Exam 26: Real Property and Land-Use Control

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A license is a right to go onto land owned by another and take away some part of the land itself or some product of the land.

(True/False)
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Investment Properties Inc.conveys an office building to Jim with a deed that makes the greatest number of warranties and provides the most extensive protection against defects of title.This deed is​

(Multiple Choice)
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Taking private property for public use requires the payment of "just compensation."​

(True/False)
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Each of two spouses owns an undivided one-half interest in community property.

(True/False)
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Frank owns Guest Hotel.His ownership rights include the right to sell or give away the property without restriction,as well as the right to commit waste,if he chooses.Frank's ownership interest is​

(Multiple Choice)
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Landscaping Company has the right to enter onto Martin's land and remove topsoil from certain acreage.This is​

(Multiple Choice)
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Roy and Sally take title to a Tacos Caliente restaurant in such a way that if one dies,the other will be the sole owner.They own the restaurant as​

(Multiple Choice)
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Metro City exercises its power of eminent domain to acquire land for a public project,including part of a public transit rail system and a traffic bypass.Metro City relocates more than 10,000 residents from the land and destroys their homes to begin the project.Nathan's Deli is adjacent to the project.Nathan's loses most of its business when the residents are moved.Nathan's files a suit against Metro City,alleging that its acquisition of the land resulted in a taking of the deli's property interest,entitling it to compensation.What is a taking? What might Nathan's claim is its "property interest" to support this allegation? What is the court likely to rule? Why?​

(Essay)
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Barlow owns the surface rights for Canyon Ranch,but does not own the subsurface rights.Dusty owns the subsurface rights.Canyon Ranch includes a house,a bunkhouse,and two barns,which are damaged when Dusty is excavating for minerals under the surface.Most likely liable for the damage is​

(Multiple Choice)
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Eminent domain is the right of an owner of property in fee simple absolute to use the property as he or she sees fit.

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Property used by a government for a public purpose such as a park is community property.

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For a party to take by adverse possession,the party's possession must be secret or clandestine.

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To be valid,a deed must contain a legally sufficient description of the land.

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The holder of a life estate has the right to use property for whatever purpose he or she sees fit without regard to the rights of a fee simple owner.

(True/False)
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Chris owns the land on which Downwind Farm is situated,plus the farmhouse,barn,and other structures permanently attached to the land.Chris's brother Elvin owns everything else on the farm-implements,seed,and livestock.The real property is owned by​

(Multiple Choice)
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Kelly leases an office from Land & Building Company (LBC)for a four-year term with the rent payable monthly.At the end of the term,Kelly retains possession of the office with LBC's consent and continues to pay monthly rent.This is​

(Multiple Choice)
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A fixed-term tenancy is created when property is leased for a specified period of time.

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The government cannot take private property for public use.

(True/False)
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Dan wants to transfer the ownership of his warehouse to Eve by deed.To do so requires​

(Multiple Choice)
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One of the basic elements of zoning is the classification of land by permissible use as part of a comprehensive municipal plan.

(True/False)
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