Question 1

A key feature of jointly owning property as tenants in common is that the right of survivorship will apply upon the death of one of the owners.

Question 1 options:

TrueFalse

Question 2

A hot tub that is built into the deck in a landscaped back yard will likely be considered a fixture.

Question 2 options:

TrueFalse

Question 3

The goodwill of a business is considered to be intangible personal property.

Question 3 options:

TrueFalse

Question 4

A patent provides an inventor 20 years to produce and profit from their invention without competition. After 20 years have past, anyone can reproduce the product.

Question 4 options:

TrueFalse

Question 5

A trademark will last for a period of 15 years and cannot be renewed.

Question 5 options:

TrueFalse

Question 6

The right to use a pseudonym when you write a book is known as the right of paternity, and cannot be given away by the author.

Question 6 options:

TrueFalse

Question 7

Confidential business information must be registered in order to be protected intellectual property.

Question 7 options:

TrueFalse

Question 8

A logo, a symbol, and a slogan can all be examples of a trademark.

Question 8 options:

TrueFalse

Question 9

Copyright will last for 25 years after the death of the creator.

Question 9 options:

TrueFalse

Question 10

Personal property whose value comes from the associated legal rights is known as intangible personal property.

Question 10 options:

TrueFalse

Question 11

All property that does not include land is known as real property.

Question 11 options:

TrueFalse

Question 12

A person who holds an estate in fee simple has the right to exclusive possession and the right to disposition of the property.

Question 12 options:

TrueFalse