Unit 4 Review Game (Ch. 15 - 19)
Ch. 15: Real & Prop. Held &
Personal Prop.
Acquired
10
20
30
40
50
10
20
30
40
50
Chapter 16:
Bailments
Ch.17 Owning
& Leasing Prop
Chapter 18 Insurance
10
20
30
40
50
10
20
30
40
50
10
20
30
40
50
Chapter 19 –
Wills & Trusts
10
20
30
40
50
Property that includes land,
buildings and anything
permanently affixed.
Click Below to Reveal Answer
What is Real Property
CORRECT
INCORRECT
Intangible property created by
the intellect, such as patents,
copyrights and trademarks
Click Below to Reveal Answer
What is Intellectual
Property?
CORRECT
INCORRECT
The Nike Swoosh or the CocaCola Red & White Wave are
examples of this.
Click Below to Reveal Answer
What is a trademark?
CORRECT
INCORRECT
A sales customer list or
special recipe are examples of
this.
Click Below to Reveal Answer
What is Trade Secret
CORRECT
INCORRECT
The unauthorized copying,
sale, display or performance
of a protected work.
Click Below to Reveal Answer
What Copyright
Infringement.
CORRECT
INCORRECT
Owner doesn’t know where or
when possession of the
property went missing.
Click Below to Reveal Answer
What is Lost Property
CORRECT
INCORRECT
Property that is placed intentionally
then forgotten.
Click Below to Reveal Answer
What is Mislaid Property
CORRECT
INCORRECT
The growth of crops and
birth of offspring are
examples of this.
Click Below to Reveal Answer
What is Accession?
CORRECT
INCORRECT
Symbol of a gift given as
substitute instead of the
actual property.
Click Below to Reveal Answer
What is Constructive Delivery?
CORRECT
INCORRECT
If one of the joint owners dies, the
deceased co-owner’s interest is divided
equally among the remaining joint
tenants.
Click Below to Reveal Answer
What is the Right to
Survivorship.
CORRECT
INCORRECT
Physical possession of property
is transferred from one person to
another.
Click Below to Reveal Answer
What is a Bailment?
CORRECT
INCORRECT
Both parties benefit in this bailment
and the bailee is liable if negligent
Click Below to Reveal Answer
Mutual Benefit Bailment
CORRECT
INCORRECT
Only one party benefits from this
bailment and the bailee must provide
extraordinary care.
Click Below to Reveal Answer
What is a Gratuitous
Bailment
CORRECT
INCORRECT
Giving your keys to a valet
parker or a garage code to
maintenance worker are
examples of this
Click Below to Reveal Answer
Constructive bailment
CORRECT
INCORRECT
Caring for a lost dog or holding a package
delivered to the wrong house are examples
of this type of bailment where you only
have to provide minimal care.
Click Below to Reveal Answer
What Involuntary
Bailment
CORRECT
INCORRECT
Power to take private property for public use
by a state organization or corporation
authorized to exercise functions of public
character, following the payment of just
compensation.
Click Below to Reveal Answer
What is the Eminent Domain?
CORRECT
INCORRECT
States that the person extracting the
liquids from below ground level is
entitled to all that is extracted, even
that which came from under someone
else’s property.
Click Below to Reveal Answer
What is the Doctrine of
Capture?
CORRECT
INCORRECT
City or county regulation on the
location of residences, business &
industrial areas
Click Below to Reveal Answer
What is a Zoning
Ordinance?
CORRECT
INCORRECT
Promise made between
buyer & seller about use of
the land
Click Below to Reveal Answer
What is a Restrictive
Covenant?
CORRECT
INCORRECT
The right to use the real property of
another without possessing it
Click Below to Reveal Answer
What is an Easement?
CORRECT
INCORRECT
The potential to sustain a loss
Click Below to Reveal Answer
Insurable Interest
CORRECT
INCORRECT
Consideration paid by the
insured for a policy from the
insurer?
Click Below to Reveal Answer
Premium
CORRECT
INCORRECT
Term and Whole are examples of this
type of Insurance.
Click Below to Reveal Answer
What is Life Insurance?
CORRECT
INCORRECT
Collision and Comprehensive are
examples of this type of Insurance.
Click Below to Reveal Answer
What is Automobile?
CORRECT
INCORRECT
Fire insurance policy clause,
requires policyholder to
maintain coverage equal to a
percentage of the value of the
property.
Click Below to Reveal Answer
What is Co-Insurance?
CORRECT
INCORRECT
The transfer of some or all
property to another party with
direction from a third party.
Click Below to Reveal Answer
What is a Trust?
CORRECT
INCORRECT
Party that stands to benefit
from the creation of a trust or
will.
Click Below to Reveal Answer
What is a
Beneficiary?
CORRECT
INCORRECT
The maker of a will is known as
this.
Click Below to Reveal Answer
What is a Testator?
CORRECT
INCORRECT
Term used to describe when a person
dies without a will.
Click Below to Reveal Answer
What is Intestate?
CORRECT
INCORRECT
The statutory period of time
for filing claims against a will.
Click Below to Reveal Answer
What is 6 months?
CORRECT
INCORRECT
Final Jeopardy
Topic: Wills & Trusts
Click Below to Reveal Answer
Will dies without intestate. His estate is
worth 1.2 million and he has 200,000 of
debt, a spouse, 1 living son and daughter
that passed away. His daughter has 2
living children. How will his estate be
divided?
CORRECT
INCORRECT