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Exam (elaborations)

REE 3433 Exam 5

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Exam of 2 pages for the course TAX 4001 at TAX 4001 (REE 3433 Exam 5)

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  • June 21, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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REE 3433 Exam 5
`Only the united states government and not the state government have the right to take
private property for public purposes - ANS-False

A due diligence environmental review typically involves a review of the public records,
interviews and questionaires with those familiar with the area, a visit to the site and an
analysis of any environmental records possessed by the seller. What is the name of this
Review? - ANS-Phase 1

A nonconforming use is different from a variance - ANS-True

A restrictive covenant will still be enforced if - ANS-it is more restrictive than the zoning
ordinance

American environmental policy tends to be consistent even when one political party
replaces another in presidency - ANS-False

An innocent purchaser of land will not be held liable for environmental cleanup if he first
conducts a due diligence environmental review - ANS-True

Even though restrictive covenants are agreements made among private parties they
can still colate the US Constitutional and some covenants, especially older - ANS-True

Herrington shoes inc - ANS-Herrington is still responsible "AS IS"

In eminent domain cases just compensation is considered the fair market value of the
property being taken - ANS-True

In exclusionary zoning cases all courts have decided that the zoning laws in question
are valid for ecological or environmental reasons - ANS-False

In order for a variance to be granted, there must be proof that: - ANS-Two of the above

In order to have standing a person must prove that he individually suffered an economic
injury - ANS-True

In purchasing a condominium, the most important document to the buyer is the master
deed. The master deed in most cases: - ANS-All of the above

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