Canadian Business Law - Real Property Agreements
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Questions and Answers

What type of legal relationship arises when personal property is borrowed, rented, stored, or found by a person other than its owner?

  • Constructive bailment (correct)
  • Special bailment
  • Lucrative bailment
  • Gratuitous bailment
  • Which type of bailment involves no money or other payment changing hands?

  • Gratuitous bailment (correct)
  • Constructive bailment
  • Lucrative bailment
  • Special bailment
  • What type of ownership rights in land allows the owner to do what they want, including transfer, sell, and dispose of it?

  • Life estate
  • Leasehold interest
  • Fee simple (correct)
  • Easement
  • Which type of interest in land lasts for the duration of a person's life and then automatically transfers to another upon death?

    <p>Life estate</p> Signup and view all the answers

    What is the right to use the land of another for a specific purpose called?

    <p>Easement</p> Signup and view all the answers

    In which type of bailment does the bailor lose personal property that comes into the possession of the bailee?

    <p>Constructive bailment</p> Signup and view all the answers

    Which of the following involves particular obligations imposed by statutes on certain bailment relationships?

    <p>Special bailment</p> Signup and view all the answers

    What type of temporary right allows occupancy of real property?

    <p>Leasehold interest</p> Signup and view all the answers

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