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15 Cards in this Set
- Front
- Back
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Which of the following is NOT atest of a fixture? A. The intention of the personwho attached it, as expressedin a listing agreement B. The cost of the item C. How the item was attached tothe real property D. What was agreed to in theReal Estate Purchase Agreement |
B. The cost of the item |
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Situs refers to which of thefollowing? A. Location B. Fixtures C. Emblements D. Lateral support |
A. Location |
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A display cabinet in a retail storewould be considered: A. a trade fixture and realproperty B. a trade fixture and personalproperty C. a fixture and real property D. a fixture and personalproperty |
B. a trade fixture and personalproperty |
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If an item has been severed fromreal property, it would NOT beconsidered which of the following? A. Chattel B. Personalty C. Appurtenant D. Personal Property |
C. Appurtenant |
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When building a retaining wall,which of the following is theowner of the land providing? A. Lateral Support B. Emblement C. Accession D. Severance |
A. Lateral Support |
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"Attached to the land or the deed,"defines: A. Accession B. Appurtenant C. Alienation D. Acceleration |
B. Appurtenant |
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Crops which have been nurtured inthe year of the transfer areconsidered: A. trade fixtures B. appurtenant C. an example of severance D. emblements |
D. emblements |
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Water or mineral rights would beconsidered: A. personal property B. real property C. it depends on how they’reused D. they are rights, not a kind ofproperty |
B. real property |
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Which of the following is a truestatement about trade fixtures? A. Attachment is not an issueone way or the other. B. The method of attachment issignificant. C. Whether the business ownsthe property or is renting it isimportant. D. Only attached items areconsidered trade fixtures. |
A. Attachment is not an issueone way or the other. |
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Which of the following would beconsidered chattel? A. Fence B. Water right C. Tractor D. Barn |
C. Tractor |
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“No two parcels of real propertyare exactly the same," is thedefinition of: A. a fixture B. an emblements C. subterranean support D. non-homogeneous |
D. non-homogeneous |
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Which of the following is true? A. A bill of sale transfersownership to real propertyonly. B. A bill of sale can transferownership to real propertyand/or personal property. C. A deed transfers ownership toreal property only. D. A deed typically transfersownership to real property,but can transfer ownership topersonal property if providedfor in the Real EstatePurchase Agreement. |
C. A deed transfers ownership toreal property only. |
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The process of nature adding to thereal property is called: A. Situs B. Accession C. Severance D. Improvement |
B. Accession |
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A barber's chair in a barber shopwould be considered: A. a fixture B. a trade fixture C. emblements D. alluvion |
B. a trade fixture |
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When real property is detachedfrom real property, it is a processcalled: A. Situs B. Severance C. Accession D. Appurtenant |
B. Severance |
