GBU 204 Final

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xSLYx
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56016
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GBU 204 Final
Updated:
2010-12-15 02:24:29
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GBU 204 Final Exam
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  1. 5 protected classes
    • Race
    • Sex
    • Religion
    • National Origin
    • Age
  2. A bundle of rights, in relation to others, to possess, use, and dispose of a tangible or intangible object
    Property
  3. 3 types of property
    • Real property
    • Personal property
    • Intellectual property
  4. An item that is initially a piece of personal property but is later attached permanently to the realty and is treated as a part of the realty.
    Fixture
  5. Land and everything permanently attached to it.
    Real property
  6. Right to own and possess the land against all others, without conditions. Most all-encompassing interest. Right to possess for life and to devise to heirs upon death.
    Fee Simple Absolute
  7. Right to own and possess the land, subject to a condition whose happening (or nonhappening) will terminate the estate.
    Conditional Estate
  8. The right to own and possess the land until one dies; subject to restriction against waste.
    Life Estate
  9. Right to possess property for an agreed-upon period of time
    Leasehold
  10. An irrevocable right to use some portion of another's land for a specific purpose.
    Easement
  11. Form of co-ownership of real property in which owners may have equal or unequal shares of the property, may sell their shares without the consent of the other owners, and may have their interest attached by creditors.
    Tenancy in common
  12. Form of co-ownership of real property in which all owners have equal shares in the property, may sell their shares without the consent of the other owners, and may have their interest attached by creditors.
    Joint Tenancy
  13. Acquiring ownership of realty by openly treating it as one's own, with neither protest nor permission from the real owner, for a statutorily established period of time.
    Adverse Possession
  14. 3 requirements to claim Worker's Compensation
    • Employee; not independent contractor
    • Claimant and employer are covered by the stae worker's comp statute
    • Injury occurred on the job and while acting within the scope of employment
  15. FUTA
    Federal Unemployment Tax Act
  16. FMLA
    Family and Medical Leave Act
  17. FMLA provides up to how many weeks of leave? Paid or unpaid?
    • 12 weeks
    • Unpaid
  18. OSHA
    Occupational Safety and Health Act
  19. A regulatory act designed to provide a workplace free from recognized hazards that are likely to cause death or serious harm to employees.
    OSHA
  20. What 5 circumstances does FMLA cover?
    • Birth
    • Adoption
    • Foster child placement
    • Seriously ill spouse, parent or child
    • Seriously ill employee

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