Question 1

After a valid deed is delivered from grantor to grantee:

Accepted Answer

A) title is still not effectively conveyed till witnessed by two people. 
B) the grantee should immediately record the deed. 
C) the grantee should post a "legal notice" in the newspaper. 
D) the grantee should get the deed deposited securely in a public office. 
A) title is still not effectively conveyed till witnessed by two people. 
B) the grantee should immediately record the deed. 
C) the grantee should post a "legal notice" in the newspaper. 
D) the grantee should get the deed deposited securely in a public office.

Question 2

Adele and Roy established a trailer park and restaurant on their property to supplement their income.Acme Oil operated a refinery 1,000 feet from Adele and Roy's property.The refinery regularly emits nauseating gases and odors in large quantities,which invade neighboring property and make people sick.Acme disregarded Adele and Roy's pleas to abate emitting the noxious odors.What can Adele and Roy do?

Accepted Answer

A) Adele and Roy can bring an action for private nuisance for damages and to enjoin Acme from emitting the odors. 
B) Adele and Roy cannot sue for public nuisance because private parties can never sue for abatement of public nuisance. 
C) Adele and Roy do not have a cause of action. 
D) Adele and Roy can sue for public nuisance as Acme is committing an illegal act. 
A) Adele and Roy can bring an action for private nuisance for damages and to enjoin Acme from emitting the odors. 
B) Adele and Roy cannot sue for public nuisance because private parties can never sue for abatement of public nuisance. 
C) Adele and Roy do not have a cause of action. 
D) Adele and Roy can sue for public nuisance as Acme is committing an illegal act.

Question 3

Fixtures are items of personal property which may be treated as a part of real property because of:

Accepted Answer

A) their use to the landlord. 
B) their attachment to that real property. 
C) the landlord's security interest in them. 
D) the commercial use of the fixture to that property. 
A) their use to the landlord. 
B) their attachment to that real property. 
C) the landlord's security interest in them. 
D) the commercial use of the fixture to that property.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements is true of fixtures?

Accepted Answer

A) When an item is of little value except for use with certain real property,it is likely to be considered a fixture even if it is unattached. 
B) One who provides fixtures to real property without a request to that effect from the owner is entitled to compensation from the owner. 
C) Personal property that may be removed with little injury to the property is likely to be considered a fixture. 
D) Actual physical attachment to real property is necessary for an item to be considered a fixture. 
A) When an item is of little value except for use with certain real property,it is likely to be considered a fixture even if it is unattached. 
B) One who provides fixtures to real property without a request to that effect from the owner is entitled to compensation from the owner. 
C) Personal property that may be removed with little injury to the property is likely to be considered a fixture. 
D) Actual physical attachment to real property is necessary for an item to be considered a fixture.

Question 6

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) Obtaining oral permission to hunt on another person's land. 
D) The right to have your 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) Obtaining oral permission to hunt on another person's land. 
D) The right to have your neighbor refrain from erecting a building on his property.

Question 7

The basic land ownership interest in the United States is:

Accepted Answer

A) fee simple. 
B) life estate. 
C) affirmative easement. 
D) leasehold. 
A) fee simple. 
B) life estate. 
C) affirmative easement. 
D) leasehold.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

An oral contract for the sale of real estate is generally enforceable under the statute of frauds.

Accepted Answer

A) True 
 B)False

Question 10

The Real Estate Settlement Procedures Act:

Accepted Answer

A) requires that buyers receive advance disclosure of the settlement costs that will be incurred. 
B) is designed to prevent discrimination in the housing market. 
C) permits payments for referral of business to title companies. 
D) requires that the 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 in the housing market. 
C) permits payments for referral of business to title companies. 
D) requires that the title insurance be purchased from the company specified by the seller.

Exam 34: Real Property

After a valid deed is delivered from grantor to grantee:

Fixtures are items of personal property which may be treated as a part of real property because of:

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

Which of the following statements is true of fixtures?

Which of the following is an affirmative easement?

The basic land ownership interest in the United States is:

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

An oral contract for the sale of real estate is generally enforceable under the statute of frauds.

The Real Estate Settlement Procedures Act:

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 Property

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 Remedies

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

The Agency Relationship-Creation, Duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws

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 Accountants

Personal Property and Bailments

Landlord and Tenant

Estates and Trusts

Insurance

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers

Introduction to Security

Security Interests in Personal Property

Bankruptcy

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

Filters