Exam 8: The Property System

Whether a covenant or easement runs with the land depends on:

What are fixtures? Give some examples.

Property that is owned by the _____ is public property.

Government enforcement and recognition of private property rights is a necessary condition for economic growth.

Any exception to a zoning ordinance would be granted through a ______.

Which of the following methods of acquiring property captures the deeply held belief that a land's value is in its use for profit?

The prior appropriation doctrine grants the property owner adjacent to a water source rights to use the water.

Identify the best definition of real property.

The Statute of Frauds requires all types of contracts to be in writing to be enforceable.

_____ is intentional,substantial interference with the chattel of another.

Buying lumber and then building a garage with the lumber grants ownership by:

Distinguish between real property and personal property.

Which of the following is an example of a fungible good?

Grace is a photographer who sometimes sells her photos to friends.She has recently returned from an overseas vacation and immediately goes to the local camera store to get a couple rolls of film developed.What is the legal relationship between Grace and the camera store?

_____ is a clause that prohibits parties from transferring the rights conveyed by a contract to another party.

Water rights are granted differently,depending on whether the property is in the western or the eastern United States.

A landowner has a duty not to intentionally injure a trespasser.

Reversion interest is a future interest in personal property.

An)_____ is a category of found property consisting of money or precious metals.

Failure to warn a licensee of known defects may result in liability for the landowner.