Question 1

In a community property state,each spouse has a claim to the fruits of their own labors.

Accepted Answer

A) True 
 B)False  False

Question 2

In a condominium,each unit owner owns only their particular unit.

Accepted Answer

A) True 
 B)False  False

Question 3

Things such as radio towers,bridges,and water filtration plants are not real property.

Accepted Answer

A) True 
 B)False  False

Question 4

In tenancy in common,the interests of a surviving tenancy in common pass on to the co-tenants.

Accepted Answer

A) True 
 B)False

Question 5

A freehold estate is where the owner has a present possessory interest in the real property.

Accepted Answer

A) True 
 B)False

Question 6

Real property can become personal property.

Accepted Answer

A) True 
 B)False

Question 7

An estate pour autre vie creates:

Accepted Answer

A) A brief interest in personal property. 
B) A permanent transfer of goods. 
C) A lifetime interest in real property. 
D) None of the above. 
A) A brief interest in personal property. 
B) A permanent transfer of goods. 
C) A lifetime interest in real property. 
D) None of the above.

Question 8

Under the common law,innkeepers are held to a strict liability standard for loss to personal property of transient guests.

Accepted Answer

A) True 
 B)False

Question 9

In this form of concurrent ownership,there does not exist a right of survivorship:

Accepted Answer

A) Joint tenancy. 
B) Tenancy in common. 
C) Tenancy in the entirety. 
D) Community property. 
A) Joint tenancy. 
B) Tenancy in common. 
C) Tenancy in the entirety. 
D) Community property.

Question 10

Under condominium ownership,the individual owners own individually the following:

Accepted Answer

A) Their dwelling unit. 
B) Their hallway. 
C) Their parking areas. 
D) Their recreational facilities. 
A) Their dwelling unit. 
B) Their hallway. 
C) Their parking areas. 
D) Their recreational facilities.

Question 11

A quitclaim deed provides the greatest number of warranties and the most protections.

Accepted Answer

A) True 
 B)False

Question 12

The following are forms of real property transfer documents:

Accepted Answer

A) Warranty deed. 
B) Quitclaim deed. 
C) Both of the above. 
D) None of the above. 
A) Warranty deed. 
B) Quitclaim deed. 
C) Both of the above. 
D) None of the above.

Question 13

Real property includes the following:

Accepted Answer

A) Subsurface rights. 
B) Plant life and vegetation. 
C) Fixtures. 
D) All of the above. 
A) Subsurface rights. 
B) Plant life and vegetation. 
C) Fixtures. 
D) All of the above.

Question 14

Under an estray statute,a finder may clear title to mislaid or lost property if:

Accepted Answer

A) The finder reports the found property and turns over possession. 
B) Notice and advertisements are published describing the lost property. 
C) A specified time has passed without the rightful owner claiming the property. 
D) All of the above. 
A) The finder reports the found property and turns over possession. 
B) Notice and advertisements are published describing the lost property. 
C) A specified time has passed without the rightful owner claiming the property. 
D) All of the above.

Question 15

Intangible property includes all but the following:

Accepted Answer

A) Stock certificates. 
B) Furniture. 
C) Bonds. 
D) Copyrights. 
A) Stock certificates. 
B) Furniture. 
C) Bonds. 
D) Copyrights.

Question 16

The following is the highest form or ownership of real property:

Accepted Answer

A) Fee simple defeasible. 
B) Qualified fee. 
C) Fee impressive. 
D) Fee simple absolute. 
A) Fee simple defeasible. 
B) Qualified fee. 
C) Fee impressive. 
D) Fee simple absolute.

Question 17

Easements are created by:

Accepted Answer

A) Implication. 
B) Necessity. 
C) Prescription. 
D) All of the above. 
A) Implication. 
B) Necessity. 
C) Prescription. 
D) All of the above.

Question 18

Land is the most common form of person property.

Accepted Answer

A) True 
 B)False

Question 19

There are three kinds of property.

Accepted Answer

A) True 
 B)False

Question 20

Adverse possession of property involves:

Accepted Answer

A) Possession of the property over a lengthy period of time. 
B) Putting the property owner on notice of the possession. 
C) Actually possessing the property. 
D) All of the above. 
A) Possession of the property over a lengthy period of time. 
B) Putting the property owner on notice of the possession. 
C) Actually possessing the property. 
D) All of the above.

In a community property state,each spouse has a claim to the fruits of their own labors.

In a condominium,each unit owner owns only their particular unit.

Things such as radio towers,bridges,and water filtration plants are not real property.

In tenancy in common,the interests of a surviving tenancy in common pass on to the co-tenants.

A freehold estate is where the owner has a present possessory interest in the real property.

Real property can become personal property.

An estate pour autre vie creates:

Under the common law,innkeepers are held to a strict liability standard for loss to personal property of transient guests.

In this form of concurrent ownership,there does not exist a right of survivorship:

Under condominium ownership,the individual owners own individually the following:

A quitclaim deed provides the greatest number of warranties and the most protections.

The following are forms of real property transfer documents:

Real property includes the following:

Under an estray statute,a finder may clear title to mislaid or lost property if:

Intangible property includes all but the following:

The following is the highest form or ownership of real property:

Easements are created by:

Land is the most common form of person property.

There are three kinds of property.

Adverse possession of property involves:

The Nature of Law and Critical Legal Thinking

The American Court System

Civil Litigation and Alternative Dispute Resolution

Criminal Law and Ethics

Constitutional Law and Freedoms

Torts and Product Liability

Contracts and E-Commerce

Family Law

Wills,Trusts,and Estates

Business Organizations

Agency, Employment, and Equal Opportunity Law

Credit, Suretyship, and Bankruptcy

Intellectual Property and Internet Law

Administrative Law, Consumer, Investor, and Environmental Protection

Concepts in Law

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Exam 8: Real and Personal Property

In a community property state,each spouse has a claim to the fruits of their own labors.

In a condominium,each unit owner owns only their particular unit.

Things such as radio towers,bridges,and water filtration plants are not real property.

In tenancy in common,the interests of a surviving tenancy in common pass on to the co-tenants.

A freehold estate is where the owner has a present possessory interest in the real property.

Real property can become personal property.

An estate pour autre vie creates:

Under the common law,innkeepers are held to a strict liability standard for loss to personal property of transient guests.

In this form of concurrent ownership,there does not exist a right of survivorship:

Under condominium ownership,the individual owners own individually the following:

A quitclaim deed provides the greatest number of warranties and the most protections.

The following are forms of real property transfer documents:

Real property includes the following:

Under an estray statute,a finder may clear title to mislaid or lost property if:

Intangible property includes all but the following:

The following is the highest form or ownership of real property:

Easements are created by:

Land is the most common form of person property.

There are three kinds of property.

Adverse possession of property involves:

The Nature of Law and Critical Legal Thinking

The American Court System

Civil Litigation and Alternative Dispute Resolution

Criminal Law and Ethics

Constitutional Law and Freedoms

Torts and Product Liability

Contracts and E-Commerce

Family Law

Wills,Trusts,and Estates

Business Organizations

Agency, Employment, and Equal Opportunity Law

Credit, Suretyship, and Bankruptcy

Intellectual Property and Internet Law

Administrative Law, Consumer, Investor, and Environmental Protection

Concepts in Law

Filters