CA Legal Aspects Final exam

Question 1

If a property owner wants to build a small addition to their house, which does not comply with the local zoning resolution, they must obtain a?
Special Permit
Directed Development
Reconsideration
Variance

Answer 1

Variance

Question 2

A mechanic's lien is an example of a?
Judgment lien
General lien
Voluntary lien
Specific lien

Answer 2

Specific lien

Question 3

Examples of specific liens include:

Answer 3

Property taxes, mortgages, vendor’s lien, mechanic’s lien, vendee’s lien, and attachment lien.

Question 4

Which of the following must include at least 100 investors?
Syndication
Condominium
REIT
Cooperative

Answer 4

REIT

Question 5

According to the ADA, companion animals are also known as?
Support animals
Domestic animals
Service animals
Working animals

Answer 5

Service animals

Question 6

Common law is derived from?
Legislation
State senate
Court decisions
Federal Acts

Answer 6

Court decisions

Question 7

According to this principle, a judges decision may be made on precedent?
Ad valorem
Caveat emptor
Judicial review
Stare decisis

Answer 7

Stare decisis

Question 8

This refers to personal property that is given by the terms of a will?
Testate
Bequest
Conveyance
Grant

Answer 8

Bequest

Question 9

This Act helped eliminate kickbacks and referral fees between real estate brokers and mortgage brokers?
ADA
Civil Rights Act of 1968
RESPA
Federal Fair Credit Reporting Act

Answer 9

RESPA

Question 10

An open listing is an example of what type of contract?
Unilateral contract
Options contract
Bilateral contract
Implied contract

Answer 10

Unilateral contract

Question 11

Which of the following is primarily concerned with the physical aspects of a subdivision?
CC&Rs
State building codes
Subdivisions Map Act
Subdivided Lands Act

Answer 11

Subdivisions Map Act

Question 12

This type of deed is the most commonly used deed in California?
Voluntary Deed
Quitclaim Deed
Warranty Deed
Grant Deed

Answer 12

Grant Deed

Question 13

The lessee is also known as the?
Broker
Seller
Landlord
Tenant

Answer 13

Tenant

Question 14

A fixture test takes into account which of the following?
Any written agreements
All of the above (need verify)
The method of attachment
The intention of the parties

Answer 14

All of the above

Question 15

A partition may be used to terminate what form of ownership?
Tenancy in common
Joint tenancy
Corporation
Ownership in severalty

Answer 15

tenancy in common

Question 16

If a borrower defaults on a loan, the lender may exercise which of the following clauses?
Acceleration clause
Termination clause
Default clause
Prepayment clause

Answer 16

Acceleration clause

Question 17

Real property equals real estate plus?
Attachments
Land
Fixtures
The bundle of rights

Answer 17

The bundle of rights

Question 18

This refers to the doctrine that if a party changes his or her position substantially, either by acting or forbearing from acting in reliance upon a gratuitous promise, then that party can enforce the promise although the essential elements of a contract are not present?
Stare decisis
Statute of limitations
Promissory estoppel
Executory enforcement

Answer 18

Promissory estoppel

Question 19

Which of the following is an example of a non-freehold estate?
Life estate
Leasehold estate
All of the above
Fee simple estate

Answer 19

Leasehold estate

Question 20

A simple will that uses a standard legal form, containing provisions required by State law, is known as a?
Statutory will
Joint will
Express will
Holographic will

Answer 20

Statutory will