1. Victoria has been paying a mortgage on her property for the past 30 years. When Victoria pays the last payment on her mortgage, her ownership interest in the property will be:

• Fee simple subject to a condition subsequent
• Fee simple determinable
• Fee simple absolute
• Indeterminable with the given information

1. Lionel had a rental agreement with Kris for Kris to lease storefront space for 5 years. 5 years has passed, but Kris still uses the space and pays Lionel rent. Kriss tenancy is best classified as:

• Tenancy for years
• Tenancy at will
• Periodic tenancy
• Tenancy at sufferance

1. Which of the following shows the correct answer for examples of arbitrary trademarks?

• Target, a retail store: Non-Example; Band-aid, a bandage manufacture: Example
• Target, a retail store: Example; Band-aid, a bandage manufacture: Non-Example
• Target, a retail store: Non-Example; Band-aid, a bandage manufacture: Non-Example
• Target, a retail store: Example; Band-aid, a bandage manufacture: Example