Exam 48: Real Property
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Exam 48: Real Property98 Questions
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Which of the following forms of co-ownership of real property applies only to married couples?
(Multiple Choice)
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________ is an interest in real property that lasts for a specified person's lifetime.
(Multiple Choice)
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A(n) ________ grants the owner all the incidents of a fee simple absolute except that ownership may be taken away if a specified condition occurs or does not occur.
(Multiple Choice)
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Which of the following is true of a tenancy by the entirety?
(Multiple Choice)
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Properties owned by state and federal governments are subject to the doctrine of adverse possession.
(True/False)
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(35)
An easement is an example of nonpossessory interest in another's real property.
(True/False)
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A ________ is a situation in which a person holds an interest in another person's property without actually owning any part of the property.
(Multiple Choice)
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Recording a deed gives constructive notice to the world of the owner's interest in the property.
(True/False)
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If an owner of real property fails to pay property taxes, the government can obtain a lien on the property for the amount of the taxes.
(True/False)
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Which of the following statements is true of adverse possession?
(Multiple Choice)
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Which of the following defines a remainder as a form of future interest?
(Multiple Choice)
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A deceased joint tenant's will is effective over the right to survivorship.
(True/False)
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A terminated life estate property reverts to the grantor or the grantor's estate or other designated person.
(True/False)
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The difference between a qualified fee ownership and a fee simple ownership is that a qualified fee ownership can be ________.
(Multiple Choice)
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A given or required right to make limited use of someone else's land without owning or leasing it is called a(n) ________.
(Multiple Choice)
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