Lance owns an apartment building. He and Tom orally agree that Tom will lease an apartment in the building for one year. They do not decide what the rental price will be. Is the agreement valid and enforceable? No, because price is a material term; and a contract is void if a material term is missing from the agreement No; because a transfer of an interest in real estate must be in writing to be enforceable Yes; and Tom gets to live in the apartment rent-free because Lance should have put a rental price clause in the contract if he wanted to collect rent Yes; and the court will insert a “reasonable” rental price, based on fair market value for the rental

New City passes a zoning law that states that strip clubs are not allowed in, or within 5 miles of, residential areas. Slick leases a store to Shady in a commercial area that is three miles from Hamlet, a residential area, knowing full well that Shady intends to open a strip club. Sure enough, Shady opens a strip club. What can Slick do about this situation? He can collect back rent from Shady He can bring an ejectment action against Shady He can enforce the lease, under its original terms, against Shady, and enjoin Shady from using the property for illegal activities All of the above

Opie owns Pinkacre. Anthony holds a term of years in Pinkacre that is set to end on December 31, 2009. On January 1, 2004, a pipe bursts in a house on Pinkacre, causing severe damage to the house. After an estimate, Anthony learns that it will cost over $50,000 to redo the house plumbing so that the damage to the infrastructure can be repaired and such future incidents can be prevented. Must Anthony spend the money necessary to fix the plumbing in the house? Yes No

New City passes a zoning law that states that strip clubs are not allowed in, or within 5 miles of, residential areas. Slick leases a store to Shady in a commercial area that is three miles from Hamlet, a residential area, because Shady tells Slick that she wants to open a free library for handicapped homeless children. In fact, Shady wants to, and does, open a strip club on the leased premises. What can Slick do about this situation? He can collect back rent from Shady He can bring an ejectment action against Shady He can enforce the lease, under its original terms, against Shady, and enjoin Shady from using the property for illegal activities All of the above

Tim rents an apartment from Lisa. During his tenancy, Tim has a chandelier installed in the dining room of his apartment. When his term expires, Tim wants to take the chandelier with him. Unfortunately, removing the chandelier from the ceiling would require that the entire middle of the ceiling be torn apart and put back together after the chandelier is taken out. Tim nevertheless insists on being allowed to take his chandelier. May he do so? Yes, because it’s his chandelier Yes, because the chandelier is movable property and not real estate Probably not, because the damage that removing the chandelier will cause tends to indicate that the chandelier will be treated as a fixture Definitely not, because any property that is attached to real property is automatically considered a fixture.

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