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    RES 345 Week 2 Quiz | Assignment Help | Ashford University

    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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  1. RES 345 Week 2 Quiz | Assignment Help | Ashford UniversityQuestion 1A condominium unit cannot be mortgaged. a) True
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