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BUSA 2106 TEST 2 MULTIPLE CHOICE QUESTIONS AND ANSWERS 2024/2025 €12,72
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BUSA 2106 TEST 2 MULTIPLE CHOICE QUESTIONS AND ANSWERS 2024/2025

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  • BUSA 210
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  • BUSA 210

Your textbook suggests that property promotes prosperity in three ways. Which way occurs by allowing people to keep and benefit from what they produce, thereby motivating effort? A) incentive B) divisibility of resources C) profitability of business D) establishes the conditions necessary for...

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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


BUSA 2106 TEST 2 MULTIPLE CHOICE
QUESTIONS AND ANSWERS 2024/2025
Your textbook suggests that property promotes prosperity in three ways. Which way occurs

by allowing people to keep and benefit from what they produce, thereby motivating effort?

A) incentive

B) divisibility of resources

C) profitability of business

D) establishes the conditions necessary for capital formation

→ A


According to your Power Point Lecture, which of the following is considered a fixture?

A carpeting that is glued to the floor

B) car

C) clothes

D) loose carpeting (like a rug)

→ A


Which one of the following is accurate regarding air rights?

A) you can exclude jetliners flying over your house

B) you own the air above your house to the extent that you can occupy or use it in connection

with the land

C) you cannot sell your air rights for development



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,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

D) you do not own any of the air above your house

→ B


Which one of the following is NOT accurate regarding subsurface rights?

A) you cannot sell subsurface rights separately from the land (i.e. they are bundled together)

B) the rule of capture may limit the amout of resources (oil, gas, or water) that flow

underneath your land

C) subsurface rights may be able to be separated from the land and sold

D) liquids, like oil and water, and gases, like natural gas, can flow from one parcel to another


→ A


Tommy and Gayle own an estate together. Tommy owns 35% and Gayle owns 65%, what

type of concurrent estate is this?

A) tenancy in common

B) joint tenancy

C) dual tenancy

D) multiple tenancy


→ A


______ represents the maximum estate allowed under law, the owner having the fullest legal

rights and powers to possess, use, and transfer the land.

A) Simplified Controlled

B) Fee Simple


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,2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

C) Maximum

D) Full


→ B


The right to cross over land is called?

A) an easement

B) a crossing

C) passage

D) bailment

→ A


You sell your house. While you are waiting to move into your next house, you store your

furniture and appliances with KW Storage. What type of special property application

situation is this?

A) the property with the right of redemption

B) a bailment

C) transportation estate

D) an easement

→ B


The most common way to acquire property is?

A) confusion

B) exchange

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C) gift

D) accession


→ B


Which type of resource acquistion method requires intent and delivery?

A) new possession

B) exchange

C) gift

D) accession

→ C


An asteroid falls to the earth and lands in your back yard. The asteroid contains gold which

has never been owned before. What resource aquisition method would allow you to claim the

gold/asteroid as your own?

A) accession

B) first possession

C) new possession

D) abandonment

→ B


According to your Power Point Lecture, which one of the following is a deed that provides you

with the least protection?

A) quick claim


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