Which of the Following Is False Regarding a Condominium Interest

question 33

Multiple Choice

Which of the following is false regarding a condominium interest?

• A) The holder has exclusive ownership rights of a unit within the condominium.
• B) The holder shares joint tenancy with the other condominium owners over the land.
• C) The holder has tenancy in common with the other condominium owners over the buildings and improvements of the common areas of the development.
• D) The architecture and use of common areas are regulated by a condominium association.
• E) The condominium association has the power to levy assessments against the unit owners for maintenance of common areas.

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Definitions:

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.

Quantum Meruit

Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.

Promissory Estoppel

A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.

Quasi Contracts

Contracts imposed by courts to avoid unjust enrichment or unfair benefit, despite there being no formal agreement between the parties.