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26 Cards in this Set
- Front
- Back
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The right of a government body to take ownership
of real estate for public use is called: a. escheat b. eminent domai c. condemnation d. police power |
b. eminent domain
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A purchaser of real estate learns that his ownership rights could continue forever and that no other person can claim to be the owner or has any ownership control over the property. This person owns a:
a. fee simple interest b. life estate c. determinable fee d. condition subsequent |
a. fee simple interest
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A person owned the fee simple title to a vacant lot adjacent to a hospital and was persuaded to make a gift of the lot. She wanted to have some control over its use, so her attorney prepared her a deed to convey ownership of the lot to the hospital so long as it is used for hospital purposes." After completion of the gift, the hospital will own a :
a. fee simple absolute estate b. license c. fee simple determinable d. leasehold estate |
c. fee simple determinable
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Your neighbors use your driveway to reach their garage, which is on their property. Your attorney
explains that ownership of the neighbors' real estate includes an easement appurtenant giving hem the right to do this. Your property is the: a. leasehold interest b. dominant tenement c. servient tenement d. license property |
servient tenement
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A license is an example of a (an):
a. appurtenant easement b. encroachment c. personal privilege d. restriction |
c. personal privilege
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An appurtenant easement:
a. terminates with the sale of the property b. is a right-of-way for a utility company c. is revocable d. runs with the land |
d. runs with the land
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Which of the following is NOT an example of governmental power?
a. dedication b. police power c. eminent domain d. taxation |
a. dedication
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A property owner who has the legal right to use a neighbor's land holds a (an):
a. estate in land b. easement c. police power d. encroachement |
b. easement
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Which of the following is a legal life estate?
a. leasehold b. fee simple absolute c. homestead d. determinable fee |
c. homestead
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An owner conveys ownership of her residence to her church but reserves for herself a life estate in the residence. The future interest held by the church is a:
a. pur autre vie b. remainder c. reversion d. leasehold |
b. remainder
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An owner has a fence on his property. By mistake, the fence extends one foot over the lot line onto a neighbor's property. The fence is an example of a (an):
a. license b. encroachment c. easement by necessity d. easement by prescription |
b. encroachment
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A homeowner may be allowed certain protection from judgements of creditors as a result of the state's:
a. littoral rights b. curtesy rights c. homestead rights d. dower rights |
c. homestead rights
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A person has permission from a property owner to
hike on the owners property during the autumn months. The hiker has: a. an easement by necessity b. an easement by condemnation c. riparian rights d. a license |
d. a license
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A tenant who rents an apartment from the owner of the property holds a (an):
a. easement b. license c. freehold interest d. a leasehold interest |
d. a leasehold interest
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A tenant who rents an apartment form the owner of the property holds a (an):
a. easement b. license c. freehold interest d. leasehold interest |
d. leasehold interest
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Because a homeowner failed to pay the real estate taxes on time, the taxing authority imposed a claim against the homeowner's property. This claim is known as a(an):
a. deed restriction b. lien c. easement d. reversionary interest |
b. lien
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The type of easement that is a right-of-way for a utility
company's power lines is a (an): a. easement in gross b. easement by necessity c. easement by prescription d. nonassignable easement |
a. easement in gross
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The water rights of an owner of property located along the banks of a river are called:
a. littoral rights b. prior appropriation rights c. riparian rights d. hereditaments |
c. riparian rights
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All of the following will terminate an easement
EXCEPT: a. need no longer exists b. nonuse of a prescriptive easement c. abandonment of easement d. release of the right of easement to the dominant tenement |
d. release of the right of easement to the dominant
tenement |
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Four government powers are:
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police power
eminent domain taxation escheat |
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State power to enact legislation to protect general welfare of citizens
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police power
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What are ownership interest and are transferred using a deed
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estates
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WHAT ESTATES LAST FOR AN INDETERMINABLE LENGTH OF TIME, SUCH AS FOR A LIFETIME OR FOREVER:
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FREEHOLD ESTATES
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NON-FREEHOLD ESTATES IN WHICH THE LENGTH OF TIME CAN BE DETERMINED:
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LEASEHOLD
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AN ESTATE THAT HAS (2) CATEGORIES AND IS A QUALIFIED FEE ESTATE THAT IS SUBJECT TO THE OCCURRENCE OR NONOCCURENCE OF SOME SPECIFIED EVENT.
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FEE SIMPLE DEFEASIBLE
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WHAT ARE THE 2 CATEGORIES OF A FEE SIMPLE DEFEASIBLE ESTATE?
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DETERMINABLE / SUBJECT TO A CONDITION SUBSEQUENT
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