Stronger form of ownership than fee simple absolute

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Reference no: EM132185145

1. Under a sublease, the landlord can sue either the sublessor (tenant) or the subleassee to recover any missed rent payments

True

False

2. A Life Estate is a stronger form of ownership than a Fee Simple Absolute.

True

False

3. Although the accountant’s work papers are his or her property, the accountant must transfer them upon request by the client.

True

False

4. A two year lease must be in writing.

True

False

5. Under common law, a bailee is given the right to retain possession of the bailed property until the bailee has been paid for any charges for storage or repairs. This right is called:

mechanic’s lien.

bailee’s bond.

bailee’s rescission.

conversion in trust.

6. A gift is only valid if the donee gives some consideration for the property that the donor gives.

True

False

Reference no: EM132185145

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