgee with a proprietary interest; c) passes possession to the pledgee but retains a right of redemption; or d passes possession to the pledgee with a right to redeem the debt within a previously agreed upon period of time.
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