Lease v Licenses

Lease v Licenses

University

25 Qs

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Lease v Licenses

Lease v Licenses

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

colm barcoe

Used 6+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Occupier has permission to use the premises, but has no estate or interest in it

Licensee
Tenant
Owner
Lessee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bare licence?

A bare licence is a legal document that transfers ownership of a property.
A bare licence is a type of insurance policy for property owners.
A bare licence is a permission given by the owner of a property to another party to enter or use the property for a specific purpose without creating any legal interest in the property.
A bare licence is a contract that guarantees exclusive use of a property.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an IRI lease?

An IRI lease is a type of lease agreement for renting cars
An IRI lease is a type of lease agreement for renting office space
An IRI lease is a type of lease agreement for renting clothing

An internal repair lease

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a contractual license?

A license that allows unlimited use of an asset
A license that can be revoked at any time without notice
A license granted without any legal backing
A license granted by one party to another party, typically outlined in a legal contract, allowing the second party to use a specific asset or intellectual property.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of a license?

A type of vehicle
Legal permission to do something with a specific resource or property.
A type of food
A type of clothing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a restrictive user covenant in a lease?

A restrictive user covenant in a lease allows unlimited use of the property.
A restrictive user covenant in a lease pertains to the landlord's obligations.
A restrictive user covenant in a lease is related to property taxes.
A restrictive user covenant in a lease limits how the tenant can use the property.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following scenarios does not describe a situation in which we might expect a license to arise?

Property is patented

A right of way over a neighbour's land.

Property is open-source

Property is trademarked

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