Deck 39: Nature of Real Property
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Deck 39: Nature of Real Property
1
A is the largest and most complete right that one may possess in property.
A)remainder estate
B)communal estate
C)life estate
D)fee simple estate
A)remainder estate
B)communal estate
C)life estate
D)fee simple estate
D
2
Dirt deposited along the boundary of real property is not added to it.
False
3
Improvements made by a residential tenant are generally presumed not to be fixtures.
True
4
A chain retail store opening for business in a shopping complex is an example of a .
A)easement
B)license
C)reversion
D)community property
A)easement
B)license
C)reversion
D)community property
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5
The automatic right of the remaining surviving owner(s)to own the entire property free of any interest of a deceased owner is called .
A)joint tenancy
B)possession
C)suretyship
D)survivorship
A)joint tenancy
B)possession
C)suretyship
D)survivorship
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6
Which of the following is considered personal property?
A)non-navigable river
B)soybeans growing in a field
C)apple trees
D)vineyard
A)non-navigable river
B)soybeans growing in a field
C)apple trees
D)vineyard
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7
A occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will.
A)tenancy by default
B)tenancy in common
C)tenancy by the entirety
D)public tenancy
A)tenancy by default
B)tenancy in common
C)tenancy by the entirety
D)public tenancy
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8
List consequences of the different ways in which two or more persons may own property.
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9
consists of land, including the actual soil, and all permanent attachments to the land, such as fences, walls, and other additions.
A)Fictitious property
B)Movable property
C)Intangible property
D)Real property
A)Fictitious property
B)Movable property
C)Intangible property
D)Real property
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10
Ownership of an estate for the duration of one's life is called a term for years.
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11
Personal property attached to land or a building that becomes a part of the land is known as a(n).
A)fixture
B)installment
C)tenant
D)attachment
A)fixture
B)installment
C)tenant
D)attachment
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12
Nine states in the U.S.A. recognize a form of ownership called community property.
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13
A color of title arises from some defective document purporting to be a deed or a will.
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14
An individual may acquire title to real property by occupying the land owned by another for a period fixed by statute only with the permission of the original owner.
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15
An easement gives an exclusive right to possession.
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16
Each tenant in common owns an undivided fractional interest in the land.
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17
Minerals under the soil and the waters on it are not considered real property.
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18
Which of the following best describes partition?
A)A tenancy in entirety ended due to incapacity of one or more tenants
B)A joint tenancy destroyed by the death of two or more owners
C)A joint tenancy destroyed by one joint tenant suing for a division of the property
D)A tenancy in common ended by the death of one or more owners
A)A tenancy in entirety ended due to incapacity of one or more tenants
B)A joint tenancy destroyed by the death of two or more owners
C)A joint tenancy destroyed by one joint tenant suing for a division of the property
D)A tenancy in common ended by the death of one or more owners
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19
A fee simple owner of property, whether real or personal, only has the right to possess the property for a limited time.
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20
Crops such as clovers and grasses are classified as real property until severed from a land.
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