You and Your Friend Recently Bought a Duplex

question 104

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 true?

• A) You could sue for the tort of negligence 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 Personal Property Securities 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 no duty to take reasonable steps to make sure that any person is reasonably safe when in their suite.

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Definitions:

Insurance Coverage

Protection provided by an insurance policy against risk or loss, detailing what and how much is covered under specific circumstances.

Theft

The act of unlawfully taking someone else's property with the intent to permanently deprive them of it.

Lost Profits

Income that a business does not receive due to disruptions, such as breaches of contracts or other damages, which could have been earned if the disruption had not occurred.

Property Insurance

A type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.