Question $1(0\mathrm{.}5$ points$)$

With a resulting trust, assets held in the trust can pass to the heirs after going through probate.

Question $1$ options:

True

False

Question $2(0\mathrm{.}5$ points$)$

Estes, the owner of Forest Mountain, and Gert, the tenant of a cabin on Estes's mountain, may create a fixed$-$term tenancy by

Question $2$ options:

a$)$

implied contract.

b$)$

express contract.

c$)$

sufferance.

d$)$

any of the choices.

Question $3(0\mathrm{.}5$ points$)$

Kay and Lease$-$Away Inc. enter into a bailment involving the delivery of a moving van to Kay for her use. Unless stated otherwise, the agreement assumes that Kay will

Question $3$ options:

a$)$

return the van or its equivalent.

b$)$

return the van.

c$)$

none of the choices.

d$)$

retain the van.

Question $4(0\mathrm{.}5$ points$)$

When accession occurs with a property owner's consent, there is not likely to be a dispute about who owns the property.

Question $4$ options:

True

False

Question $5(0\mathrm{.}5$ points$)$

On the completion of a bailment, the bailee may dispose of the property at will.

Question $5$ options:

True

False

Question $6(0\mathrm{.}5$ points$)$

If the assignee of a lease is required to pay rent, the original tenant is free of the obligation to pay the rent.

Question $6$ options:

True

False

Question $7(0\mathrm{.}5$ points$)$

The tenant's use of the leased property must not injure the landlord's interest.

Question $7$ options:

True

False

Question $8(0\mathrm{.}5$ points$)$

Mike owns a beach house in North Carolina in fee simple. This ownership interest is

Question $8$ options:

a$)$

limited to the period of Mike's life.

b$)$

potentially infinite in duration.

c$)$

limited to the period of the lives of Mike and his immediate heir.

d$)$

subject to the withdrawal or recall of the previous owner.

Question $9(0\mathrm{.}5$ points$)$

Idina executes a deed conveying ownership of her home to a trust for the benefit of her son Jim. The trust designates Idina as the trustee. When she dies, the house will pass without going through probate to

Question $9$ options:

a$)$

Jim.

b$)$

the state.

c$)$

Idina's estate.

d$)$

the trust.

Question $10(0\mathrm{.}5$ points$)$

Maria does not execute a will before she dies. The distribution of her estate is regulated by

Question $10$ options:

a$)$

the terms of a different decedent's will disposing of a similar estate.

b$)$

the comprehension of the natural objects of her bounty.

c$)$

the decisions of a trustee appointed by a probate court.

d$)$

the state's intestacy statutes.