Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

An example of waste as used in real property law would include:

Accepted Answer

A) the failure to repair a building. 
B) neglect of an adequate conservation policy. 
C) not collecting rents as prescribed by contract. 
D) Both (a) and (b) are correct. 
A) the failure to repair a building. 
B) neglect of an adequate conservation policy. 
C) not collecting rents as prescribed by contract. 
D) Both (a) and (b) are correct. D

Question 3

Under the common law, if a landlord does not maintain, repair, or restore the property as stated in the lease contract, the tenant has a legally enforceable right to refuse to pay rent, even if the lease does not provide such relief.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following is a true statement concerning a life estate?

Accepted Answer

A) A life estate is an ownership right only for the life of the grantor. 
B) A life estate is an ownership right in property for the life of any individual designated by the grantor. 
C) A life estate requires special wording, prescribed by statute, to create it. 
D) None of the above. 
A) A life estate is an ownership right only for the life of the grantor. 
B) A life estate is an ownership right in property for the life of any individual designated by the grantor. 
C) A life estate requires special wording, prescribed by statute, to create it. 
D) None of the above.

Question 5

How may an easement be created?

Accepted Answer

A) By prescription. 
B) By express reservation. 
C) By necessity. 
D) It may be created in all of the above ways. 
A) By prescription. 
B) By express reservation. 
C) By necessity. 
D) It may be created in all of the above ways.

Question 6

A freehold estate is:

Accepted Answer

A) a gratuitous leasehold interest in 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) Both (b) and (c) are correct. 
A) a gratuitous leasehold interest in 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) Both (b) and (c) are correct.

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

A license is the limited right to remove the produce from another's land.

Accepted Answer

A) True 
 B)False

Question 10

Millie, a tenant, abandons her apartment after six months, even though there are six months left on her lease.If no survival clause was in the lease, would the landlord be able to hold Millie liable for rent?

Accepted Answer

A) Yes, but he must leave the apartment vacant. 
B) Yes, after he gives notice to the tenant. 
C) Yes, after he relets the apartment. 
D) No, the obligation to pay ended when Millie abandoned the apartment. 
A) Yes, but he must leave the apartment vacant. 
B) Yes, after he gives notice to the tenant. 
C) Yes, after he relets the apartment. 
D) No, the obligation to pay ended when Millie abandoned the apartment.

Question 11

Ed signs a ten-year lease with a survival clause.If Ed is evicted for nonpayment of rent after two years, he will have to pay:

Accepted Answer

A) rent for the remaining 8 years. 
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises. 
C) until eviction. 
D) until he assigns the lease. 
A) rent for the remaining 8 years. 
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises. 
C) until eviction. 
D) until he assigns the lease.

Question 12

In a condominium:

Accepted Answer

A) all residents own shares in the corporation that owns the building. 
B) each resident purchases a living unit in the building. 
C) the tenant owns a reversionary interest in the property. 
D) the tenant creates a future interest in the property known as a possibility of reverter. 
A) all residents own shares in the corporation that owns the building. 
B) each resident purchases a living unit in the building. 
C) the tenant owns a reversionary interest in the property. 
D) the tenant creates a future interest in the property known as a possibility of reverter.

Question 13

A periodic leasehold tenancy may be terminated:

Accepted Answer

A) upon expiration of the period. 
B) upon 6 months' notice in a tenancy from month to month. 
C) upon the date set in the lease agreement. 
D) upon notice at the expiration of any one period but only on adequate notice to the other party. 
A) upon expiration of the period. 
B) upon 6 months' notice in a tenancy from month to month. 
C) upon the date set in the lease agreement. 
D) upon notice at the expiration of any one period but only on adequate notice to the other party.

Question 14

Most state statutes permit a landlord to evict a tenant for nonpayment of rent.

Accepted Answer

A) True 
 B)False

Question 15

An easement may be created in which of the following cases?

Accepted Answer

A) The landowner agrees to it orally. 
B) It is necessary for access to the land. 
C) It is taken by using the land openly without permission for a period of years. 
D) All of the above. 
E) Both (b) and (c) above are correct. 
A) The landowner agrees to it orally. 
B) It is necessary for access to the land. 
C) It is taken by using the land openly without permission for a period of years. 
D) All of the above. 
E) Both (b) and (c) above are correct.

Question 16

A survival clause refers to:

Accepted Answer

A) a remainder in a life estate. 
B) a possibility of reverter. 
C) a provision in a lease contract providing that the tenant's eviction for non-payment of rent will not relieve her of liability for damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain when reletting the premises. 
D) All of the above. 
A) a remainder in a life estate. 
B) a possibility of reverter. 
C) a provision in a lease contract providing that the tenant's eviction for non-payment of rent will not relieve her of liability for damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain when reletting the premises. 
D) All of the above.

Question 17

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

Accepted Answer

A) sublease. 
B) assignment. 
C) eviction. 
D) abandonment. 
A) sublease. 
B) assignment. 
C) eviction. 
D) abandonment.

Question 18

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 19

According to the James v.Taylor case, 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 20

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

Exam 49: Interests in Real Property

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

An example of waste as used in real property law would include:

Under the common law, if a landlord does not maintain, repair, or restore the property as stated in the lease contract, the tenant has a legally enforceable right to refuse to pay rent, even if the lease does not provide such relief.

Which of the following is a true statement concerning a life estate?

How may an easement be created?

A freehold estate is:

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

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

A license is the limited right to remove the produce from another's land.

Millie, a tenant, abandons her apartment after six months, even though there are six months left on her lease.If no survival clause was in the lease, would the landlord be able to hold Millie liable for rent?

Ed signs a ten-year lease with a survival clause.If Ed is evicted for nonpayment of rent after two years, he will have to pay:

In a condominium:

A periodic leasehold tenancy may be terminated:

Most state statutes permit a landlord to evict a tenant for nonpayment of rent.

An easement may be created in which of the following cases?

A survival clause refers to:

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

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

According to the James v.Taylor case, at common law, if the wording in a deed was ambiguous, the law favored a:

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

Introduction to Law

Business Ethics

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Intentional Torts

Negligence and Strict Liability

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Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

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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Relationship of Principal and Agent

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Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

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