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20 Cards in this Set
- Front
- Back
- 3rd side (hint)
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In a technical sense, the term "property" refers to:
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a. rights or interests in the thing owned
b. a freehold estate c. personal property only d. land and building only |
a. rights or interests in the thing owned
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Disputes arise regarding ownership of personal property because personal property can:
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a. be pledged
b. be alienated c. be hypothecated d. become real property |
d. become real property
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Which of the following is considered real property?
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a. Timber
b. Airspace above the land c. Unharvested crops under a prior sales contract d. Landfill soil being hauled |
b. Airspace above the land
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Which of the following is considered personal property?
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a. Mineral Rights
b. Leases c. All improvements to land d. Trees growing in a natural forest |
b. Leases
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A running stream is considered:
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a. personal property
b. real property c. a fixture d. a chattel |
b. real property
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Which of the following statements concerning riparian rights is not correct?
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a. A riparian owner may convey any part of his or her land that is not immediately adjacent to the river.
b. If a riparian owner conveys part of his or her land that is not immediately adjacent to the river, riparian rights are not conveyed with the that property. c. Riparian rights may not be severed from the property by perscription or condemnation. d. The owner of adjacent land may not lawfully divert all available water and thereby deprive a riparian owner of water. |
c. Riparian rights may not be severed from the property by prescription or condemnation.
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Which of the following is considered personal property?
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a. An easement
b. Mineral rights c. Tress growing in a forest d. An existing mortgage |
d. An existing mortgage
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Which of the following is considered appurtenant to land?
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a. Something acquired by legal right and used with the land for its benefit
b. A right-of-way over another's adjoining land c. Stock in a mutual water company d. All of the above |
d. All of the above
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Of the following, which is not one of five general tests of a fixture?
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a. Method of attachment
b. Time of attachment c. Adaptability of the item d. Intention of the parties |
b. Time of attachment
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Which of the following is considered real property?
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a. A bearing wall in a sing-family residence
b. A maturing grape crop that will be harvested later and is governed by a sales contract c. Trade fixtures installed by a tenant that are removable without damage d. A built-in refrigerator in a mobile home that is not attached to a permanent foundation |
a. A bearing wall in a single-family residence
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"Of indefinite duration" is a phrase that describes an:
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a. estate for years
b. estate from period to period c. estate of inheritance d. less-than-freehold estate |
c. estate of inheritance
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If Jones conveys to Ford a portion of Jones' fee estate for a term less than his own Jones' own interest would be:
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a. remainder
b. reversion c. vested sufferance d. fee defeasible |
b. reversion
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Which of the following is a less-than-freehold estate?
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a. Life estate
b. Estate of inheritance c. Estate for years d. Estate in remainder |
c. Estate for years
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An uncle left his nephew 2/3 interest and left his nephew's wife 1/3 interest in real property jointly and without the right of survivorship. They will assume title to an estate that is classified as:
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a. community property
b. joint tenancy c. tenancy in common d. partnership |
c. tenancy in common
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Ownership is severalty would most likely involve:
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a. a fee simple defeasible estate
b. tenancy in common c. ownership with other parties d. sole ownership |
d. sole ownership
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Three people own equal interests in a parcel of land as tenants in common. Without the consent of the others, one of the co-tenants leased the entire parcel to another party for agricultural purposes. Such a lease would be:
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a. valid and binding for all three co-tenants.
b. invalid because land owned by multiple owners may not be leased c. valid, provided that the term did not exceed 51 years. d. invalid, because one co-tenant cannot obligate the other co-tenants for a lease of the whole property without their consent. |
d. invalid, because one co-tenant cannot obligate the other co-tenants for a lease of the whole property without their consent
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The words "time, title, interest, and possession" are most closely related to which of the following concepts?
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a. Severalty
b. Survivorship c. Sole Ownership d. Adverse Possession |
b. Survivorship
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How are a joint tenancy interest and a community property interest alike?
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a. Ownership interests are equal.
b. Only a husband and wife are involved. c. Both owners must join in any conveyance d. Both provide the right of survivorship |
a. Ownership interests are equal.
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Chris, Jordan, and Logan took title to a property as joint tenants. Chris sold her share to Payton, and then Jordan died. Who owns the property now?
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a. Logan owns 2/3 and Payton owns 1/3 as tenants in common
b. Logan, Payton, and Jordan's heirs own the property 1/3 each as joint tenants. c. Logan owns 2/3 and Payton owns 1/3 as joint tenants. d. Logan, Payton, and Jordan's heirs own the property 1/3 each as tenants-in-common. |
a. Logan owns 2/3 and Payton owns 1/3 as tenants in common
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An agreement for the sale of community property made by one spuse only is considered:
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a. valid
b. illegal c. enforceable d. unenforceable |
d. unenforceable
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