Exam 8: The Property System
Exam 1: Introduction to Law95 Questions
Exam 2: The Court System119 Questions
Exam 3: Litigation118 Questions
Exam 4: Alternative Dispute Resolution119 Questions
Exam 5: The Constitution129 Questions
Exam 6: Contracts110 Questions
Exam 7: Torts115 Questions
Exam 8: The Property System107 Questions
Exam 9: Intellectual Property110 Questions
Exam 10: Criminal Law109 Questions
Exam 11: Business Organizations115 Questions
Exam 12: Employment Discrimination116 Questions
Exam 13: Business in the Global Legal Environment109 Questions
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Property that is not uniquely identifiable and is subject to easy mutual substitution is called:
Free
(Multiple Choice)
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Correct Answer:
A
Distinguish between fee simple absolute and fee simple defeasible.
Free
(Essay)
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Different types of interests may be owned in real property.The most complete ownership interest is represented by fee simple absolute.The owner of property in fee simple absolute has the greatest ownership interest recognized by law.Generally,if someone wants to buy real property,he/she is looking to buy property in fee simple absolute.A fee simple defeasible is subject to a condition of ownership or to some future event.Once the condition is violated,the land would revert back to either the original owner or whoever owned the reversion interest,which is a future interest in real property.
Government entities are prohibited from engaging in land use planning.
Free
(True/False)
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Correct Answer:
False
Mineral rights are rights to the substances beneath the actual surface of the land.
(True/False)
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An involuntary bailment is created when someone finds lost property.
(True/False)
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A nonhuman animal can be a beneficiary of a ____ in many states.
(Short Answer)
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A bailor is someone in the rightful possession of real property who gives the property to someone else to hold.
(True/False)
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Tenancy in common describes an ownership interest in which all owners have an undivided interest in the property and a devisable interest.
(True/False)
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In today's world,_____ is perhaps the most common method of acquiring property.
(Multiple Choice)
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Washington State has a law that requires every county and city to develop a comprehensive plan and development regulations in most of the state.
(True/False)
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_____ is a tenancy that occurs when a tenant remains on the property after the right of possession has ended and without the landlord's consent.
(Multiple Choice)
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_____ is a duty of care imposed on prospective buyers of real property to exercise reasonable judgment or prudence to inspect property for defects.
(Short Answer)
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Explain with an example how something is transformed from real property to personal property.
(Essay)
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Real property is land,and certain things that are associated with it.
(True/False)
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