Business Law Review 1

30) The person who receives the insurance proceeds is the

• policyholder
• beneficiary
• insurer
• recipient

29) Anything beyond reasonable wear and tear to rental property is known as

• termination
• sufferance
• waste
• damage

28) A landlord who deprives a tenant of electricity is guilty of

• destructive eviction
• constructive eviction
• tort liability
• negligence

27) The agreement that creates the landlord-tenant relationship is a

• covenant
• lease
• tenancy
• mortgage

26) If you own real property and rent it to someone, you are a

• tenant
• lessee
• Landlord
• master

25) The written instrument by which the borrower pledges real property to the lender as security for a loan is the

• general warranty deed
• purchase and sale agreement
• lease
• mortgage

24) A tenancy that automatically continues for successive fixed periods until canceled by the landlord or the tenant is a

• periodic tenancy
• tenancy for years
• tenancy at sufferance

23) Payment to a divorced person by a former spouse for support and maintenance is known as

• alimony
• judgment
• support payment
• child support

22) A group of shareholders who make a contract to vote in a certain way on a certain issue have made a

• pooling agreement
• proxy
• shareholder proposal
• voting trust

21) All corporations issue

• preferred stock
• par value stock
• common stock
• no-par value stock