Question 1

A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.

Accepted Answer

A) True 
 B)False  False

Question 2

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. A

Question 3

If Arthur were as yet childless, which of the following present grants would be considered as creating a contingent remainder?

Accepted Answer

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

Question 4

Community property does not include a ring owned by the wife prior to the marriage.

Accepted Answer

A) True 
 B)False

Question 5

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

Accepted Answer

A) True 
 B)False

Question 6

A condominium differs from a cooperative in that a tenant in the latter:

Accepted Answer

A)  rents his apartment from the cooperative. 
B)  owns his apartment in cooperation with corporate owner. 
C)  owns all the space except the common areas. 
D)  owns only the internal space. 
A)  rents his apartment from the cooperative. 
B)  owns his apartment in cooperation with corporate owner. 
C)  owns all the space except the common areas. 
D)  owns only the internal space.

Question 7

State statutes or lease provisions often permit a landlord to evict a tenant for nonpayment of rent.

Accepted Answer

A) True 
 B)False

Question 8

Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.

Accepted Answer

A) True 
 B)False

Question 9

Nick rents to Lorna an apartment beginning September 1. Nick has the obligation:

Accepted Answer

A)  to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment. 
B)  under the common law, to repair Lorna's apartment as needed. 
C)  under the majority rule, to give Lorna the right to possession on September 1. 
D)  under the majority rule, to give Lorna actual possession on September 1. 
A)  to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment. 
B)  under the common law, to repair Lorna's apartment as needed. 
C)  under the majority rule, to give Lorna the right to possession on September 1. 
D)  under the majority rule, to give Lorna actual possession on September 1.

Question 10

A possibility of reverter is the complementary estate to a:

Accepted Answer

A)  fee simple. 
B)  qualified fee. 
C)  life estate. 
D)  reversion. 
A)  fee simple. 
B)  qualified fee. 
C)  life estate. 
D)  reversion.

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a contingent remainder.

Accepted Answer

A) True 
 B)False

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 reversion is held by a person other than the grantor or his successors.

Accepted Answer

A) True 
 B)False

Question 15

Barton granted his neighbor, Mullins, the right to graze her cattle on Barton's land. Identify the type of property interest Mullins has in Barton's land and explain how such interests are created.

Accepted Answer

Barton has granted Mullins a profit à pr

Question 16

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 17

An estate in fee simple would have which of the following characteristics?

Accepted Answer

A)  It may be inherited. 
B)  It may be sold. 
C)  Judgment creditors may levy upon it. 
D)  All of these. 
A)  It may be inherited. 
B)  It may be sold. 
C)  Judgment creditors may levy upon it. 
D)  All of these.

Question 18

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 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

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

Accepted Answer

A) True 
 B)False

Exam 48: Interests in Real Property

A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.

Which of the following represents concurrent property ownership?

If Arthur were as yet childless, which of the following present grants would be considered as creating a contingent remainder?

Community property does not include a ring owned by the wife prior to the marriage.

If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.

A condominium differs from a cooperative in that a tenant in the latter:

State statutes or lease provisions often permit a landlord to evict a tenant for nonpayment of rent.

Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.

Nick rents to Lorna an apartment beginning September 1. Nick has the obligation:

A possibility of reverter is the complementary estate to a:

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

Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a contingent remainder.

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 reversion is held by a person other than the grantor or his successors.

Barton granted his neighbor, Mullins, the right to graze her cattle on Barton's land. Identify the type of property interest Mullins has in Barton's land and explain how such interests are created.

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

An estate in fee simple would have which of the following characteristics?

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.

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

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

Introduction to Law

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Civil Dispute Resolution

Constitutional Law

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Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

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Conduct Invalidating Assent

Consideration

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Third Parties to Contracts

Performance, Breach, and Discharge

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Introduction to Sales and Leases

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Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

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Transfer and Holder in Due Course

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Relationship of Principal and Agent

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Nature and Formation of Corporations

Financial Structure of Corporations

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Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

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

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