Question

In: Accounting

True or false, please explain 1. The landlord's duty to provide quiet enjoyment of the premises...

True or false, please explain

1. The landlord's duty to provide quiet enjoyment of the premises and the landlord's duty to deliver and maintain the premises in a habitable condition are one and the same

2. A person can acquire ownership of unowned personal property by taking possession of it.

3. Sally dies without having made a will. Sally died testate

4. For an order paper to be negotiated, there must be delivery and indorsement.

5. Able finds a leather jacket that had been abandoned by Baker. Able is now the owner of that jacket unless Baker comes back to claim it.

6. Jack and Jill are married and they are purchasing their first home. They will most likely take the deed to the property as tenancy by the entity

7. Ted and Ginger are friends and they decide to buy real estate together. Ted owns 60% of the property and Ginger owns 40%. They are tenants in common.

8. A will can be created to come into effect during one's lifetime.

9. In a sublease, there is no legal relationship between the landlord and the sublessee.

10. Mandy signs her name with the symbol . Mandy can use this symbol to sign a negotiable instrument and it is legal

Expert Solution

As the country to which these cases belong are not given, we have answered each question by taking whether it is true or false in most countries

1) False

These two are two different duties of landlord.

2) True

Taking possession is one of the methods of acquiring ownership of an unowned personal property.

3) False

Testate is a person who is died after signing a valid will

4) True

Delivery and indorsement are prior requirements to negotiate an Order paper

5) False

A finder of lost goods cannot have ownership but finder of abandoned goods can obtaino ownership. In the given case, it is taken as lost goods. There exists a Bailee and bailor relationship.

6) True

In general a married couple would take "A tenancy in entirety" which will make equal joint owners with survivorship rights

7) True

In Tenancy in common, the ownership rights need not be equal and the owners need not be wife and husband.

8) False

A will can come into effect only after the demise of the testator

9) True

In a sublease there is no privity of contract between the landlord and sublessee

10) True

A signature also includes a symbol used with an intention to authenticate the writing or instrument. (Even for a negotiable instrument)

ekkarill92 answered 1 year ago

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