Exam 29: Basic Legal Concepts of Property

Adding periods of occupancy by various persons to reach the time period required to acquire real property by adverse possession is known as accretion.

In a tenancy in common, there is a right of survivorship.

Title to personal property may be transferred by

Jensen purchased a six-room house for himself and his daughter. Jensen wishes to have a deed that states that, in case of the death of either of them, the other is to own the house. What form of ownership should Jensen choose?

Black and Conway owned an office building as tenants in common. Black died. To whom does Black's interest in the office building pass?

If a local government takes an individual's land by condemnation, it must pay the property owner a fair value for the land.

Real property includes

The power of the state to condemn an owner's property is called the power of

Ownership in a condominium is considered personal property.

Intangible personal property includes

To establish title to real property by adverse possession, the party claiming such title must show, among other things,

The Martins lived in a community property state. Mrs. Martin inherited $80,000 from an uncle. Is her husband entitled to claim $40,000 as community property?

A time share is

Allen, a teacher, copied pages from a published novel for study by the members of his literature class. Has she infringed the copyright?

Copyrights are enforceable rights granted by the

Perez invented a new type of cellular phone and gave it a unique name. She claims she has the exclusive right to use the name throughout the United States. Is she correct?

Use of real property may be restricted by government through zoning laws.

A building operated as a cooperative is owned by

The occupier of a(n) ____________________ unit has no individual interest in the real estate.

Personal property may be transferred by