Question 1

In order to acquire title to property by adverse possession,the adverse possessor must continually use the property for a statutorily prescribed period of time.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is sufficient for a gift of real property to be valid?

Accepted Answer

A)  Properly executed deed 
B)  Possession of the property 
C)  Actual possession of the property 
D)  An oral declaration 
A)  Properly executed deed 
B)  Possession of the property 
C)  Actual possession of the property 
D)  An oral declaration

Question 3

Which of the following is a true statement about easements?

Accepted Answer

A)  It gives the right to make certain uses of another's property. 
B)  They are more informal than licenses. 
C)  It pertains to personal rather than real property. 
D)  They cannot pass with the land. 
A)  It gives the right to make certain uses of another's property. 
B)  They are more informal than licenses. 
C)  It pertains to personal rather than real property. 
D)  They cannot pass with the land.

Question 4

Which of the following characterizes a tenancy in common?

Accepted Answer

A)  Each tenant has equal right to possess and use the property. 
B)  The tenants must be a married couple. 
C)  It grants the right of survivorship. 
D)  Tenants are not allowed to divide the property. 
A)  Each tenant has equal right to possess and use the property. 
B)  The tenants must be a married couple. 
C)  It grants the right of survivorship. 
D)  Tenants are not allowed to divide the property.

Question 5

Which of the following factors is most significant in determining whether an item of personal property has become a fixture?

Accepted Answer

A)  The extent of injury to the property by its removal. 
B)  The value of the item. 
C)  Actual physical attachment to real property. 
D)  The buyer of the item. 
A)  The extent of injury to the property by its removal. 
B)  The value of the item. 
C)  Actual physical attachment to real property. 
D)  The buyer of the item.

Question 6

Eminent domain:

Accepted Answer

A)  allows the government to acquire private property for public use. 
B)  allows a private citizen to sue his neighbors for nuisance. 
C)  instructs private citizens to ensure reasonable security of their premises. 
D)  prohibits discrimination in housing on the basis of race or disabilities. 
A)  allows the government to acquire private property for public use. 
B)  allows a private citizen to sue his neighbors for nuisance. 
C)  instructs private citizens to ensure reasonable security of their premises. 
D)  prohibits discrimination in housing on the basis of race or disabilities.

Question 7

In the sale of a home,which of the following would likely be treated as a fixture?

Accepted Answer

A)  A couch to match the upholstery 
B)  A ceiling fan 
C)  A lawn mower 
D)  A new console table 
A)  A couch to match the upholstery 
B)  A ceiling fan 
C)  A lawn mower 
D)  A new console table

Question 8

A restrictive covenant may no longer be valid if the circumstances surrounding the need for the covenant drastically change.

Accepted Answer

A) True 
 B)False

Question 9

Any land owner can bring an action for a public nuisance.

Accepted Answer

A) True 
 B)False

Question 10

Nancy,aged 70,has a vacant plot adjacent to her house which she intends to bequeath to her grandson Roy upon her death.However,an important railroad project is being undertaken nearby and the local authorities have informed Nancy that the new railroad will cover her vacant lot.They have also promised her compensation in return.Can the government take her property?

Accepted Answer

A)  No,because the plot belongs to her. 
B)  No,because she already intends to bequeath the land to someone. 
C)  Yes,because the government has eminent domain. 
D)  Yes,because the government is the actual owner of all private property. 
A)  No,because the plot belongs to her. 
B)  No,because she already intends to bequeath the land to someone. 
C)  Yes,because the government has eminent domain. 
D)  Yes,because the government is the actual owner of all private property.

Exam 24: Real Property

In order to acquire title to property by adverse possession,the adverse possessor must continually use the property for a statutorily prescribed period of time.

Which of the following is sufficient for a gift of real property to be valid?

Which of the following is a true statement about easements?

Which of the following characterizes a tenancy in common?

Which of the following factors is most significant in determining whether an item of personal property has become a fixture?

Eminent domain:

In the sale of a home,which of the following would likely be treated as a fixture?

A restrictive covenant may no longer be valid if the circumstances surrounding the need for the covenant drastically change.

Any land owner can bring an action for a public nuisance.

The Nature of Law

The Resolution of Private Disputes

Business and the Constitution

Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

Criminal Law and Procedure

Intentional Torts

Negligence and Strict Liability

Intellectual Property and Unfair Competition

Introduction to Contracts

The Agreement: Offer

The Agreement: Acceptance

Consideration

Reality of Consent

Capacity to Contract

Illegality

Writing

Rights of Third Parties

Performance and Remedies

Formation and Terms of Sales Contracts

Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

Personal Property and Bailments

Landlord and Tenant

Estates and Trusts

Insurance Law

Introduction to Credit and Secured Transactions

Security Interests in Personal Property

Bankruptcy

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Transfers

The Agency Relationship

Third-Party Relations of the Principal and the Agent

Introduction to Forms of Business and Formation of Partnerships

Operation of Partnerships and Related Forms

Partners Dissociation and Partnerships Dissolution and Winding up

Limited Liability Companies, Limited Partnerships, and Limited Liability Limited Partnerships

History and Nature of Corporations

Organization and Financial Structure of Corporations

Management of Corporations

Shareholders Rights and Liabilities

Securities Regulation

Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals

Administrative Law

The Federal Trade Commission Act and Consumer Protection Laws

Antitrust: the Sherman Act

The Clayton Act, the Robinson-Patman Act, and Antitrust Exemptions and Immunities

Employment Law

Environmental Regulation

Filters