Exam 38: Real Property
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Exam 36: Morgages and Foreclosures72 Questions
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Exam 38: Real Property72 Questions
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Jaime conveys his historic mansion to Main Street Historical Society in fee simple defeasible.In the mansion,Jaime now has
(Multiple Choice)
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John owns an orchard behind Kay's house and property.The only access to the orchard is Kay's driveway,which John uses to get to his land.Does John have an ownership interest in this use of Kay's driveway? If so,what is it?
(Essay)
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Limits on subsurface rights are normally stated in a document transferring ownership of the land.
(True/False)
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Rollo deeds a plot of timberland to Scholars University as a gift.The univer?sity pays nothing for the property.Rollo has given the university
(Multiple Choice)
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Jacob owns five acres of land.On his land Jacob has a house and a toolshed. There are ten large maple trees around the house that were there when Jacob bought the land.Since buying the land,Jacob has planted an apple tree.Jacob's real property includes
(Multiple Choice)
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Mineral Products Corporation,which owns no land,has a right to mine the copper from Natural Resource Company's land.Mineral's right is
(Multiple Choice)
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A conveyance of property for the life of a specified individual creates a fee simple defeasible.
(True/False)
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Tyro has the right to drive across Ula's land,which is next to Tyro's prop?erty,to reach an access road.Tyro's right is
(Multiple Choice)
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Flights over private land normally do NOT violate the property owners' rights.
(True/False)
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The holder of a life estate has the right to use property for whatever purpose he or she sees fit without regard to the rights of a fee simple owner.
(True/False)
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Fact Pattern 38-1 (Questions 16-18 apply)
Nika owns land in Ohio.Her ownership rights include the right to sell or give away the property without restriction,and the right to commit waste,if she chooses.
-Refer to Fact Pattern 38-1.Nika deeds some of her land to Polly.The deed states,"To Polly,for life,then to Quay." Nika has given Polly
(Multiple Choice)
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A statue that is not physically attached to the land can be a fixture.
(True/False)
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Gardner deeds a plot of land to Homes for the Homeless,a local charity.The deed states,"To Homes for the Homeless,as long as it provides shelter for those without." Gardner has given the charity
(Multiple Choice)
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The exterior boundaries of land extend straight down for 500 feet and straight up for 500 feet.
(True/False)
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With respect to Egor's land,Fig has an easement,Gabe has a profit,and Huck has a license.A right to possess the land is owned by
(Multiple Choice)
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Ownership in fee simple defeasible constitutes absolute ownership.
(True/False)
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