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In January, Erwin told David, his nephew, that he would give him a car when he graduates from college. David graduated in May. If Erwin refuses to give David a car, David can sue him for breach of an inter vivos gift.

If you grant a nonpossessory interest to Eagle Logging to enter your land and remove timber from ten acres, you have granted Eagle a profit.

Owners in a joint tenancy with the right of survivorship cannot transfer their interest during their lifetime.

In many states today a landlord must use reasonable care to maintain safe premises and is liable for foreseeable harm.

Jody loaned her neighbor, Phil, her snow blower. Phil set it near his driveway, and later accidentally ran over and destroyed it. In a suit to recover damages, Jody as plaintiff has the burden of proving that Phil was negligent and caused the destruction of her snow blower.

Juan has the right to walk (or drive) across his neighbor’s property to reach the highway. Juan’s right is referred to an easement appurtenant which runs with the land.

After a meeting with his advisor to register for a class at State University, Ron forgot his calculator in the dean’s outer office. Theresa, another student, found the calculator. The calculator is treasure trove and Theresa may keep it.

Quiz 08 concerns material from Chapters 28 and 31 of your textbook.THIS IS A CLOSED-BOOK/CLOSED NOTEBOOK QUIZ. You will have 15 minutes to complete the quiz, which contains 15 multiple choice questions. A total of 30 points may be earned.Once the timer begins, you may leave the quiz, but the timer will continue to run. You will have 15 minutes to complete the quiz for full credit.  Exceeding the time limit will result in loss of points.Good luck!

The form of business ownership that is the most easily transferable is the:

The business form that is taxed as a partnership and gives all owners limited liability, is: