Exam 1: Introduction to the Law of Real Property

For purposes of adverse possession under color of title, most states consider which of the following instruments as evidence of color of title?

A life estate owner must share the income generated from the life estate with the owner of the remainder interest.

Personal property does not include living things such as animals.

Failure by an owner of a life estate to adequately maintain the property subject to the life estate is known as

Life estates are transferable during the lifetime of the owner.

"Color of title" is evidenced by a written instrument such as a deed, court decree, or judgment.

In addition to adverse possession being adverse, it must also be

An estate for years is the highest and best kind of estate in real property an owner can own.

The doctrine of riparian rights states that the right to use water is given to the landowner who uses the water first.

A copyright is intangible property.

An estate at will is real property which passes by last will and testament.

An owner of real property generally does not own the airspace above the surface of the land.

The conveyance of real property in a will is referred to as

Trade fixtures are items, such as shelving or counters, installed by a tenant on property to assist the tenant in the conduct of its business.

An automobile is intangible property.

The doctrine which states that the use of water belongs to the landowner who uses the water first is known as:

A promise to make a gift is generally not revocable.

In determining that an item is a fixture, a court will consider which of the following?

The law of real property in general is governed by the law of the state in which the owner of the real property resides.

Since the law does not favor the free right to transfer ownership, the law will approve almost any restraint on an owner's right to transfer ownership of property.