Limitations or requirements about use of property are called

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Reference no: EM132129029

1. A hires B to work for his logging operation, which is dangerous work. A has B sign a contract that says that B will not sue A in the event of injuries that happen on the job. This contract, which is probably illegal is:

a. an unconscionable contract

b. a non-voidable contract

c. none of the other choices

d. promissory estoppel

e. detrimental reliance contract

2. When a wrongdoer harms a person's interest in land or personal possessions, this is referred to as:

a. a tort against property

b. a misdemeanor

c. none of the other choices

d. a contractual wrong

e. a libel against the person

3. Limitations or requirements about the use of property are called:

a. deeds

b. possessories

c. life estates

d. servitudes

e. profits

4. A "reasonable price":

a. is always "fair market value"

b. none of the other choices are correct

c. is completely arbitrary

d. is determined by a formula specified by UCC Article 2

e. is never "fair market value"

Reference no: EM132129029

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