Ca Real Estate Principles Ch 2

Front 1

Rights of possession, use, enjoyment, encumbrance and transfer are all
characteristics of:

Back 1

Bundle of Rights

Front 2

What are the two types of freehold estates?

Back 2

Fee Simple and Leasehold Estate

Front 3

Property is considered:
A. Anything that can be owned
B. Real
C. Personal
D. All of the above

Back 3

C. Personal

Front 4

An example of real property is:
A. Grain harvested from harvest
B. Car
C. The airspace immediately above the property
D. Money

Back 4

C. The airspace immediately above the property

Front 5

Which one of the following examples is not considered a fixture?
A. Ceiling fan
B. Space heater
C. Custom made window coverings
D. Dishwasher

Back 5

C. Custom made window coverings

Front 6

Trade fixtures are considered:
A. Personal property
B. Real property
C. Both A and B
D. Neither A nor B

Back 6

C. Both A and B

Front 7

All of the following are descriptions of land EXCEPT:
A. Lot, block and tract system
B. Metes and bounds
C. U.S. government section and township survey
D. Encroachment

Back 7

D. Encroachment

Front 8

Possession, use, enjoyment, encumber and transfer are all characteristics of:
A. Life Estate
B. Bundle of Rights
C. Deeded Rights
D. Real Property

Back 8

B. Bundle of Rights

Front 9

The concept under the bundle of rights that allows a land owner to use his or her
property as collateral to secure a loan is:
A. Transfer
B. Reversion
C. Mortgage
D. Encumber

Back 9

D. Encumber

Front 10

What does an estate refer to?
A. Land
B. Property
C. Ownership
D. Buildings

Back 10

C. Ownership

Front 11

What are the two types of freehold estates?
A. Fee Simple and Life Estate
B. Absolute and Qualified
c. Defeasible and Life Estate
d. Fee Simple and Leasehold Estate

Back 11

A. Fee Simple and Life Estate

Front 12

Which of the following conditions are characteristics of a Fee Simple Absolute Estate?
A. Provides the owner with the most bundle of rights
B. Holds no limitations or conditions
C. Can be conveyed by a will
D. All of the above

Back 12

D. All of the above

Front 13

In reference to a life estate, a measuring life is:
A. the life duration of the grantor of the life estate
B. the life duration of the person on whose life the estate is based
C. a life estate in reversion
D. None of the above

Back 13

B. the life duration of the person on whose life the estate is based

Front 14

All of the following characteristics are correct regarding a leasehold estate EXCEPT:
A. The owner of a leasehold estate possesses more bundles of rights than a
free hold estate.
B. The owner of the leasehold has exclusive right of possession.
C. The landlord holds title to the property.
D. People holding a leasehold estate are referred to as tenants or renters.

Back 14

A. The owner of a leasehold estate possesses more bundles of rights than a
free hold estate.

Front 15

Which of the following are considered the lowest form of estate?
A. Fee Simple Defeasible
B. Estate at Will
C. Estate at Sufferance
D. Estate in Reversion

Back 15

C. Estate at Sufferance

Front 16

All of the following are characteristics of a lease EXCEPT:
A. Every lease is considered a contract whether it is written or oral.
B. Tenants are required to sign all written contracts.
C. All contracts are backed by some form of consideration.
D. Written contracts may not be altered orally.

Back 16

B. Tenants are required to sign all written contracts.

Front 17

Property is considered:
A. Anything that can be owned
B. Real
C. Personal
D. All of the above

Back 17

D. All of the above

Front 18

An example of real property is
A. Grain harvested from harvest
B. Car
C. The airspace immediately above the property
D. Money

Back 18

C. The airspace immediately above the property

Front 19

Which of the following is NOT considered a water right for a property owner?
A. Riparian
B. Right of appropriation
C. Littoral
D. Emblement

Back 19

D. Emblement

Front 20

Another term for personal property is:
A. Chattel
B. Appurtenance
C. Fixture
D. MARIA

Back 20

A. Chattel

Front 21

Property can change from real to personal and back to real property.
A. True
B. False

Back 21

A. True

Front 22

Which one of the following examples is not considered a fixture?
A. Ceiling fan
B. Space heater
C. Custom-made window coverings
D. Dishwasher

Back 22

B. Space heater

Front 23

Which one of the following is NOT considered a test of a fixture?
A. Method of attachment
B. Emblement
C. Relationship between parties
d. Adaptability

Back 23

B. Emblement

Front 24

Trade fixtures are considered
A. Personal property
B. Real property
C. Both A and B
D. Neither A nor B

Back 24

A. Personal property

Front 25

All of the following are descriptions of land EXCEPT
A. Lot, block and tract system
B. Metes and bounds
C. U.S. government section and township survey
D. Encroachment

Back 25

D. Encroachment

Front 26

Metes and bounds land descriptions are most commonly used when
A. land is irregularly shaped and would be difficult to describe with any other
system.
B. developers divide up land into lots and record a plat map.
C. using meridians and baselines.
D. using a grid system.

Back 26

A. land is irregularly shaped and would be difficult to describe with any other
system.

Front 27

A plot of land containing 36 square miles most likely describes
A. 1 township
B. 6 townships
C. 36 sections
D. Both A and C

Back 27

D. Both A and C