Question 1

A tenant's fixture can be removed by the tenant when he leaves the property only if:

Accepted Answer

A) it was installed at the tenant's expense and not the landlord's. 
B) it can be removed without causing damage to the landlord's property. 
C) the cost of the fixture exceeds a certain maximum cost established by the state. 
D) the fixture does not in any way add to the value of the landlord's property. 
E) it is not considered to be a trade,agricultural,or domestic fixture. 
A) it was installed at the tenant's expense and not the landlord's. 
B) it can be removed without causing damage to the landlord's property. 
C) the cost of the fixture exceeds a certain maximum cost established by the state. 
D) the fixture does not in any way add to the value of the landlord's property. 
E) it is not considered to be a trade,agricultural,or domestic fixture. B

Question 2

The owner is entitled to the return of lost or misplaced property unless:

Accepted Answer

A) the finder actually takes the object into her possession. 
B) the goods are found on private property. 
C) it was lost on public land or in a public area. 
D) he has intentionally abandoned it. 
E) the finder has expenses in connection with returning the property. 
A) the finder actually takes the object into her possession. 
B) the goods are found on private property. 
C) it was lost on public land or in a public area. 
D) he has intentionally abandoned it. 
E) the finder has expenses in connection with returning the property. D

Question 3

The sale of personal property,but not real property,is governed by Article 2 of the Uniform Commercial Code.

Accepted Answer

A) True 
 B)False  True

Question 4

When a garage uses its paint to repaint a customer's automobile,the car owner,not the painter,is the owner of the finished product.This situation follows the general rule of:

Accepted Answer

A) receivership. 
B) composition. 
C) conversion. 
D) accession. 
E) confusion. 
A) receivership. 
B) composition. 
C) conversion. 
D) accession. 
E) confusion.

Question 5

A gift causa mortis can be revoked,while a gift inter vivos cannot.

Accepted Answer

A) True 
 B)False

Question 6

A gift inter vivos is a gift made by someone contemplating death in the near future.

Accepted Answer

A) True 
 B)False

Question 7

Gifts under the Uniform Transfers to Minors Act are limited for the most part to money or securities,while the Uniform Gifts to Minors Act allows gifts such as real estate.

Accepted Answer

A) True 
 B)False

Question 8

The three types of tenant's fixtures remain personal property and may be removed by the tenant if three conditions are met.What are they?

Accepted Answer

The three types of tenant's fixtures rem

Question 9

Sometimes,the personal property of one individual is intermingled,negligently or intentionally,with the personal property of another.This is known as:

Accepted Answer

A) accession. 
B) composition. 
C) conversion. 
D) contribution. 
E) confusion. 
A) accession. 
B) composition. 
C) conversion. 
D) contribution. 
E) confusion.

Question 10

Which of the following is an example of an intangible property?

Accepted Answer

A) A trademark 
B) A popsicle stand 
C) A hairdryer 
D) A steamroller 
E) A phone 
A) A trademark 
B) A popsicle stand 
C) A hairdryer 
D) A steamroller 
E) A phone

Question 11

Tenant's fixtures cannot be transferred when the tenant's lease expires,and must remain with the real property.

Accepted Answer

A) True 
 B)False

Question 12

For tax purposes,fixtures are treated as personal property.

Accepted Answer

A) True 
 B)False

Question 13

To make an effective gift inter vivos or causa mortis,the law imposes three requirements.What are they?

Accepted Answer

To make an effective gift inter vivos or

Question 14

Real property is movable whereas personal property is immovable.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is an example of an agricultural fixture?

Accepted Answer

A) Milling plants 
B) Book-shelves 
C) Washing machines 
D) Doors 
E) Screens 
A) Milling plants 
B) Book-shelves 
C) Washing machines 
D) Doors 
E) Screens

Question 16

Which of the following is true of a gift inter vivos?

Accepted Answer

A) It is made between living persons without conditions attached. 
B) It is made by someone contemplating death in the future. 
C) The gift is made with the intent to transfer the property at a future date. 
D) The donor has the power to revoke this gift before he dies. 
E) The donee loses title if the donor does not die. 
A) It is made between living persons without conditions attached. 
B) It is made by someone contemplating death in the future. 
C) The gift is made with the intent to transfer the property at a future date. 
D) The donor has the power to revoke this gift before he dies. 
E) The donee loses title if the donor does not die.

Question 17

Tangible property is something without physical reality that entitles the owner to certain benefits.

Accepted Answer

A) True 
 B)False

Question 18

The finder who knows the owner or has reasonable means of discovering the owner's identity commits _____ if she holds on to the object with the intent that it be hers.

Accepted Answer

A) capital theft 
B) brigandage 
C) embezzlement 
D) fraud 
E) larceny 
A) capital theft 
B) brigandage 
C) embezzlement 
D) fraud 
E) larceny

Question 19

Which of the following refers to an object that was once personal property but that has become so attached to land or structures that it is considered legally a part of the real property?

Accepted Answer

A) Chattel 
B) Fixture 
C) Accession 
D) Codicil 
E) Lien 
A) Chattel 
B) Fixture 
C) Accession 
D) Codicil 
E) Lien

Question 20

Which of the following is true of real and personal property?

Accepted Answer

A) Real property is movable. 
B) Transfer of personal property can take place without any documents at all. 
C) Personal property is immovable and can only be transferred by a deed. 
D) At common law,real property has been referred to as chattels. 
E) The sale of personal property is governed by the general law of contracts. 
A) Real property is movable. 
B) Transfer of personal property can take place without any documents at all. 
C) Personal property is immovable and can only be transferred by a deed. 
D) At common law,real property has been referred to as chattels. 
E) The sale of personal property is governed by the general law of contracts.

Exam 29: Introduction to Property: Personal Property and Fixtures

A tenant's fixture can be removed by the tenant when he leaves the property only if:

The owner is entitled to the return of lost or misplaced property unless:

The sale of personal property,but not real property,is governed by Article 2 of the Uniform Commercial Code.

When a garage uses its paint to repaint a customer's automobile,the car owner,not the painter,is the owner of the finished product.This situation follows the general rule of:

A gift causa mortis can be revoked,while a gift inter vivos cannot.

A gift inter vivos is a gift made by someone contemplating death in the near future.

Gifts under the Uniform Transfers to Minors Act are limited for the most part to money or securities,while the Uniform Gifts to Minors Act allows gifts such as real estate.

The three types of tenant's fixtures remain personal property and may be removed by the tenant if three conditions are met.What are they?

Sometimes,the personal property of one individual is intermingled,negligently or intentionally,with the personal property of another.This is known as:

Which of the following is an example of an intangible property?

Tenant's fixtures cannot be transferred when the tenant's lease expires,and must remain with the real property.

For tax purposes,fixtures are treated as personal property.

To make an effective gift inter vivos or causa mortis,the law imposes three requirements.What are they?

Real property is movable whereas personal property is immovable.

Which of the following is an example of an agricultural fixture?

Which of the following is true of a gift inter vivos?

Tangible property is something without physical reality that entitles the owner to certain benefits.

The finder who knows the owner or has reasonable means of discovering the owner's identity commits _____ if she holds on to the object with the intent that it be hers.

Which of the following refers to an object that was once personal property but that has become so attached to land or structures that it is considered legally a part of the real property?

Which of the following is true of real and personal property?

Introduction to Law and Legal Systems

Corporate Social Responsibility and Business Ethics

Courts and the Legal Process

Constitutional Law and Uscommerce

Administrative Law

Criminal Law

Introduction to Tort Law

Contracts

Products Liability

Consumer Credit Transactions

Secured Transactions and Suretyship

Mortgages and Nonconsensual Liens

Bankruptcy

Relationships Between Principal and Agent

Liability of Principal and Agent; Termination of Agency

Employment Law

Labor-Management Relations

Partnerships: General Characteristics and Formation

Partnership Operation and Termination

Hybrid Business Forms

Corporation: General Characteristics and Formation

Legal Aspects of Corporate Finance

Corporate Powers and Management

Securities Regulation

Corporate Expansion,state and Federal Regulation of Foreign Corporations,and Corporate Dissolution

Antitrust Law

Unfair Trade Practices and the Federal Trade Commission

The Nature and Regulation of Real Estate and the Environment

Intellectual Property

The Transfer of Real Estate by Sale

Landlord and Tenant Law

International Law

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