Exam 24: Real and Personal Property

A person who finds property has a(n)_________ responsibility to make reasonable efforts to return the property to its rightful owner.

________ is the right of an owner of property such as plants or animals to increase in the property.The owner of a cow,for example,owns the calves born to the cow.

When two or more persons own equal shares of a property then it is called:

The right to extract minerals,such as oil or coal,from land is known as subterranean rights.

Items of personal property added to real property are fixtures.

For title to pass through adverse possession it need not be proved that there was actual and exclusive continuous possession or use of the property.

The transfer of real property is,in many ways simpler than the transfer of personal property.

Personal property,such as trees or shrubbery purchased at a nursery,become:

The owner of a freehold estate who holds the estate absolutely is said to hold it in:

The distinction of tenancy in common is that an owner's interest passes to the person who shares the ownership at the time of his or her death.

Briefly discuss the terms,"tenancy by the entirety" and "tenancy in common."

Personal property,such as trees or shrubbery purchased at a nursery,become real property when they are planted.

The one that provides the holder with certain rights during the period covered by the lease is called a(n):

Explain what quitclaim deeds are and when they are used.

A deed in which the grantor asserts that he or she has title and that the property is free of the claims of others is a:

The finder of lost property has ________ rights superior to everyone except the true owner.

A form of joint ownership of property by husband and wife in which both have the right to the entire property is a(n):

Rights to land include all of the following,EXCEPT:

Patents,rights to drill for oil on someone's land,and copyrights of creative works such as books are:

The evidence of ownership does not create title to personal property.To acquire a title to property,it is necessary to have actual: