Question 1

Which of the following represents concurrent property ownership?

Accepted Answer

A)  A cooperative. 
B)  A life estate. 
C)  A lease. 
D)  A fee simple absolute. 
A)  A cooperative. 
B)  A life estate. 
C)  A lease. 
D)  A fee simple absolute.

Question 2

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 3

Myra, 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, no

Question 4

A leasehold from week to week or month to month is called a(n):

Accepted Answer

A)  fee simple absolute. 
B)  estate for years. 
C)  periodic tenancy. 
D)  tenancy at sufferance. 
A)  fee simple absolute. 
B)  estate for years. 
C)  periodic tenancy. 
D)  tenancy at sufferance.

Question 5

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 6

Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises.If alcohol is sold, the property is to go to Frank's estate.The estate created in the city is a:

Accepted Answer

A)  reversion. 
B)  qualified fee or a fee simple defeasible. 
C)  possibility of reverter. 
D)  contingent remainder. 
A)  reversion. 
B)  qualified fee or a fee simple defeasible. 
C)  possibility of reverter. 
D)  contingent remainder.

Question 7

Landlords are not liable for injuries their tenants and others suffer as a result of criminal conduct of third parties on the leased premises.

Accepted Answer

A) True 
 B)False

Question 8

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

Accepted Answer

A)  the end of the month. 
B)  the 15th of the month. 
C)  the beginning of the month. 
D)  five days after the beginning of the month. 
A)  the end of the month. 
B)  the 15th of the month. 
C)  the beginning of the month. 
D)  five days after the beginning of the month.

Question 9

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

Accepted Answer

A)  automatic leases provisions. 
B)  recordation clauses. 
C)  covenants. 
D)  reversionary clauses. 
A)  automatic leases provisions. 
B)  recordation clauses. 
C)  covenants. 
D)  reversionary clauses.

Question 10

If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

Accepted Answer

A)  waste has occurred. 
B)  there has been an unreasonable abandonment of the premises. 
C)  a constructive eviction has taken place. 
D)  vacating of the premises constituted an assignment. 
A)  waste has occurred. 
B)  there has been an unreasonable abandonment of the premises. 
C)  a constructive eviction has taken place. 
D)  vacating of the premises constituted an assignment.

Question 11

Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.

Accepted Answer

A) True 
 B)False

Question 12

Izzy rents a single-family home for one year starting June 1.If the house burns down in September, the common law requires:

Accepted Answer

A)  payment of rent only prior to the destruction. 
B)  payment to be suspended until the house is repaired. 
C)  payments to terminate. 
D)  rent payment to continue for the entire year. 
A)  payment of rent only prior to the destruction. 
B)  payment to be suspended until the house is repaired. 
C)  payments to terminate. 
D)  rent payment to continue for the entire year.

Question 13

An easement that is appurtenant usually passes to the new owner of the land.

Accepted Answer

A) True 
 B)False

Question 14

If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.

Accepted Answer

A) True 
 B)False

Question 15

a.What is a fee simple? 
b.What is a life estate? 
c.If Ed grants a life estate to his wife, what interest does he retain? Explain.

Accepted Answer

a.A fee simple (absolute) is an estate i

Question 16

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 17

The implied warranty of habitability:

Accepted Answer

A)  is a warranty that the land is well maintained. 
B)  is a concept created by Congress to protect consumers who rent homes. 
C)  requires leased premises to be fit for ordinary residential purposes. 
D)  All of these. 
A)  is a warranty that the land is well maintained. 
B)  is a concept created by Congress to protect consumers who rent homes. 
C)  requires leased premises to be fit for ordinary residential purposes. 
D)  All of these.

Question 18

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 19

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 creek. 
C)  Cut a single tree. 
D)  Put a new roof on the house. 
A)  Strip-mine the land. 
B)  Build a bridge over the creek. 
C)  Cut a single tree. 
D)  Put a new roof on the house.

Question 20

Constructive eviction would result in a discharge of any obligation to pay rent if:

Accepted Answer

A)  proper notice is given to the landlord. 
B)  the tenant abandons possession within a reasonable time. 
C)  the tenant fixes the problem. 
D)  the tenant serves the landlord with a court order. 
A)  proper notice is given to the landlord. 
B)  the tenant abandons possession within a reasonable time. 
C)  the tenant fixes the problem. 
D)  the tenant serves the landlord with a court order.

Exam 48: Interests in Real Property

Which of the following represents concurrent property ownership?

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:

Myra, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common.Discuss the interest each has in the real estate.

A leasehold from week to week or month to month is called a(n):

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

Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises.If alcohol is sold, the property is to go to Frank's estate.The estate created in the city is a:

Landlords are not liable for injuries their tenants and others suffer as a result of criminal conduct of third parties on the leased premises.

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.

Izzy rents a single-family home for one year starting June 1.If the house burns down in September, the common law requires:

An easement that is appurtenant usually passes to the new owner of the land.

If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.

a.What is a fee simple? b.What is a life estate? c.If Ed grants a life estate to his wife, what interest does he retain? Explain.

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

The implied warranty of habitability:

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

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

Constructive eviction would result in a discharge of any obligation to pay rent if:

Introduction to Law

Business Ethicspart Ii: the Legal Environment of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Negligence and Strict Liabilitypart Iii: Contracts

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 Remediespart Iv: Sales

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remediespart V: Negotiable Instruments

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transferspart Vi: Agency

Relationship of Principal and Agent

Relationship With Third Partiespart Vii: Business Associations

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporationspart Viii: Debtor and Creditor Relations

Secured Transactions and Suretyship

Bankruptcypart Ix: Regulation of Business

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

International Business Lawpart X: Property

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

Transfer and Control of Real Property

Trusts and Wills

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