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AIC 301 EXAM QUESTIONS AND ANSWERS 2024
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AIC 301 EXAM QUESTIONS AND ANSWERS 2024
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AIC 301 EXAM 2024ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
What are the two legal elements of condominium ownership? - ANSWERS-The
two legal elements of condominium ownership are individual ownership of a unit,
or separate, defined area, and an undivided interest in common or public areas that
serve all individual units
QUESTION 2
Alfonzo owns a house that sits on a quarter-acre of land. Lately, he has been
irritated by a drone flying across his yard several times a day. As a landowner,
what are Alfonzo's limited rights over his airspace? - ANSWERS-An owner can
halt unauthorized intrusion into their airspace, such as projections from an
adjoining building or utility lines stretched across the airspace. But generally,
aircraft can be flown over land as long as it doesn't interfere unreasonably with the
owner's use and enjoyment of the land. In Alfonzo's case, he could likely put a stop
to the irritating drone he describes
QUESTION 3
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, AIC 301 EXAM 2024
Gloria has a peaceful stream passing through the property of her new home. As the
landowner, what are her water rights in this instance? - ANSWERS-As the owner
of the property with the stream passing through it, Gloria can use as much water
from the waterway as needed for domestic purposes. If she wished to use the water
for industrial purposes, she would have to limit herself to a reasonable amount and
consider downstream owners' needs.
QUESTION 4
What is the landlord's primary duty? - ANSWERS-The landlord's primary duty is
to deliver possession of the premises to the tenant on the lease's inception date.
QUESTION 5
Colin's apartment lease has terminated, but he refuses to move. How can his
landlord remedy this situation? - ANSWERS-The landlord can remedy Colin's
refusal to leave by evicting him with court assistance. The landlord must send
Colin a written notice terminating the tenancy and demanding possession. After a
period of time, the landlord can serve a summons and complaint, and a hearing will
be held. If the landlord establishes a right to possession, the court will enter an
order of repossession followed by a warrant of removal.
QUESTION 6
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, AIC 301 EXAM 2024
Abigail is a tenant in an apartment building. What are her primary rights and duties
as a tenant? - ANSWERS-Abigail's has a primary right to occupy the premises.
She must pay rent and leave the premises in the same condition it was in at the
lease inception, except for reasonable wear and tear.
QUESTION 7
Who is liable for injuries to third parties on rented or leased property? -
ANSWERS-Landlords are liable to third parties for injuries sustained on the leased
premises to the same extent they are liable to tenants. Liability is restricted to a
landlord's negligent acts or latent defects on the premises
QUESTION 8
Flynn wants to know what a document of title is. How is it defined under UCC 6-
201 (b) (16)? - ANSWERS-UCC 2-201 (b) (16) defines a document of title as a
bill of lading, dock warrant, dock receipt, warehouse receipt, order for the delivery
of goods, or any other document that, in the regular course of business or
financing, adequately proves that the possessor is entitled to receive, hold, and
dispose of the document and the goods it covers.
QUESTION 9
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