Question 1

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called a:

Accepted Answer

A) possibility of a reverter. 
B) reversionary interest. 
C) vested remainder. 
D) contingent remainder. 
A) possibility of a reverter. 
B) reversionary interest. 
C) vested remainder. 
D) contingent remainder. C

Question 2

The greatest ownership interest a person may have in real property is:

Accepted Answer

A) fee simple absolute. 
B) tenancy by the entirety. 
C) life estate. 
D) vested remainder. 
A) fee simple absolute. 
B) tenancy by the entirety. 
C) life estate. 
D) vested remainder. A

Question 3

Under the majority view, if a clause in a lease says the tenant cannot sublet, he can still assign the lease.

Accepted Answer

A) True 
 B)False  True

Question 4

A license is generally irrevocable by the property owner.

Accepted Answer

A) True 
 B)False

Question 5

A freehold estate is a:

Accepted Answer

A) gratuitous leasehold interest in real property. 
B) right of ownership of real property for an definite time. 
C) right of ownership for the life of a person. 
D) term which refers to an inherited estate. 
A) gratuitous leasehold interest in real property. 
B) right of ownership of real property for an definite time. 
C) right of ownership for the life of a person. 
D) term which refers to an inherited estate.

Question 6

Landlords can evict a tenant if:

Accepted Answer

A) the tenant fails to pay the rent. 
B) the lease expires and the tenant refuses to move out. 
C) the tenant keeps a pet in violation of the lease and refuses to get rid of it. 
D) All of these. 
A) the tenant fails to pay the rent. 
B) the lease expires and the tenant refuses to move out. 
C) the tenant keeps a pet in violation of the lease and refuses to get rid of it. 
D) All of these.

Question 7

Which of the following is not true of leases of real property?

Accepted Answer

A) They must always be in writing. 
B) They vary in manner of termination. 
C) They are both contracts and conveyances of an estate in land. 
D) They involve an exclusive right to use and possession of the land for a definite or ascertainable time and are nonfreehold estates. 
A) They must always be in writing. 
B) They vary in manner of termination. 
C) They are both contracts and conveyances of an estate in land. 
D) They involve an exclusive right to use and possession of the land for a definite or ascertainable time and are nonfreehold estates.

Question 8

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 9

The characteristics of a qualified or base fee estate include(s) that:

Accepted Answer

A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C) a qualified fee interest may pass by intestate succession. 
D) All of these. 
A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur. 
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition. 
C) a qualified fee interest may pass by intestate succession. 
D) All of these.

Question 10

Joanne rents a single-family house and lot for one year starting September 1.If the house burns down, the common law requires:

Accepted Answer

A) payment of rent up to the time of the destruction. 
B) payment to be suspended until the house is repaired. 
C) termination of the lease. 
D) payment to continue for the entire year. 
A) payment of rent up to the time of the destruction. 
B) payment to be suspended until the house is repaired. 
C) termination of the lease. 
D) payment to continue for the entire year.

Question 11

Eviction must be actual.

Accepted Answer

A) True 
 B)False

Question 12

Possessory interests in property include profits à prendre and easements.

Accepted Answer

A) True 
 B)False

Question 13

A license is the limited right to use property for a period of time.

Accepted Answer

A) True 
 B)False

Question 14

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

Question 15

Bob and his sister, Claudia, can own property:

Accepted Answer

A) only by tenancy by the entireties. 
B) by tenancy in common or joint tenancy 
C) only by joint tenancy. 
D) by tenancy by the entireties or by joint tenancy 
A) only by tenancy by the entireties. 
B) by tenancy in common or joint tenancy 
C) only by joint tenancy. 
D) by tenancy by the entireties or by joint tenancy

Question 16

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 17

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 18

The right to cut and remove trees from another's land would be a(n):

Accepted Answer

A) easement. 
B) profit. 
C) license. 
D) covenant. 
A) easement. 
B) profit. 
C) license. 
D) covenant.

Question 19

The owner of the servient parcel is generally responsible for maintaining the easement and keeping it in repair.

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 48: Interests in Real Property

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called a:

The greatest ownership interest a person may have in real property is:

Under the majority view, if a clause in a lease says the tenant cannot sublet, he can still assign the lease.

A license is generally irrevocable by the property owner.

A freehold estate is a:

Landlords can evict a tenant if:

Which of the following is not true of leases of real property?

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.

The characteristics of a qualified or base fee estate include(s) that:

Joanne rents a single-family house and lot for one year starting September 1.If the house burns down, the common law requires:

Eviction must be actual.

Possessory interests in property include profits à prendre and easements.

A license is the limited right to use property for a period of time.

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.

Bob and his sister, Claudia, can own property:

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

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

The right to cut and remove trees from another's land would be a(n):

The owner of the servient parcel is generally responsible for maintaining the easement and keeping it in repair.

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

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Transfer and Control of Real Property

Trusts and Decedents Estates

51: The Legal Environment Of Business

52: Contracts.

53: Agency.

54: Sales

55: Negotiable Instruments

56: Unincorporated Business Association

57: Corporations

58: Debtor and Creditor Relation

59: Regulation of Business

60: Property.