Question 1

An arrangement in which a tenant transfers some of his or her rights under a lease to another party is known as a ________.

Accepted Answer

A)  gross lease 
B)  net lease 
C)  sublease 
D)  triple lease 
A)  gross lease 
B)  net lease 
C)  sublease 
D)  triple lease

Question 2

In which of the following conditions does a joint tenancy become a tenancy in common?

Accepted Answer

A)  when a joint tenant sells his or her property 
B)  when one of the joint tenants dies 
C)  when two joint tenants interchange their share in the tenancy 
D)  when two joint tenants are bound by a marital relationship 
A)  when a joint tenant sells his or her property 
B)  when one of the joint tenants dies 
C)  when two joint tenants interchange their share in the tenancy 
D)  when two joint tenants are bound by a marital relationship

Question 3

A(n)________ is an instrument that describes a person's ownership interest in a piece of real property.

Accepted Answer

A)  title insurance 
B)  deed 
C)  license 
D)  easement 
A)  title insurance 
B)  deed 
C)  license 
D)  easement

Question 4

Which of the following best describes a fixture?

Accepted Answer

A)  goods that are closely associated with a piece of real property 
B)  intangible properties that are created inside the premises of a real property 
C)  parts of a real property that is easily transferrable without substantial damage to the property 
D)  goods that cannot be classified as personal property or real property 
A)  goods that are closely associated with a piece of real property 
B)  intangible properties that are created inside the premises of a real property 
C)  parts of a real property that is easily transferrable without substantial damage to the property 
D)  goods that cannot be classified as personal property or real property

Question 5

The Just Compensation Clause of the Fifth Amendment to the U.S.Constitution requires the government to compensate the property owner when it exercises the power of eminent domain.

Accepted Answer

A) True 
 B)False

Question 6

An estate where the tenant has a right to possess the real property but does not own title to the property is called ________.

Accepted Answer

A)  free simple absolute estate 
B)  gifted estate 
C)  nonfreehold estate 
D)  easement estate 
A)  free simple absolute estate 
B)  gifted estate 
C)  nonfreehold estate 
D)  easement estate

Question 7

A ________ is a form of co-ownership of real property that can be used only by married couples.

Accepted Answer

A)  cooperative 
B)  tenancy in common 
C)  joint tenancy 
D)  tenancy by the entirety 
A)  cooperative 
B)  tenancy in common 
C)  joint tenancy 
D)  tenancy by the entirety

Question 8

A special warranty deed contains the greatest number of warranties and provides the highest level of protection to a grantee.

Accepted Answer

A) True 
 B)False

Question 9

A person's ownership right in real property is called an ________.

Accepted Answer

A)  eminent domain 
B)  estate in land 
C)  easement 
D)  arraignment 
A)  eminent domain 
B)  estate in land 
C)  easement 
D)  arraignment

Question 10

What are surface rights in real property?

Accepted Answer

A)  the right to possess the earth beneath the land 
B)  the right to occupy the land 
C)  the right to possess personal property 
D)  the right to convert personal property to negotiable instruments 
A)  the right to possess the earth beneath the land 
B)  the right to occupy the land 
C)  the right to possess personal property 
D)  the right to convert personal property to negotiable instruments

Question 11

A quitclaim deed is exclusively used as a deed from a seller to a buyer.

Accepted Answer

A) True 
 B)False

Question 12

A transfer of the right to the possession and use of real property for a set term in return for certain consideration is known as a(n)________.

Accepted Answer

A)  title transfer 
B)  lease 
C)  novation 
D)  easement 
A)  title transfer 
B)  lease 
C)  novation 
D)  easement

Question 13

The ________ Clause of the U.S.Constitution allows the government to take property for "public use."

Accepted Answer

A)  Due Process 
B)  Just Compensation 
C)  Double Jeopardy 
D)  Ratification 
A)  Due Process 
B)  Just Compensation 
C)  Double Jeopardy 
D)  Ratification

Question 14

________ is a form of co-ownership that includes the right of survivorship.

Accepted Answer

A)  Tenancy in common 
B)  Joint tenancy 
C)  Cooperatives 
D)  Tenancy by the entirety 
A)  Tenancy in common 
B)  Joint tenancy 
C)  Cooperatives 
D)  Tenancy by the entirety

Question 15

A situation created when the owner of one piece of land is given an easement over an adjacent piece of land is called a(n)________.

Accepted Answer

A)  profit-à-prendre 
B)  easement by license 
C)  easements in gross 
D)  easement appurtenant 
A)  profit-à-prendre 
B)  easement by license 
C)  easements in gross 
D)  easement appurtenant

Question 16

Community property is a form of co-ownership that applies specifically to married couples.Explain what constitutes separate property in this method of co-ownership with the help of an example.

Accepted Answer

Community property is based on the notio

Question 17

Subsurface rights may be sold separately from surface rights.

Accepted Answer

A) True 
 B)False

Question 18

Compare and contrast the general warranty deed and the special warranty deed,and discuss which deed offers a greater degree of protection to grantees.

Accepted Answer

In a general warranty deed,the seller wa

Question 19

Which of the following defines a remainder as a form of a future interest?

Accepted Answer

A)  It is a right of possession that returns to the grantor after the expiration of a limited or contingent estate. 
B)  It is a right of possession that returns to a third party upon the expiration of a limited or contingent estate. 
C)  It is a form of concurrent possession of a multiple-dwelling building in which a corporation owns the building and the residents own shares in the corporation. 
D)  It is a form of concurrent possession that includes the right of survivorship. 
A)  It is a right of possession that returns to the grantor after the expiration of a limited or contingent estate. 
B)  It is a right of possession that returns to a third party upon the expiration of a limited or contingent estate. 
C)  It is a form of concurrent possession of a multiple-dwelling building in which a corporation owns the building and the residents own shares in the corporation. 
D)  It is a form of concurrent possession that includes the right of survivorship.

Question 20

A life tenant is treated as the owner of the property during the duration of the life estate.

Accepted Answer

A) True 
 B)False

Exam 38: Real Property, Landlord-Tenant Law, and Land Use Regulation

An arrangement in which a tenant transfers some of his or her rights under a lease to another party is known as a ________.

In which of the following conditions does a joint tenancy become a tenancy in common?

A(n)________ is an instrument that describes a person's ownership interest in a piece of real property.

Which of the following best describes a fixture?

The Just Compensation Clause of the Fifth Amendment to the U.S.Constitution requires the government to compensate the property owner when it exercises the power of eminent domain.

An estate where the tenant has a right to possess the real property but does not own title to the property is called ________.

A ________ is a form of co-ownership of real property that can be used only by married couples.

A special warranty deed contains the greatest number of warranties and provides the highest level of protection to a grantee.

A person's ownership right in real property is called an ________.

What are surface rights in real property?

A quitclaim deed is exclusively used as a deed from a seller to a buyer.

A transfer of the right to the possession and use of real property for a set term in return for certain consideration is known as a(n)________.

The ________ Clause of the U.S.Constitution allows the government to take property for "public use."

________ is a form of co-ownership that includes the right of survivorship.

A situation created when the owner of one piece of land is given an easement over an adjacent piece of land is called a(n)________.

Community property is a form of co-ownership that applies specifically to married couples.Explain what constitutes separate property in this method of co-ownership with the help of an example.

Subsurface rights may be sold separately from surface rights.

Compare and contrast the general warranty deed and the special warranty deed,and discuss which deed offers a greater degree of protection to grantees.

Which of the following defines a remainder as a form of a future interest?

A life tenant is treated as the owner of the property during the duration of the life estate.

Legal Heritage and the Digital Age

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Intentional Torts and Negligence

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Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

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Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

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Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

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Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

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