Question 1

Which of the following represents joint property ownership?

Accepted Answer

A)  A cooperative 
B)  A life estate 
C)  A lease 
D)  A fee simple absolute 
A)  A cooperative 
B)  A life estate 
C)  A lease 
D)  A fee simple absolute

Question 2

Community property would include:

Accepted Answer

A)  a house bought by the married couple. 
B)  gifts of $500 given to wife while they were married. 
C)  an inheritance of a diamond by husband while they were married. 
D)  a painting bought by wife before the marriage. 
A)  a house bought by the married couple. 
B)  gifts of $500 given to wife while they were married. 
C)  an inheritance of a diamond by husband while they were married. 
D)  a painting bought by wife before the marriage.

Question 3

Ed signs a 10-year lease with a survival clause. If Ed is evicted after 2 years, he will have to pay rent:

Accepted Answer

A)  for the remaining 8 years. 
B)  for the period of time until it is relent. 
C)  until eviction. 
D)  until he assigns the lease. 
A)  for the remaining 8 years. 
B)  for the period of time until it is relent. 
C)  until eviction. 
D)  until he assigns the lease.

Question 4

Some states hold landlords liable for injuries their tenants and others suffer as a result of the foreseeable criminal conduct of third parties.

Accepted Answer

A) True 
 B)False

Question 5

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

Accepted Answer

A) True 
 B)False

Question 6

A possessory interest in real property is called an estate.

Accepted Answer

A) True 
 B)False

Question 7

A condominium differs from a cooperative in that a tenant in the latter:

Accepted Answer

A)  rents his apartment from the cooperative. 
B)  owns his apartment in cooperation with others. 
C)  owns all the space except the common areas. 
D)  owns only the internal space. 
A)  rents his apartment from the cooperative. 
B)  owns his apartment in cooperation with others. 
C)  owns all the space except the common areas. 
D)  owns only the internal space.

Question 8

A person with a life estate cannot do which of the following?

Accepted Answer

A)  Strip-mine the land 
B)  Build a bridge over the river 
C)  Cut a single tree 
D)  Put a new roof on the house 
A)  Strip-mine the land 
B)  Build a bridge over the river 
C)  Cut a single tree 
D)  Put a new roof on the house

Question 9

The All-Power Gas and Electric Company cleared a right of way across Larry's land and put up a power line, which it has maintained for the past 20 years. Now the company wants to replace the old line with a new one, and Larry has decided he doesn't want them on his land.
a. Does the Power Company have a recognizable interest in Larry's land? Explain.
b. Can Larry keep them from installing a new line? Explain.

Accepted Answer

a. The power company has an easement, wh

Question 10

An interest in property limited in duration to the life or lives of one or more persons is known as a:

Accepted Answer

A)  future interest. 
B)  fee simple absolute. 
C)  fee simple determinable. 
D)  life estate. 
A)  future interest. 
B)  fee simple absolute. 
C)  fee simple determinable. 
D)  life estate.

Question 11

A landlord breaches the covenant of quiet enjoyment if:

Accepted Answer

A)  the landlord wrongfully evicts the tenant. 
B)  neighbors throw loud parties that disturb the tenant. 
C)  Both of these. 
D)  None of these. 
A)  the landlord wrongfully evicts the tenant. 
B)  neighbors throw loud parties that disturb the tenant. 
C)  Both of these. 
D)  None of these.

Question 12

Edna, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common. Discuss the interest each has in the real estate.

Accepted Answer

Each one has the right to possession and

Question 13

In a condominium:

Accepted Answer

A)  all residents own shares in the corporation that owns the building. 
B)  each resident purchases a living unit in the building. 
C)  the tenant owns a reversionary interest in the property. 
D)  the tenant creates a future interest in the property known as a possibility of reverter. 
A)  all residents own shares in the corporation that owns the building. 
B)  each resident purchases a living unit in the building. 
C)  the tenant owns a reversionary interest in the property. 
D)  the tenant creates a future interest in the property known as a possibility of reverter.

Question 14

The holder of a qualified fee interest may not transfer the property by deed or will.

Accepted Answer

A) True 
 B)False

Question 15

If Arthur conveys his farm to Melissa in fee simple as long as she does not develop the property for non-farm use, in which case the property would revert to Arthur's estate, he has created:

Accepted Answer

A)  a fee simple absolute. 
B)  a base fee. 
C)  a life estate with a remainder. 
D)  a future interest to Melissa. 
A)  a fee simple absolute. 
B)  a base fee. 
C)  a life estate with a remainder. 
D)  a future interest to Melissa.

Question 16

Eviction must be actual.

Accepted Answer

A) True 
 B)False

Question 17

Under a tenancy in common, the most frequently used form of concurrent ownership, each co-owner has the right of survivorship.

Accepted Answer

A) True 
 B)False

Question 18

Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?

Accepted Answer

A)  There is no sale. 
B)  The sale severs the tenancy and creates a tenancy in common. 
C)  The sale transfers one-half interest in land. 
D)  The sale results in a partition of the land. 
A)  There is no sale. 
B)  The sale severs the tenancy and creates a tenancy in common. 
C)  The sale transfers one-half interest in land. 
D)  The sale results in a partition of the land.

Question 19

An estate in fee simple has which of the following characteristics?

Accepted Answer

A)  It may be inherited. 
B)  It may be sold. 
C)  Judgment creditors may levy it upon. 
D)  All of these. 
A)  It may be inherited. 
B)  It may be sold. 
C)  Judgment creditors may levy it upon. 
D)  All of these.

Question 20

Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a contingent remainder.

Accepted Answer

A) True 
 B)False

Exam 48: Interests in Real Property

Which of the following represents joint property ownership?

Community property would include:

Ed signs a 10-year lease with a survival clause. If Ed is evicted after 2 years, he will have to pay rent:

Some states hold landlords liable for injuries their tenants and others suffer as a result of the foreseeable criminal conduct of third parties.

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

A possessory interest in real property is called an estate.

A condominium differs from a cooperative in that a tenant in the latter:

A person with a life estate cannot do which of the following?

An interest in property limited in duration to the life or lives of one or more persons is known as a:

A landlord breaches the covenant of quiet enjoyment if:

Edna, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common. Discuss the interest each has in the real estate.

In a condominium:

The holder of a qualified fee interest may not transfer the property by deed or will.

If Arthur conveys his farm to Melissa in fee simple as long as she does not develop the property for non-farm use, in which case the property would revert to Arthur's estate, he has created:

Eviction must be actual.

Under a tenancy in common, the most frequently used form of concurrent ownership, each co-owner has the right of survivorship.

Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?

An estate in fee simple has which of the following characteristics?

Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a contingent remainder.

Introduction to Law

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