Question 1

Which is an example of tangible personal property?

Accepted Answer

A) Stamp collection 
B) Cash 
C) Trademark 
D) Government bond 
A) Stamp collection 
B) Cash 
C) Trademark 
D) Government bond A

Question 2

Neither party in a tenancy by the entirety can sell,give away,or otherwise convey the property on his or her own.

Accepted Answer

A) True 
 B)False  True

Question 3

A United States savings bond payable upon death to a named beneficiary is a form of probate property.

Accepted Answer

A) True 
 B)False  False

Question 4

The few states that retain dower and curtesy agree on all of the following EXCEPT:

Accepted Answer

A) Dower and curtesy rights can be released by spouses upon verbal agreement. 
B) Dower and curtesy occur only upon the death of a spouse. 
C) Dower and curtesy apply even if the decedent died testate. 
D) Dower and curtesy are exempt from the claims of creditors of the decedent spouse. 
A) Dower and curtesy rights can be released by spouses upon verbal agreement. 
B) Dower and curtesy occur only upon the death of a spouse. 
C) Dower and curtesy apply even if the decedent died testate. 
D) Dower and curtesy are exempt from the claims of creditors of the decedent spouse.

Question 5

When a joint tenant dies,his or her share of the property transfers to his or her spouse,children,or other designated heir.

Accepted Answer

A) True 
 B)False

Question 6

Combining community and separate property

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 7

The law of property is mostly statutory.

Accepted Answer

A) True 
 B)False

Question 8

State laws that provide for the descent and distribution of property to those whom a decedent would probably have chosen if the decedent had made a will

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 9

Which is a characteristic of a life estate?

Accepted Answer

A) Life tenants while living may convey their interest in the property by sale or gift to a third person. 
B) A life estate cannot be created by deed. 
C) A life estate may not last for the lifetime of the original owner. 
D) A life estate can be transferred by will. 
A) Life tenants while living may convey their interest in the property by sale or gift to a third person. 
B) A life estate cannot be created by deed. 
C) A life estate may not last for the lifetime of the original owner. 
D) A life estate can be transferred by will.

Question 10

Which is an example of probate property?

Accepted Answer

A) Gain from the sale of a business 
B) Property owned in tenancy 
C) Money placed in a bank account as a Totten trust 
D) Annuity contracts with a named beneficiary 
A) Gain from the sale of a business 
B) Property owned in tenancy 
C) Money placed in a bank account as a Totten trust 
D) Annuity contracts with a named beneficiary

Question 11

All property,other than that received by gift,will,or inheritance,acquired by either spouse during marriage that is considered to belong to both spouses equally

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 12

In order for a joint tenancy to be created,common law requires unity of time,unity of title,unity of interest,and unity of possession.

Accepted Answer

A) True 
 B)False

Question 13

The division of real property held by joint tenants or tenants in common into separate portions so that the individuals may hold the property in severalty

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 14

Which is NOT an example of community property?

Accepted Answer

A) Inheritance to a single spouse during the marriage 
B) Property obtained from community property income during the marriage 
C) Income earned or acquired during the marriage by either spouse's employment 
D) Property owned by the spouses in partnerships 
A) Inheritance to a single spouse during the marriage 
B) Property obtained from community property income during the marriage 
C) Income earned or acquired during the marriage by either spouse's employment 
D) Property owned by the spouses in partnerships

Question 15

Which is an advantage of joint tenancy?

Accepted Answer

A) Joint tenancy avoids probate. 
B) The person who creates the joint tenancy has complete control over the property. 
C) All joint tenants must agree before the joint tenancy can be terminated. 
D) The surviving recipient of the property previously held in joint tenancy is always the intended beneficiary. 
A) Joint tenancy avoids probate. 
B) The person who creates the joint tenancy has complete control over the property. 
C) All joint tenants must agree before the joint tenancy can be terminated. 
D) The surviving recipient of the property previously held in joint tenancy is always the intended beneficiary.

Question 16

Most states today still retain dower and curtesy.

Accepted Answer

A) True 
 B)False

Question 17

Which is an example of real property?

Accepted Answer

A) Apartment building 
B) Automobile 
C) Crops cultivated for sale 
D) Stocks and bonds 
A) Apartment building 
B) Automobile 
C) Crops cultivated for sale 
D) Stocks and bonds

Question 18

A right to bring a civil lawsuit to recover money damages or possession of personal property

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 19

Two or more persons who own or hold equal,undivided interests in property with the right of survivorship

Accepted Answer

A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder 
A)  Chattel 
B)  chose in action 
C)  nonprobate property 
D)  intestate succession statutes 
E)  joint tenants
F) partition
G) community property
H) commingling
I) fee simple estate
J) remainder

Question 20

A dishwasher is an example of a/an:

Accepted Answer

A) Domestic fixture 
B) Agricultural fixture 
C) Trade fixture 
D) Commercial fixture 
A) Domestic fixture 
B) Agricultural fixture 
C) Trade fixture 
D) Commercial fixture

Which is an example of tangible personal property?

Neither party in a tenancy by the entirety can sell,give away,or otherwise convey the property on his or her own.

A United States savings bond payable upon death to a named beneficiary is a form of probate property.

The few states that retain dower and curtesy agree on all of the following EXCEPT:

When a joint tenant dies,his or her share of the property transfers to his or her spouse,children,or other designated heir.

Combining community and separate property

The law of property is mostly statutory.

State laws that provide for the descent and distribution of property to those whom a decedent would probably have chosen if the decedent had made a will

Which is a characteristic of a life estate?

Which is an example of probate property?

All property,other than that received by gift,will,or inheritance,acquired by either spouse during marriage that is considered to belong to both spouses equally

In order for a joint tenancy to be created,common law requires unity of time,unity of title,unity of interest,and unity of possession.

The division of real property held by joint tenants or tenants in common into separate portions so that the individuals may hold the property in severalty

Which is NOT an example of community property?

Which is an advantage of joint tenancy?

Most states today still retain dower and curtesy.

Which is an example of real property?

A right to bring a civil lawsuit to recover money damages or possession of personal property

Two or more persons who own or hold equal,undivided interests in property with the right of survivorship

A dishwasher is an example of a/an:

The Estate Plan and the Purpose and Need for a Will

The Participants and the Proper Court

The Law of Succession: Death Testate or Intestate

Wills Validity Requirements, modification, revocation, and Contests

Preparation to Draft a Will Checklists and the Conference With the Client

Final Draft and Execution of a Valid Will

Introduction to Trusts

Classification of Trusts, the Living Trust, and Other Special Trusts

Estate Planning

Long-Term Care

Personal Representatives: Types, pre-Probate Duties, and Appointment

Probate and Estate Administration

Informal Probate Administration

Tax Considerations in the Administration of Estates

Ethical Principles Relevant to Practicing Paralegals and Legal Assistants

Filters

Exam 2: The Concept of Property Related to Wills,trusts,and Estate Administration

Which is an example of tangible personal property?

Neither party in a tenancy by the entirety can sell,give away,or otherwise convey the property on his or her own.

A United States savings bond payable upon death to a named beneficiary is a form of probate property.

The few states that retain dower and curtesy agree on all of the following EXCEPT:

When a joint tenant dies,his or her share of the property transfers to his or her spouse,children,or other designated heir.

Combining community and separate property

The law of property is mostly statutory.

State laws that provide for the descent and distribution of property to those whom a decedent would probably have chosen if the decedent had made a will

Which is a characteristic of a life estate?

Which is an example of probate property?

All property,other than that received by gift,will,or inheritance,acquired by either spouse during marriage that is considered to belong to both spouses equally

In order for a joint tenancy to be created,common law requires unity of time,unity of title,unity of interest,and unity of possession.

The division of real property held by joint tenants or tenants in common into separate portions so that the individuals may hold the property in severalty

Which is NOT an example of community property?

Which is an advantage of joint tenancy?

Most states today still retain dower and curtesy.

Which is an example of real property?

A right to bring a civil lawsuit to recover money damages or possession of personal property

Two or more persons who own or hold equal,undivided interests in property with the right of survivorship

A dishwasher is an example of a/an:

The Estate Plan and the Purpose and Need for a Will

The Participants and the Proper Court

The Law of Succession: Death Testate or Intestate

Wills Validity Requirements, modification, revocation, and Contests

Preparation to Draft a Will Checklists and the Conference With the Client

Final Draft and Execution of a Valid Will

Introduction to Trusts

Classification of Trusts, the Living Trust, and Other Special Trusts

Estate Planning

Long-Term Care

Personal Representatives: Types, pre-Probate Duties, and Appointment

Probate and Estate Administration

Informal Probate Administration

Tax Considerations in the Administration of Estates

Ethical Principles Relevant to Practicing Paralegals and Legal Assistants

Filters