Question 1

Which of the following statements is true of fixtures?

Accepted Answer

A)  A person who attaches fixtures to real property is always entitled to compensation from the owner. 
B)  Fixtures associated with a real property belong to the owner of the real property. 
C)  A conveyance of real property does not transfer the fixtures associated with that property. 
D)  Fixtures cannot be categorized as property if they are not specifically mentioned as such in a conveyance. 
A)  A person who attaches fixtures to real property is always entitled to compensation from the owner. 
B)  Fixtures associated with a real property belong to the owner of the real property. 
C)  A conveyance of real property does not transfer the fixtures associated with that property. 
D)  Fixtures cannot be categorized as property if they are not specifically mentioned as such in a conveyance. B

Question 2

To amount to a nuisance, a property use must be illegal.

Accepted Answer

A) True 
 B)False  False

Question 3

Aliyah deeded her house for consideration to her friend, Jada, by quitclaim deed. One year after the transfer, Jada discovered that 50 years earlier, Aliyah's great grandfather, then the owner of the property, had transferred part of the property to a local church. The church is now asserting ownership of the property and wants to build a parking lot on the plot. What action, if any, can Jada bring against Aliyah to recover damages for breach of warranty of title in this case?

Accepted Answer

Jada has no action against Aliyah under these circumstances because Aliyah's transfer of ownership was by quitclaim deed. In a quitclaim deed, the grantor does not claim to have good title or, in fact, any title. If the title proves to be defective, the grantee has no right to sue the grantor under the quitclaim deed.

Question 4

A person may have the right to use the land of another person but not to actually occupy it on a long-term basis. The property interest that grants a person this particular right is known as a(n) _____.

Accepted Answer

A)  fee simple 
B)  license 
C)  lease 
D)  easement 
A)  fee simple 
B)  license 
C)  lease 
D)  easement

Question 5

Marvel Developers Corp. built a subdivision in which it offered a number of houses for sale. The Smiths bought one of these houses. During the first rain, water entered under the crawl space of the house and accumulated to a depth of 17 inches in a room where the furnace and water heater were located. This frequently caused the water heater to perform inefficiently. With each rainfall, water continued to collect. The house became damp and developed a serious mildew problem. What remedies do the Smiths have?

Accepted Answer

The Smiths can sue Marvel Developers Cor

Question 6

After a valid deed is delivered from a grantor to grantee, the:

Accepted Answer

A)  title is still not effectively conveyed till witnessed by two people. 
B)  grantee should immediately record the deed. 
C)  grantee should post a "legal notice" in the newspaper. 
D)  interest of a grantor cannot be defeated by third parties. 
A)  title is still not effectively conveyed till witnessed by two people. 
B)  grantee should immediately record the deed. 
C)  grantee should post a "legal notice" in the newspaper. 
D)  interest of a grantor cannot be defeated by third parties.

Question 7

A negative easement is the right to have someone who owns an adjoining piece of property refrain from making certain uses of his or her land.

Accepted Answer

A) True 
 B)False

Question 8

The life estate is the basic land ownership in the United States.

Accepted Answer

A) True 
 B)False

Question 9

A fee simple is a property interest that gives a person the right to use property only for his own lifetime or for a time that is measured by the lifetime of somebody else.

Accepted Answer

A) True 
 B)False

Question 10

A warranty deed:

Accepted Answer

A)  conveys title and guarantees to make good any defects in the title. 
B)  warrants against only those encumbrances that arise after a grantee acquires the property. 
C)  is used to cure technical defect in the chain of title to property. 
D)  disallows a grantee the right to sue the grantor. 
A)  conveys title and guarantees to make good any defects in the title. 
B)  warrants against only those encumbrances that arise after a grantee acquires the property. 
C)  is used to cure technical defect in the chain of title to property. 
D)  disallows a grantee the right to sue the grantor.

Question 11

The Title III of the Americans with Disabilities Act (ADA) of 1990:

Accepted Answer

A)  classifies only nonbusiness enterprises as places of public accommodation. 
B)  does not require private clubs and religious organizations to comply with the statute. 
C)  classifies only business enterprises as places of public accommodation. 
D)  does not treat stores at which goods are sold or rented as places of public accommodation. 
A)  classifies only nonbusiness enterprises as places of public accommodation. 
B)  does not require private clubs and religious organizations to comply with the statute. 
C)  classifies only business enterprises as places of public accommodation. 
D)  does not treat stores at which goods are sold or rented as places of public accommodation.

Question 12

Nuisances may be private or public.

Accepted Answer

A) True 
 B)False

Question 13

Persons who own property under a tenancy in common have undivided interests in the property and equal rights to possess it.

Accepted Answer

A) True 
 B)False

Question 14

All states permit married couples to own real property under a tenancy by the entirety.

Accepted Answer

A) True 
 B)False

Question 15

A quitclaim deed:

Accepted Answer

A)  guarantees that the grantor has good title to the real property. 
B)  affords the grantee the right to sue the grantor for defective title. 
C)  is used to cure technical defect in the chain of title to property. 
D)  warrants against all liens and easements. 
A)  guarantees that the grantor has good title to the real property. 
B)  affords the grantee the right to sue the grantor for defective title. 
C)  is used to cure technical defect in the chain of title to property. 
D)  warrants against all liens and easements.

Question 16

A property interest that allows a person who owns real property to dispose of it either during his lifetime or on his death is a(n) _____ property interest.

Accepted Answer

A)  fee simple 
B)  life estate 
C)  affirmative easement 
D)  leasehold 
A)  fee simple 
B)  life estate 
C)  affirmative easement 
D)  leasehold

Question 17

Which of the following statements is true of fixtures?

Accepted Answer

A)  When an item is of little value except for use with certain real property, it is likely to be considered a fixture even if it is unattached. 
B)  One who provides fixtures to real property without a request to that effect from the owner is entitled to compensation from the owner. 
C)  Personal property that may be removed with little injury to the property is likely to be considered a fixture. 
D)  Actual physical attachment to real property is necessary for an item to be considered a fixture. 
A)  When an item is of little value except for use with certain real property, it is likely to be considered a fixture even if it is unattached. 
B)  One who provides fixtures to real property without a request to that effect from the owner is entitled to compensation from the owner. 
C)  Personal property that may be removed with little injury to the property is likely to be considered a fixture. 
D)  Actual physical attachment to real property is necessary for an item to be considered a fixture.

Question 18

For a gift of real property to be valid, the donor must deliver a properly executed deed to the property to the donee or to some third person to hold it for the donee.

Accepted Answer

A) True 
 B)False

Question 19

An implied warranty of habitability:

Accepted Answer

A)  guarantees that a house is free of hidden defects that would render it unsafe for human habitation. 
B)  applies to any ordinary seller of a house, and not just builders, builder-vendors, and developers. 
C)  when breached, subjects the defendant to liability measured only by the cost of repairs. 
D)  is limited to the first buyer and does not extend to subsequent purchasers of a property. 
A)  guarantees that a house is free of hidden defects that would render it unsafe for human habitation. 
B)  applies to any ordinary seller of a house, and not just builders, builder-vendors, and developers. 
C)  when breached, subjects the defendant to liability measured only by the cost of repairs. 
D)  is limited to the first buyer and does not extend to subsequent purchasers of a property.

Question 20

Which of the following statements is true of an exclusive agency listing?

Accepted Answer

A)  The broker has the exclusive right to sell the property for a specified period of time. 
B)  The broker operating under this listing is entitled to a commission only if he or she was the first to find an able buyer. 
C)  The seller has the right to sell the property himself or herself without being obligated to pay the broker a commission. 
D)  The seller must pay the broker his or her commission irrespective of who found the buyer. 
A)  The broker has the exclusive right to sell the property for a specified period of time. 
B)  The broker operating under this listing is entitled to a commission only if he or she was the first to find an able buyer. 
C)  The seller has the right to sell the property himself or herself without being obligated to pay the broker a commission. 
D)  The seller must pay the broker his or her commission irrespective of who found the buyer.

Exam 34: Real Property

Which of the following statements is true of fixtures?

To amount to a nuisance, a property use must be illegal.

A person may have the right to use the land of another person but not to actually occupy it on a long-term basis. The property interest that grants a person this particular right is known as a(n) _____.

After a valid deed is delivered from a grantor to grantee, the:

A negative easement is the right to have someone who owns an adjoining piece of property refrain from making certain uses of his or her land.

The life estate is the basic land ownership in the United States.

A fee simple is a property interest that gives a person the right to use property only for his own lifetime or for a time that is measured by the lifetime of somebody else.

A warranty deed:

The Title III of the Americans with Disabilities Act (ADA) of 1990:

Nuisances may be private or public.

Persons who own property under a tenancy in common have undivided interests in the property and equal rights to possess it.

All states permit married couples to own real property under a tenancy by the entirety.

A quitclaim deed:

A property interest that allows a person who owns real property to dispose of it either during his lifetime or on his death is a(n) _____ property interest.

Which of the following statements is true of fixtures?

For a gift of real property to be valid, the donor must deliver a properly executed deed to the property to the donee or to some third person to hold it for the donee.

An implied warranty of habitability:

Which of the following statements is true of an exclusive agency listing?

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Property

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remedies

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

The Agency Relationship-Creation, Duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountants

Personal Property and Bailments

Landlord and Tenant

Estates and Trusts

Insurance

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers

Introduction to Security

Security Interests in Personal Property

Bankruptcy

The Antitrust Laws

Consumer Protection Laws

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