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9 Cards in this Set
- Front
- Back
Each of the following factors determine whether an item of personal property has become real property, except: (A)method of annexation or attachment; (B)cost of the item; (C)relationship between the parties; (D)agreement between the parties.
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(B) cost of the item
Cost is not a factor which determines when something has become a fixture. |
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Real property includes: (A)chattel mortgages; (B)trust deeds; (C)vegetation; (D)chose.
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(C)Vegetation
Vegetation is real property |
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Real property includes:
(A)fixtures; (B)anything incidental or appurtenant to the land; (C)most things which are immovable by law; (D)all of the above |
(D)all of the above
Fixtures, anything incidental or appurtenant to the land and most things which are immovable by law are real property. |
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In addition to the grant deed, is a separate contract required for the sale of stock in a mutual water company: (A)yes, stock is always personal property and must be transferred with a bill of sale; (B)no, stock in a mutual water company connot be sold; (C)yes, because stock in a mutual water company is chattel real; (D)no, water company stock runs with the land.
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(D)no, water company stock runs with the land.
...and does not require a seperate contract. |
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A trust deed was recorded against a property on 1-5-02. Work started on remodeling the property's kitchen on 2-1-02. A mechanic's lien was recorded on 3-15-02. Which lien has priority? (A)mechanic's liens always have priority; (B)the mechanic's lien has priority if the lender was notified of the remodeling project; (C)the trust deed has priority because it was recorded before the work began; (D)none of the above.
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(C)the trust deed has priority because it was recorded before the work began
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Which of the following notices would affect the filing date of a mechanic's lien?
a) notice of non-responsibility b) notice of cessation c) notice of completion d) all of the above |
D) The notice of non-responsibility. Notice of cessation and notice of completion all affect the filing date of a machanic's lien.
Pg 1-3 |
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The owner of a parcel of land granted an easement to the local telephone company to erect telephone poles across his land. This would create an: a) encroachment
b) encumbrance c) appurtenance d) estate at sufferance |
B) An easement is an encumbrance
pg 1-4 |
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All of the following terminate easements, except:
a) destruction of the servient tenement b) merger of the dominant and servient tenement c) non-use for five years of an easement created by express grant d) express release by the owner of the dominent tenement |
C) Non-use for five years of an easement would only terminate an easement created by prescription, not an easement created by express grant.
pg1-4 |
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The grant of an unlocated easement in a transfer of real property is:
a) void for lack of certainty b) valid c) invalid because an easement must be specifically located d) voidable because a deed cannot be used to created an easement |
B) The grant of an unlocated easement is valid.
pg 1-4 |