Question 1

A warranty deed:

Accepted Answer

A)  conveys title and guarantees to make good any defects in the title. 
B)  warrants against only those encumbrances that arise after a grantee acquires the property. 
C)  is used to cure technical defect in the chain of title to property. 
D)  disallows a grantee the right to sue the grantor. 
A)  conveys title and guarantees to make good any defects in the title. 
B)  warrants against only those encumbrances that arise after a grantee acquires the property. 
C)  is used to cure technical defect in the chain of title to property. 
D)  disallows a grantee the right to sue the grantor.

Question 2

Kent University does not have enough parking space to accommodate the vehicles of all of its students,staff,and faculty.Cesario owns a sizable plot of land just north of the campus and has given many students oral permission to park on his land.Which of the following statements is true in this case?

Accepted Answer

A)  Cesario has created an easement by necessity. 
B)  Cesario has created a negative easement. 
C)  Cesario has created a license. 
D)  Cesario has created a tenancy at will. 
A)  Cesario has created an easement by necessity. 
B)  Cesario has created a negative easement. 
C)  Cesario has created a license. 
D)  Cesario has created a tenancy at will.

Question 3

A quitclaim deed:

Accepted Answer

A)  guarantees that the grantor has good title to the real property. 
B)  affords the grantee the right to sue the grantor for defective title. 
C)  is used to cure technical defect in the chain of title to property. 
D)  warrants against all liens and easements. 
A)  guarantees that the grantor has good title to the real property. 
B)  affords the grantee the right to sue the grantor for defective title. 
C)  is used to cure technical defect in the chain of title to property. 
D)  warrants against all liens and easements.

Question 4

A life estate is a property interest that grants a person the right to use property for an indefinite period.

Accepted Answer

A) True 
 B)False

Question 5

The rights of use,possession,contribution,and partition of joint tenants are different from those of tenants in common.

Accepted Answer

A) True 
 B)False

Question 6

In terms of interests in real property,a _____ is not an interest in land but a temporary right to use another person's land for a limited and specific purpose.

Accepted Answer

A)  private restriction 
B)  fee simple 
C)  leasehold 
D)  license 
A)  private restriction 
B)  fee simple 
C)  leasehold 
D)  license

Question 7

The Fifth Amendment to the Constitution provides that private property shall not be taken for public use without "just compensation."

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is an affirmative easement?

Accepted Answer

A)  The right to drill for oil and gas on the land of another person 
B)  The tenant's right to use the property during his lifetime 
C)  The ability to obtain oral permission to hunt on another person's land 
D)  The right to have one's neighbor refrain from erecting a building on his property 
A)  The right to drill for oil and gas on the land of another person 
B)  The tenant's right to use the property during his lifetime 
C)  The ability to obtain oral permission to hunt on another person's land 
D)  The right to have one's neighbor refrain from erecting a building on his property

Question 9

Inverse condemnation occurs when:

Accepted Answer

A)  one property owner acquires title to neighboring property by occupying the property for a certain number of years. 
B)  a tenant acquires ownership of fixtures by occupying the property and using the fixtures. 
C)  landowners seek compensation from the governmental unit whose actions effectively amount to a physical taking of their land. 
D)  the government institutes a formal legal action to exercise eminent domain power. 
A)  one property owner acquires title to neighboring property by occupying the property for a certain number of years. 
B)  a tenant acquires ownership of fixtures by occupying the property and using the fixtures. 
C)  landowners seek compensation from the governmental unit whose actions effectively amount to a physical taking of their land. 
D)  the government institutes a formal legal action to exercise eminent domain power.

Question 10

An implied warranty of habitability:

Accepted Answer

A)  guarantees that a house is free of hidden defects that would render it unsafe for human habitation. 
B)  applies to any ordinary seller of a house, and not just builders, builder-vendors, and developers. 
C)  when breached, subjects the defendant to liability measured only by the cost of repairs. 
D)  is limited to the first buyer and does not extend to subsequent purchasers of a property. 
A)  guarantees that a house is free of hidden defects that would render it unsafe for human habitation. 
B)  applies to any ordinary seller of a house, and not just builders, builder-vendors, and developers. 
C)  when breached, subjects the defendant to liability measured only by the cost of repairs. 
D)  is limited to the first buyer and does not extend to subsequent purchasers of a property.

Question 11

Engaging a real estate broker is a legal requirement for the sale of real property.

Accepted Answer

A) True 
 B)False

Question 12

A negative easement is the legal right to make use of the land of another person.

Accepted Answer

A) True 
 B)False

Question 13

Darius has the right to prevent his neighbor from erecting a building on his property that would block light and air from Darius's home.This is an example of a(n)_____.

Accepted Answer

A)  necessity 
B)  negative easement 
C)  adverse possession 
D)  affirmative easement 
A)  necessity 
B)  negative easement 
C)  adverse possession 
D)  affirmative easement

Question 14

A person may have the right to use the land of another person but not to actually occupy it on a long-term basis.The property interest that grants a person this particular right is known as a(n)_____.

Accepted Answer

A)  fee simple 
B)  license 
C)  lease 
D)  easement 
A)  fee simple 
B)  license 
C)  lease 
D)  easement

Question 15

A lease for which no time period is specified is known as a tenancy at will.

Accepted Answer

A) True 
 B)False

Question 16

George owns three adjacent town houses in an upscale neighborhood.He sells one to Bernardo but gets him to promise to never sell the property to a woman or a poor person.This restriction is built into the deed George gives to Bernardo,along with a statement that the property is to revert to George if this promise is broken.Which of the following statements is true in this case?

Accepted Answer

A)  This restriction is enforceable because it is built into the deed. 
B)  This restriction is enforceable because it does not effectively prevent the sale of the property to anyone else. 
C)  This restriction is not enforceable because it is against public policy. 
D)  This restriction is not enforceable because private restrictions only apply to the size and cost of the house. 
A)  This restriction is enforceable because it is built into the deed. 
B)  This restriction is enforceable because it does not effectively prevent the sale of the property to anyone else. 
C)  This restriction is not enforceable because it is against public policy. 
D)  This restriction is not enforceable because private restrictions only apply to the size and cost of the house.

Question 17

Which of the following is an example of community property?

Accepted Answer

A)  Property acquired during the marriage through a spouse's industry or efforts 
B)  Property a spouse owned before the marriage 
C)  Property acquired by a spouse during the marriage as a gift or by inheritance 
D)  Property exchanged for separate property 
A)  Property acquired during the marriage through a spouse's industry or efforts 
B)  Property a spouse owned before the marriage 
C)  Property acquired by a spouse during the marriage as a gift or by inheritance 
D)  Property exchanged for separate property

Question 18

A conveyance of real property also transfers the fixtures associated with that property.

Accepted Answer

A) True 
 B)False

Question 19

The Real Estate Settlement Procedures Act (RESPA):

Accepted Answer

A)  requires that buyers receive advance disclosure of the settlement costs that will be incurred. 
B)  is designed to prevent discrimination against pregnant women and families with children in settlement procedures. 
C)  permits settlements for referral of business to title companies. 
D)  requires that title insurance be purchased from the company specified by the seller. 
A)  requires that buyers receive advance disclosure of the settlement costs that will be incurred. 
B)  is designed to prevent discrimination against pregnant women and families with children in settlement procedures. 
C)  permits settlements for referral of business to title companies. 
D)  requires that title insurance be purchased from the company specified by the seller.

Question 20

The Title III of the Americans with Disabilities Act (ADA)of 1990:

Accepted Answer

A)  classifies only nonbusiness enterprises as places of public accommodation. 
B)  does not require private clubs and religious organizations to comply with the statute. 
C)  classifies only business enterprises as places of public accommodation. 
D)  does not treat stores at which goods are sold or rented as places of public accommodation. 
A)  classifies only nonbusiness enterprises as places of public accommodation. 
B)  does not require private clubs and religious organizations to comply with the statute. 
C)  classifies only business enterprises as places of public accommodation. 
D)  does not treat stores at which goods are sold or rented as places of public accommodation.

Exam 34: Real Property

A warranty deed:

A quitclaim deed:

A life estate is a property interest that grants a person the right to use property for an indefinite period.

The rights of use,possession,contribution,and partition of joint tenants are different from those of tenants in common.

In terms of interests in real property,a _____ is not an interest in land but a temporary right to use another person's land for a limited and specific purpose.

The Fifth Amendment to the Constitution provides that private property shall not be taken for public use without "just compensation."

Which of the following is an affirmative easement?

Inverse condemnation occurs when:

An implied warranty of habitability:

Engaging a real estate broker is a legal requirement for the sale of real property.

A negative easement is the legal right to make use of the land of another person.

Darius has the right to prevent his neighbor from erecting a building on his property that would block light and air from Darius's home.This is an example of a(n)_____.

A person may have the right to use the land of another person but not to actually occupy it on a long-term basis.The property interest that grants a person this particular right is known as a(n)_____.

A lease for which no time period is specified is known as a tenancy at will.

Which of the following is an example of community property?

A conveyance of real property also transfers the fixtures associated with that property.

The Real Estate Settlement Procedures Act (RESPA):

The Title III of the Americans with Disabilities Act (ADA)of 1990:

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Propertypart Two Contracts

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remediespart Three Sales

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contractspart Four Agency and Employment

The Agency Relationship-Creation, duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws-Part Five Business Organizations

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountantspart Six Property

Personal Property and Bailments

Landlord and Tenant

Estates and Trusts

Insurance-Part Seven Commercial Paper

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers-Part Eight Credit Transactions

Introduction to Security

Security Interests in Personal Property

Bankruptcy-Part Nine Government Regulation

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

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