Exam 37: Real Property

Alexis sells half of her Triple A Ranch land to the Big B Ranch.On the land is a reservoir.In the deed,Alexis retains the right to remove a limited amount of water per day from the reservoir.This right is​ 

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 responsible for the damage is​ 

William owns a field where he grows cotton.When William sells the field to Grace,he includes the cotton that is growing in the field.This sale is governed by​ 

Franz owns GuestHouse 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.Franz's ownership interest is​ 

Manhattan Developers,Inc.,pays Northeast Trust Company to release its claim to a strip of waterfront property.Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip.This deed is​ 

A conveyance creating a fee simple defeasible transfers all ownership rights in the property. 

Verna sells her farm to Wilfred.The title is transferred by deed.Verna is​ 

To widen a highway,the state of Ohio obtains,through a judicial proceeding,title to the individual lots in a residential neighborhood.A subsequent proceeding will determine​ 

To acquire the ownership of a mountain cabin by adverse possession,Cody must occupy the cabin exclusively,continuously,and peaceably for a specified period of time 

Eminent domain is the right of an owner in fee simple absolute to give the property to the government. 

With respect to Italo's bottomland,Jacob has an easement,Kristin has a profit,and Leopold has a license.A right to possess the bottomland is owned by​ 

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?​

A life tenant can exploit the land by creating new wells or mines. 

Fact Pattern 37-1Virgil owns a ranch in Wyoming. His ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if he chooses. -Refer to Fact Pattern 37-1.Virgil's ownership interest is​ 

Bakri owns a house.In the house,on a tile floor is a throw rug.Most likely to meet the definition of a fixture is​ 

Grant wants to transfer the ownership of his warehouse to Hal by deed.To do so requires​ 

For a party to take by adverse possession,the party's possession must be peaceable,and not hostile. 

In a fee simple absolute,the owner has the greatest aggregation of rights,privileges,and power possible. 

Zoning laws may limit an owner's ability to use land in certain ways. 

Ownership in fee simple defeasible constitutes absolute ownership.