RES 345 Week 2 Quiz | Assignment Help | Ashford University
- ashford university / RES 345
- 10 Jul 2019
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RES 345 Week 2 Quiz | Assignment Help | Ashford University
Question 1
A condominium unit cannot be mortgaged.
o True
o False
Question 2
A tenancy in partnership
o Is most like a joint tenancy
o Is most like a tenancy in common
o Requires unity in time
o Both a and b
o None of the above
Question 3
Commercial leases need not be in writing to be enforceable.
o True
o False
Question 4
In a community property state
o Each spouse owns whatever he/she earns during the marriage
o Spouses hold title to property in tenancy by the entirety
o Spouses share 50/50 in the income during the marriage
o None of the above
Question 5
Which unity is not required for tenancies in common?
o Time
o Possession
o Interest
o Both a and b
o Both a and c
Question 6
Premarital agreements on property distribution in the event of divorce
o Are void as against public policy
o Are recognized only in second marriages
o Will not apply if there are children born to the marriage
o None of the above
Question 7
Transfer restrictions on co op interests are invalid.
o True
o False
Question 8
A creditor of a single joint tenant
o Can foreclose on the entire parcel
o Will have priority in the entire parcel
o Can foreclose only on the joint tenant's interest
o None of the above
Question 9
Which is not a unity required for a joint tenancy?
o Time
o Person
o Title
o Interest
o None of the above
Question 10
A triple-net clause refers to a percentage of gross sales rental payment.
o True
o False
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