Baruch College Zicklin School RES 3000/LAW 3301 Spring 2020 Midterm

This document contains the solutions to the RES 3000/LAW 3301 midterm exam from Baruch College, Zicklin School of Business. The exam, administered in Spring 2020, included multiple-choice and essay questions. The provided solutions address legal issues related to property law, contracts, and real estate transactions. Specifically, the essay responses analyze scenarios involving breach of contract, lease termination, and property ownership types, including sole ownership, joint tenancy, and tenancy in common, with a focus on the rights and liabilities of the involved parties. The answers demonstrate an understanding of relevant legal principles and terminology, providing a comprehensive overview of the exam's key topics.

section 2
1 a. Hobbs can make more counter claims .Besides, they will be successful because prior
to the contract, the sewer line was not resolved, hence spilling unhealthy fluid in the
water system. Shaw became sick and thus is liable for treatment. Hobbs lies on the
condition of the home and claims it is fit instead of repairing
b. The court will award Shaw unrepaid rent by $5000 because it was in the contract
c. the lease could have been terminated by October 31, 2019
2. a. the condominium association can succeed in evicting Jack because he had violated
the terms of leasing. They can get rid of Jack by ending the lease terms and suing him in
the court od aw
b. the rule is not valid since prior to owning a unit, Jack had to abide with the minimum
rental period that was placed by the board of directors three years ago.
c. If this was a coop, the coop would have succeeded in evicting Jack because every coop
has terms and conditions that every tenant has to abide with. Failure to which , it would
call for further actions
3. a. sole ownership, occurs when a single person has total interest in asset or property i.e.
a child is interested in parent’s property. Joint tenancy, occurs when tenancy is not
limited to spouses but benefits shared between spouses. Joint tenancy with rights to
survivorship occurs when co-ownership is joint and there are liability rights of
survivorship. Tenancy in common refers to when interest can be owned in various
percentages. Finally, community property in which assets obtained during marriage are

not owned by the spouses hence each spouse owns equal share but considered as art of
community.
Dolores marries is to Truman as a second wife hence he is entitled ownership by the
entirety in which this type of ownership is usually available to marriage couples and thus
the property cannot be sold if the parties both the husband and the wife have not been in
agreement.
Quinn is Doleres on from the previous marriage hence he enjoys joint tenancy. This
refers to that ownership can be passed to him as the surviving tenant incase their parents
died. Since he is the son from another marriage, he needs not to be related under the joint
tenancy.
Mabel daughter from the current marriage has a sole ownership.
Ethel is Doleres daughter from the current marriage hence entitled sole ownership.
b. Quinn can sue his stepmother and half-sister for his share of Waxy Apple Farms in
Federal court because the case will involve federal and is based on parties from various
states.
c. Ethel can sell his interest if he engages in an agreement with Mabel and other family
members. Besides, the ownership relationship of Mabel and ExxonMobile is joint
tenancy in which the ownership is joint and he has liability rights for survivorship.
d. ExxonMobile can go to court to stop Quinn since this would mean a trespass to
someone’s property as she had sold her share. If one trespasses on the others property, he
or she can encounter trouble a possible lawsuit. ExxonMobile should issue warning to
Quinn that shows that she is not allowed to trespass the property. A fence should be
placed around the ExxonMobile with specific acts of crime outlined according to law.