Smith and Robersons Business Law Study Set 1
Quiz 49 :
Transfer and Control of Real Property
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Q11 Q11 Q11
Murphy and her child, who are both Caucasian, are seeking an apartment. Murphy is not married and never has been. Grant owns an apartment complex with 8 units ready to rent. Grant will not be violating any laws by his refusal to rent to Murphy and her child on the basis that Murphy is a single, unwed mother.
Q54 Q54 Q54
Jan owns lots in the Cruz neighborhood, where she was planning to build an 8-story apartment complex. Cruz has adopted a single-family dwelling ordinance that encompasses Jan's lots. Jan goes to the library and finds she can attempt to get judicial review of ordinances based on which of the following?
Q73 Q73 Q73
Ellen's driveway is actually on Richard's land, but in 20 years nobody has ever said anything to Ellen about it. When Richard sells his house, a survey shows the problem and the new owner demands that Ellen abandon use of the driveway. Will she have to move her driveway?
Q84 Q84 Q84
Ann sells to Bob property, which has a $50,000 mortgage in favor of First Bank. Bob purchases the property subject to the mortgage. The value of the property declines and there is a default on the mortgage. When First Bank forecloses, the property sells for only $30,000. a. Can First Bank recover the $20,000 balance from Bob? Explain. b. Can First Bank recover the $20,000 from Ann? Explain. c. What rights does Bob have during and after the foreclosure? No, Bob purchased the property "subject to" the mortgage. This means that the