A holder of a _____ estate has a possessory but not an ownership interest.
A) fee simple absolute
B) life
C) conditional
D) leasehold
Answer: D
Business Multiple Choice Questions and Answers.
A) fee simple absolute
B) life
C) conditional
D) leasehold
Answer: D
A) is granted only for a period of 30 years to an individual.
B) typically passes to the heirs when the life holder dies.
C) typically goes to another party, designated by the original grantor, on the occasion of the life holder's death.
D) possesses the same interest as the owner of a fee simple absolute, but the future holder cannot claim any damages from the life holder.
Answer: C
A) bailment.
B) adverse possession.
C) condemnation.
D) mortgage.
Answer: B
A) Negligence per se
B) Contributory negligence
C) Assumption of the risk
D) Superseding cause
Answer: B
A) intentional tort
B) strict liability
C) negligence per se
D) last-clear-chance doctrine
Answer: B
A) damages or losses suffered by a plaintiff were above $5 million.
B) plaintiff would have suffered losses even if the defendant had fulfilled his or her duty of care.
C) defendant's actions were intended to cause injury to the plaintiff.
D) defendant could reasonably foresee the damages that the plaintiff suffered as a result of his or her action.
Answer: D
A) defendant intended to cause injury.
B) defendant failed to live up to the standard of care.
C) plaintiff suffered damages above $5 million.
D) plaintiff could not avoid the situation.
Answer: B