Exam 3: The Scope of Real Property

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

A landowner's "bonus" in an oil and gas lease is determined by his percentage share of the production.

Free
(True/False)
4.7/5
(26)
Correct Answer:
Verified

False

Evans' tree hangs over Leppold's land.This would not be considered an invasion of Leppold's air space since a tree, unlike an aircraft, is natural.

Free
(True/False)
4.9/5
(35)
Correct Answer:
Verified

False

A unitization or pooling plan for an entire reservoir of oil is required under various state laws in order to preserve the geological integrity of the reservoir and reduce production costs.

Free
(True/False)
4.9/5
(38)
Correct Answer:
Verified

True

A and B own adjacent lots.Under the civil law theory of surface water that is not in its natural watercourse, A is allowed to dam water and protect his own property even if it floods B's property. (Answers in boldface are correct)

(True/False)
4.8/5
(32)

Under the prior appropriation theory, the first person to appropriate water for a beneficial use has priority over later users.

(True/False)
4.8/5
(37)

Groundwater is water that flows across the ground outside of a riverbed.

(True/False)
4.8/5
(31)

A riparian owner owns land adjacent to a water course or stream.

(True/False)
4.8/5
(32)

A navigable (in the legal sense)river runs along the boundary between New York and Pennsylvania.Ned owns a farm along the New York side of the river Pete owns a farm in Pennsylvania across the river from Ned's farm.Who owns the riverbed, or at least part thereof, between the farms:

(Multiple Choice)
5.0/5
(32)

Under the following theory, a landowner is free to interfere with the natural flow of surface water that runs apart from its watercourse:

(Multiple Choice)
5.0/5
(34)

A landowner's right to support from a neighbor depends on the nature of the land and the nature of the excavation.

(True/False)
4.8/5
(28)

Barney purchased 40 acres of land from Fred.Unknown to both parties, under the surface of the land was a rich vein of gold ore that extended beneath neighboring land owned by Wilma.The gold ore is owned at least in part by:

(Multiple Choice)
4.7/5
(37)

Goodman and Davis live in an area of New York City in which there is a 20-story limit on buildings.Goodman owns a 12-story building.Davis wishes to build a 26-story building.Goodman wants to sell Davis a portion of his unused air rights.The air rights being sold in this scenario are called:

(Multiple Choice)
4.7/5
(34)

If a river is navigable, the majority rule is that the state owns the riverbed.

(True/False)
4.9/5
(36)

The shore along oceanfront property is owned by the states.

(True/False)
4.8/5
(36)

It is not a trespass to tunnel beneath your neighbor's property so long as you begin your tunnel on your own property.

(True/False)
4.7/5
(32)

The following theories may be successfully asserted by a landowner who suffers damages as a result of aircraft flying over his land:

(Multiple Choice)
4.7/5
(36)

State courts are not all in agreement over whether water must be navigable in fact to be considered navigable waters.

(True/False)
4.9/5
(32)

Navigable airspace is defined in the same manner as navigable water.

(True/False)
4.7/5
(34)

The owner of real estate may sell her air rights to one person and her mineral rights to another person.

(True/False)
4.8/5
(39)

Mike begins an excavation on his land to construct a new building.The excavation causes a subsidence in neighboring lands and buildings owned by Molly, although Molly's land in its natural state would not have subsided.Assuming Mike was not negligent and there is no applicable state statute:

(Multiple Choice)
4.9/5
(39)
Showing 1 - 20 of 21
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)