Question 1

Lorene and Carolyn own a farm as joint tenants. When Lorene dies, her share will pass to:

Accepted Answer

A)  Carolyn. 
B)  her heirs. 
C)  her beneficiaries. 
D)  Carolyn's heirs. 
A)  Carolyn. 
B)  her heirs. 
C)  her beneficiaries. 
D)  Carolyn's heirs.

Question 2

If the lease is silent on the subject, a tenant may assign his lease.

Accepted Answer

A) True 
 B)False

Question 3

A freehold estate is:

Accepted Answer

A)  a right to possession of real property 
B)  a right of ownership of real property for an indefinite time (fee estate). 
C)  a right of ownership of real property for the life of a person (life estate). 
D)  All of these. 
A)  a right to possession of real property 
B)  a right of ownership of real property for an indefinite time (fee estate). 
C)  a right of ownership of real property for the life of a person (life estate). 
D)  All of these.

Question 4

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

Accepted Answer

A) True 
 B)False

Question 5

If Andrew is childless, which of the following present grants would be considered as creating a contingent remainder?

Accepted Answer

A)  "To Andrew and his heirs forever and ever." 
B)  "To Andrew for life and then to his first-born son, but if he has no male children, then to the Catholic Church." 
C)  "To Andrew for life, then to grantor." 
D)  "To Andrew for 100 years and then to the Catholic Church." 
A)  "To Andrew and his heirs forever and ever." 
B)  "To Andrew for life and then to his first-born son, but if he has no male children, then to the Catholic Church." 
C)  "To Andrew for life, then to grantor." 
D)  "To Andrew for 100 years and then to the Catholic Church."

Question 6

If Brantly grants Anderson a life estate in Brantly 's property for Anderson 's lifetime and then Brantly dies, what happens to the land when Anderson dies?

Accepted Answer

A)  It goes to Anderson 's heirs. 
B)  It goes to the state. 
C)  It reverts to Brantly 's heirs. 
D)  It passes under Anderson 's will. 
A)  It goes to Anderson 's heirs. 
B)  It goes to the state. 
C)  It reverts to Brantly 's heirs. 
D)  It passes under Anderson 's will.

Question 7

A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.

Accepted Answer

A) True 
 B)False

Question 8

A tenancy for years must have a duration of at least two years, and notice to terminate must be given at least one month before ending the lease.

Accepted Answer

A) True 
 B)False

Question 9

Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.

Accepted Answer

A) True 
 B)False

Question 10

A life tenant may do anything with the land that is legal.

Accepted Answer

A) True 
 B)False

Question 11

A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

Accepted Answer

A)  reversion. 
B)  remainder. 
C)  life estate. 
D)  fee simple absolute. 
A)  reversion. 
B)  remainder. 
C)  life estate. 
D)  fee simple absolute.

Question 12

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

Accepted Answer

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

Question 13

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

Accepted Answer

Under the common law, the landlord is un

Question 14

A license is generally subject to revocation by the property owner at any time.

Accepted Answer

A) True 
 B)False

Question 15

For a person to acquire an easement, he must have the permission of the owner to use the land.

Accepted Answer

A) True 
 B)False

Question 16

Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

Accepted Answer

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

Question 17

Agatha, Betty, and Clara are sisters who own 300 acres of land as joint tenants. 
a. What interest does each of them have in the parcel of land? 
b. If Betty dies, what happens to her share of the 300 acres? 
c. If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?

Accepted Answer

a. Each of the sisters has an undivided

Question 18

To create a joint tenancy, the tenants must assume title by the same instrument.

Accepted Answer

A) True 
 B)False

Question 19

Ownership of real property for a definite time or for the life of a person is a freehold estate .

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 48: Interests in Real Property

Lorene and Carolyn own a farm as joint tenants. When Lorene dies, her share will pass to:

If the lease is silent on the subject, a tenant may assign his lease.

A freehold estate is:

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

If Andrew is childless, which of the following present grants would be considered as creating a contingent remainder?

If Brantly grants Anderson a life estate in Brantly 's property for Anderson 's lifetime and then Brantly dies, what happens to the land when Anderson dies?

A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.

A tenancy for years must have a duration of at least two years, and notice to terminate must be given at least one month before ending the lease.

Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.

A life tenant may do anything with the land that is legal.

A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

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

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

A license is generally subject to revocation by the property owner at any time.

For a person to acquire an easement, he must have the permission of the owner to use the land.

Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

To create a joint tenancy, the tenants must assume title by the same instrument.

Ownership of real property for a definite time or for the life of a person is a freehold estate .

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

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