Question 1

Joint tenancy with right of survivorship can be created only by a deed.

Accepted Answer

A) True 
 B)False

Question 2

Property owned by a spouse before marriage in a community property state is separate property.

Accepted Answer

A) True 
 B)False

Question 3

Tenancy in common does not have a right of survivorship.

Accepted Answer

A) True 
 B)False

Question 4

A limited liability company can be formed without any type of formal agreement.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following have full liability for the debts and obligations of the entity?

Accepted Answer

A)  General partners of a limited partnership 
B)  Members of a limited liability company 
C)  Shareholders of a corporation 
D)  Limited partners of a limited partnership 
A)  General partners of a limited partnership 
B)  Members of a limited liability company 
C)  Shareholders of a corporation 
D)  Limited partners of a limited partnership

Question 6

When property is owned as tenants by the entirety, the death of one spouse will result in the surviving spouse owning the property as a whole.

Accepted Answer

A) True 
 B)False

Question 7

Tenancy in common can be created by deed or will.

Accepted Answer

A) True 
 B)False

Question 8

All property owned by a husband and wife in a community property state is community property.

Accepted Answer

A) True 
 B)False

Question 9

A common owner cannot waive his or her right to partition.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following concurrent forms of ownership contains a right of survivorship?

Accepted Answer

A)  Community property 
B)  Tenancy by the entirety 
C)  Dower 
D)  Tenancy in common 
E)  None of the above 
A)  Community property 
B)  Tenancy by the entirety 
C)  Dower 
D)  Tenancy in common 
E)  None of the above

Question 11

A tenancy in common may be created by:

Accepted Answer

A)  grant. 
B)  devise. 
C)  descent. 
D)  lease. 
E)  all of the above. 
A)  grant. 
B)  devise. 
C)  descent. 
D)  lease. 
E)  all of the above.

Question 12

Tenants by the entirety must always be married to each other.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following are requirements for the creation of dower?

Accepted Answer

A)  Valid marriage 
B)  Husband owns real property during marriage 
C)  Husband dies before the wife 
D)  All of the above 
E)  None of the above 
A)  Valid marriage 
B)  Husband owns real property during marriage 
C)  Husband dies before the wife 
D)  All of the above 
E)  None of the above

Question 14

Property owned by a spouse before marriage in a community property state becomes community property at the time of marriage.

Accepted Answer

A) True 
 B)False

Question 15

A joint tenancy with the right of survivorship can be created by a deed or a will.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following would not be community property?

Accepted Answer

A)  Property acquired by husband and wife during marriage 
B)  Property acquired by husband during marriage 
C)  Property received by wife through inheritance 
D)  None of the above 
A)  Property acquired by husband and wife during marriage 
B)  Property acquired by husband during marriage 
C)  Property received by wife through inheritance 
D)  None of the above

Question 17

Aaron, Bob, and Carl own property as joint tenants with right of survivorship. During the lifetime of all of them, Aaron sells his interest in the property to Donna. Bob then dies and wills all of his property to Frank. Who are the owners of the property after Bob's death?

Accepted Answer

A)  Donna, Frank, and Carl 
B)  Aaron, Frank, and Carl 
C)  Donna and Carl 
D)  Carl 
E)  None of the above 
A)  Donna, Frank, and Carl 
B)  Aaron, Frank, and Carl 
C)  Donna and Carl 
D)  Carl 
E)  None of the above

Question 18

An owner of a tenancy in common cannot sell his interest in the property without the other common owners' consent.

Accepted Answer

A) True 
 B)False

Question 19

A general partnership must always have a formal written partnership agreement.

Accepted Answer

A) True 
 B)False

Question 20

A spouse's interest in a tenancy by the entirety cannot be willed, but it can be inherited.

Accepted Answer

A) True 
 B)False

Joint tenancy with right of survivorship can be created only by a deed.

Property owned by a spouse before marriage in a community property state is separate property.

Tenancy in common does not have a right of survivorship.

A limited liability company can be formed without any type of formal agreement.

Which of the following have full liability for the debts and obligations of the entity?

When property is owned as tenants by the entirety, the death of one spouse will result in the surviving spouse owning the property as a whole.

Tenancy in common can be created by deed or will.

All property owned by a husband and wife in a community property state is community property.

A common owner cannot waive his or her right to partition.

Which of the following concurrent forms of ownership contains a right of survivorship?

A tenancy in common may be created by:

Tenants by the entirety must always be married to each other.

Which of the following are requirements for the creation of dower?

Property owned by a spouse before marriage in a community property state becomes community property at the time of marriage.

A joint tenancy with the right of survivorship can be created by a deed or a will.

Which of the following would not be community property?

Aaron, Bob, and Carl own property as joint tenants with right of survivorship. During the lifetime of all of them, Aaron sells his interest in the property to Donna. Bob then dies and wills all of his property to Frank. Who are the owners of the property after Bob's death?

An owner of a tenancy in common cannot sell his interest in the property without the other common owners' consent.

A general partnership must always have a formal written partnership agreement.

A spouse's interest in a tenancy by the entirety cannot be willed, but it can be inherited.

Introduction to the Law of Real Property

Surveys and Land Descriptions

Public Regulation and Encumbrances

Easements and Licenses

Contracts

Preparation and Review of a Real Estate Contract

Deeds

Financing Sources in Real Estate Transactions

Legal Aspects of Real Estate Finance

Mortgage Forms and Provisions

Title Examinations

Title Insurance

Real Estate Closings

Real Estate Closing Forms and Examples

Condominiums and Cooperatives

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Exam 2: Concurrent Ownership

Joint tenancy with right of survivorship can be created only by a deed.

Property owned by a spouse before marriage in a community property state is separate property.

Tenancy in common does not have a right of survivorship.

A limited liability company can be formed without any type of formal agreement.

Which of the following have full liability for the debts and obligations of the entity?

When property is owned as tenants by the entirety, the death of one spouse will result in the surviving spouse owning the property as a whole.

Tenancy in common can be created by deed or will.

All property owned by a husband and wife in a community property state is community property.

A common owner cannot waive his or her right to partition.

Which of the following concurrent forms of ownership contains a right of survivorship?

A tenancy in common may be created by:

Tenants by the entirety must always be married to each other.

Which of the following are requirements for the creation of dower?

Property owned by a spouse before marriage in a community property state becomes community property at the time of marriage.

A joint tenancy with the right of survivorship can be created by a deed or a will.

Which of the following would not be community property?

Aaron, Bob, and Carl own property as joint tenants with right of survivorship. During the lifetime of all of them, Aaron sells his interest in the property to Donna. Bob then dies and wills all of his property to Frank. Who are the owners of the property after Bob's death?

An owner of a tenancy in common cannot sell his interest in the property without the other common owners' consent.

A general partnership must always have a formal written partnership agreement.

A spouse's interest in a tenancy by the entirety cannot be willed, but it can be inherited.

Introduction to the Law of Real Property

Surveys and Land Descriptions

Public Regulation and Encumbrances

Easements and Licenses

Contracts

Preparation and Review of a Real Estate Contract

Deeds

Financing Sources in Real Estate Transactions

Legal Aspects of Real Estate Finance

Mortgage Forms and Provisions

Title Examinations

Title Insurance

Real Estate Closings

Real Estate Closing Forms and Examples

Condominiums and Cooperatives

Filters