You and Your Friend Recently Bought a Duplex

question 131

Multiple Choice

You and your friend recently bought a duplex. You rent out the downstairs and live in the upstairs suite. As the owner and occupier, you have acquired certain rights and responsibilities. Which of the following statements about the law relating to land is false?

• A) You could sue for the tort of private nuisance if someone used his property in such a way that it interfered with your use and enjoyment of your property.
• B) The use of your property is partly governed by the Occupiers' Liability Act.
• C) If you bring something onto your property that is inherently dangerous and it escapes, causing damage to others, you will be liable even if you were very careful and did not intend to harm anyone.
• D) If there were an accident out front and a car was knocked onto your yard, you could sue the driver in that car for trespass.
• E) Your tenants have a duty to take reasonable steps to make sure that a visitor is reasonably safe when in their suite.

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Definitions:

Carrying Value

The recorded cost of an asset in a company's books, less any accumulated depreciation or amortization.

Face Value

The nominal value printed on a financial instrument, such as a bond or stock certificate, representing its worth as stated by the issuer.

Bond Interest Paid

The amount paid by the issuer of a bond as interest to the bondholders, usually expressed as a fixed percentage of the principal.

Discount

A reduction from the usual cost of something or the act of lowering the price.