Business Law II Ch. 18 test review

A landlord has the right to collect rent when due, enter the premises without notice, and exclude renters with pets.

• True

• False

To be certain that a person has the legal right to sell a property and that there are no undisclosed claims on a property, what document should be obtained?

• quitclaim deed

• warranty deed

• license

• conveyance

A _______________ deed protects the grantee by providing several grantor's warranties enforceable against the grantor.

• quitclaim

• ownership

• future interest

• warranty

A(n) ____________________ is the greatest possible bundle of rights and interests in realty.

• doctrine of nature

• fee simple absolute

• conveyance of rights

• easement in total

The ___________________ grants ownership of fluid minerals to the party who extracts them.

• water rights

• doctrine of capture

• right of capture

• doctrine of fluids

A quitclaim deed transfers only what rights and interests the grantor may have.

• True

• False

A __________________ is ownership only for the length of a specified person's life.

• freehold for life

• life estate

• life ownership

• holder in due course

Permanency of an attachment will determine if a structure is ________________ property.

• personal or private

• real or private

• real or personal

• personal or public

Subletting a property is always illegal.

• True

• False

Dedication involves giving personal property to a government entity, such as a city, for public use.

• True

• False