Deck 8: Real and Personal Property

Question 1

Which of the following is not real property:

A)land
B)furniture
C)buildings
D)trees
E)all of the other choices are real property

Answer 1

B

Question 2

Furniture,since it is movable,is an example of:

A)fake property
B)intangible property
C)real property
D)personal property
E)none of the other choices are correct

Answer 2

D

Question 3

Unlike real property,personal property:

A)is immovable
B)is taxable
C)is not taxable
D)is valueless
E)none of the other choices are correct

Answer 3

E

Question 4

Which of the following is an example of personal property:

A)patents
B)land
C)buildings
D)furniture
E)none of the other choices are correct

Question 5

Traditionally,personal property was referred to as:

A)property in rem
B)quasi in rem property
C)chattel
D)aggregate property
E)none of the other choices

Question 6

Land,since it is immovable,is an example of:

A)fake property
B)intangible property
C)real property
D)personal property
E)none of the other choices are correct

Question 7

____________ is often used to protect interests in property.

A)agency law
B)tort law
C)real law
D)felony law
E)none of the other choices are correct

Question 8

Real property includes which of the following:

A)oil
B)land
C)trees
D)buildings
E)all of the other choices

Question 9

Real property differs from personal property in that real property:

A)can be taxed while personal property cannot be taxed
B)is movable while personal property is immovable
C)is worth more than personal property
D)can be sold while personal property cannot be sold
E)none of the other choices are correct

Question 10

Chattel is the traditional term for:

A)patents
B)real property
C)false property
D)livestock
E)none of the other choices are correct

Question 11

Which of the following is an example of personal property:

A)patents
B)land
C)buildings
D)trees
E)none of the other choices are correct

Question 12

Land,since it is immovable,is an example of:

A)fake property
B)intangible property
C)taxless property
D)personal property
E)none of the other choices are correct

Question 13

____________ is often used to make arrangements with others about the use of property.

A)contract law
B)tort law
C)real law
D)felony law
E)none of the other choices are correct

Question 14

Real property includes:

A)furniture
B)trucks
C)trees
D)patents
E)all of the other choices

Question 15

Unlike real property,personal property:

A)is immovable
B)is taxable
C)is not taxable
D)is movable
E)is valueless

Question 16

Furniture,since it is movable,is an example of:

A)fake property
B)intangible property
C)taxless property
D)real property
E)none of the other choices are correct

Question 17

Property interests are people's right:

A)to deny others the use of "things" in which there is a legal interest
B)to obtain property by the claimant process
C)to sell property "without preconditions"
D)to advertise property
E)none of the other choices are correct

Question 18

Chattel is the traditional term for:

A)personal property
B)real property
C)false property
D)livestock
E)patents

Question 19

Which of the following is not real property:

A)land
B)minerals
C)buildings
D)trees
E)all of the other choices are real property

Question 20

Real property differs from personal property in that real property:

A)is immovable while personal property is movable
B)is movable while personal property is immovable
C)is worth more than personal property
D)can be sold while personal property cannot be sold
E)can be taxed while personal property cannot be taxed

Question 21

A special warranty deed is:

A)a deed of conveyance that passes whatever interests the grantor had in the property
B)a deed that promises that a good,clear title to the property is being conveyed by the grantor
C)a deed that warrants that the buyer has received title and that the property was not encumbered during the ownership by the grantor
D)all of the other specific choices are correct
E)none of the other specific choices are correct

Question 22

Which of the following are forms of deeds used in at least some states:

A)assurance deeds
B)surface deeds
C)quitclaim deeds
D)interests deeds
E)all of the other choices

Question 23

The most common way in which to transfer ownership interests in property is through a legal document known as:

A)a devise
B)a will
C)easements appurtenant
D)tenancies in the extremity
E)none of the other choices

Question 24

A deed in which the seller or grantor warrants that the property is free of any liens or encumbrances unless they are revealed in the title is a(n):

A)warranty deed
B)special warranty deed
C)surface deed
D)assurance deed
E)quitclaim deed

Question 25

The most common way in which to transfer ownership interests in property is through:

A)a devise
B)a will
C)a deed
D)easements appurtenant
E)tenancies in common

Question 26

The formal right of ownership of property is:

A)the deed
B)the title
C)the documentation
D)the mortgage
E)none of the other choices are correct

Question 27

____________ is often used to make arrangements with others about the use of property.

A)fundamental law
B)tort law
C)real law
D)felony law
E)none of the other choices are correct

Question 28

Deeds:

A)are in writing
B)are written or oral
C)are legal only in certain states
D)can only be used when the property being transferred is worth more than $10,000
E)none of the other choices are correct

Question 29

A deed is:

A)the primary way to transfer ownership interests (title)in property
B)the means by which the owner of property has legal possession of the property
C)the means by which an owner of property sues when someone violates his property rights
D)the cheapest way to file taxes on piece of property
E)none of the other choices are correct

Question 30

Property is:

A)something inherited from an ancestor
B)the legally protected expectation of being able to use a thing for one's advantage
C)always a physical object that can be sold or given to another person
D)never a physical object
E)something universally recognized as subject to unrestricted trading

Question 31

Property law in the United States has developed from:

A)the Norman law of the fifth century
B)the Roman Code of Caesar
C)the Jus Civile
D)the Jus Gentium
E)none of the other choices are correct

Question 32

Property law in the United States has developed from:

A)the Norman law of the fifth century
B)the Roman Justinian Code
C)the Jus Civile
D)English common law from centuries ago
E)the Jus Gentium

Question 33

A quitclaim deed is:

A)a deed of conveyance that passes whatever interests the grantor had in the property
B)a deed that promises that a good,clear title to the property is being conveyed by the grantor
C)a deed that warrants that the buyer has received title and that the property was not encumbered during the ownership by the grantor
D)all of the other specific choices are correct
E)none of the other specific choices are correct

Question 34

A deed in which the seller or grantor warrants that the property is free of any liens or encumbrances unless they are revealed in the title is a(n):

A)quit claim deed
B)explicit deed
C)surface deed
D)assurance deed
E)none of the other choices are correct

Question 35

Which of the following are forms of deeds used in at least some states to promise that a clear title to property is being conveyed:

A)assurance deeds
B)surface deeds
C)warranty deeds
D)interests deeds
E)all of the other choices

Question 36

Deeds do which of the following:

A)identify the original owner
B)describe the land
C)identify the new owner
D)state that ownership is being transferred
E)all of the other specific choices are correct

Question 37

A deed is:

A)a document detailing the expenses associated with maintaining a piece of property
B)the means by which the owner of property has legal possession of the property
C)the means by which an owner of property sues when someone violates his property rights
D)the cheapest way to file taxes on piece of property
E)none of the other choices are correct

Question 38

A warranty deed is:

A)a deed of conveyance that passes whatever interests the grantor had in the property
B)a deed that promises that a good,clear title to the property is being conveyed by the grantor
C)a deed that warrants that the buyer has received title and that the property was not encumbered during the ownership by the grantor
D)all of the other specific choices are correct
E)none of the other specific choices are correct

Question 39

The title to property is:

A)another word for a covenant
B)a right to use some land some time,for a limited purpose
C)non-transferable
D)the formal right of ownership
E)the government's right to restrict use of privately held land

Question 40

The title to land is:

A)a covenant running with the land
B)a right to use some land some time,for a limited purpose
C)non-transferable
D)the government's right to restrict use of privately held land
E)none of the other choices

Question 41

Fee simple is:

A)the most common form of real property ownership
B)the least common form of real property ownership
C)the most least form of private property ownership
D)the most controversial type of real property ownership
E)none of the other choices are correct

Question 42

Property that is held in fee simple may be:

A)inherited by others
B)transferred to others
C)sold in part to others
D)sold in entirety to others
E)all of these things are possible

Question 43

The ___________,which comes from receipt of a valid deed,is the means by which the owner of property has legal possession of it.

A)estate
B)covenant
C)servitude
D)leasehold
E)title

Question 44

The most common form of real property ownership is:

A)fee defeasible
B)fee simple
C)life estate
D)tenancy for years
E)covenant

Question 45

A clear title means that:

A)a third party may claim valid ownership of the property
B)only the government may claim valid ownership of the property
C)there are no taxes due on the property
D)no other person can claim valid ownership of the property
E)none of the other choices are correct

Question 46

A(n)____________ is "an interest in land which (a)is or may become possessory and (b)is measured in terms of duration."

A)deed
B)tenancy
C)title
D)holding
E)none of the other choices are correct

Question 47

If there are "defects" found in a title during a title search the title is said to be:

A)misty
B)clouded
C)misunderstood
D)misrepresented
E)opaque

Question 48

Which of the following is a right normally possessed by the holder of title to property:

A)right of possession of the property
B)the right of control of the property
C)the right to exclude others from use of the property
D)the right to enjoy the property in legal manners
E)all of the other specific choices are correct

Question 49

Title insurance may not protect against:

A)claims against the property that were not known in the public records at the time the title search was done
B)claims against the property that were known in the public records at the time the title search was done
C)claims against the property that were not known in the public records until the title search was done
D)claims against the property made by a third party
E)none of the other choices are correct

Question 50

Title insurance:

A)does not bind the title company to insure that the title is as declared in the conveyance from the grantor to the grantee
B)binds the title company to insure that the title is as declared in the conveyance from the grantor to the grantee
C)binds the seller to the agreed to price of the property
D)prevents the buyer from changing the terms of the transaction at the last minute
E)none of the other choices are correct

Question 51

The right of possession of the property and the right to exclude others from the use of
The property are two examples of rights normally possessed by:

A)the government
B)the state legislature
C)the holder of title to the property
D)the holder of deed to the property
E)none of the other choices are correct

Question 52

A title could be "clouded" by which of the following:

A)a boundary dispute with a neighbor
B)tax liens placed against the property
C)liens imposed for work done on the property
D)uncertain claims of ownership by heirs to the property
E)all of the other specific choices are correct

Question 53

The most common form of real property ownership that gives exclusive possession to a particular piece of land for an indefinite time is:

A)deed
B)title
C)a fee simple
D)life estate
E)leasehold

Question 54

The most common form of real property ownership is:

A)common tenancy
B)covenant
C)life estate
D)tenancy for years
E)none of the other choices

Question 55

A(n)____________ is "an interest in land which (a)is or may become possessory and (b)
Is ownership measured in terms of duration."

A)deed
B)property
C)estate
D)holding
E)none of the other choices are correct

Question 56

Title recordings provide:

A)a detailed evaluation of the value of a piece of property
B)a list of all expenses associated with a piece of property
C)a public record of who owns what and of limitations or claims on titles
D)a private record of who owns what and of limitations or claims on titles
E)none of the other choices are correct

Question 57

If there are "defects" found in a title during a title search the title is said to be:

A)misty
B)opaque
C)misunderstood
D)misdeeded
E)none of the other choices are correct

Question 58

Subsurface mineral rights:

A)must transfer in fee simple with deeds to land
B)must transfer in fee simple with title to land
C)may be legally separated from surface ownership
D)are owned by the government
E)are owned by the people in common

Question 59

Which of the following could result in a "defect" in a title:

A)a boundary dispute with a neighbor
B)tax liens placed against the property
C)liens imposed for work done on the property
D)uncertain claims of ownership by heirs to the property
E)all of the other specific choices are correct

Question 60

If there are _____________ found in a title during a title search the title is said to be clouded.

A)defects
B)mistakes
C)typos
D)missing terms
E)none of the other choices are correct

Question 61

If one has the right to occupy a piece of property until their death,at which point title to the property passes to heirs who have been named by the owner of the property,there is a:

A)fee simple absolute
B)joint tenancy
C)tenancy in common
D)residual interest
E)none of the other choices

Question 62

A life estate grants a person:

A)the right to live on a property even if it is sold to another party
B)the right to be a tenant for up to 60 years
C)the right to be a tenant until retirement
D)exemption from property taxes
E)none of the other choices are correct

Question 63

At law,the word tenancy generally refers to:

A)leases of real property from another for a fixed period of time
B)leases of real property from another for an indefinite period of time
C)possession of lands by any right or title
D)clear ownership of land,either individually or jointly
E)none of the other choices

Question 64

The ownership of property by two or more persons who have equal interests in the property with rights of joint survivorship is:

A)a life estate
B)a fee tenancy
C)a tenancy in common
D)a fee common
E)none of the other choices

Question 65

Unlike in most countries,subsurface mineral rights in the United States often belong to:

A)the government
B)government mining companies
C)the county government
D)religious organizations
E)none of the other choices are correct

Question 66

One who possesses lands by any right or title is referred to as a(n):

A)holder
B)possessor
C)tenant
D)private property owner
E)none of the other choices are correct

Question 67

Subsurface mineral rights:

A)must transfer in fee simple with deeds to land
B)must transfer in fee simple with title to land
C)are owned by the government
D)are owned by the people in common
E)none of the other choices

Question 68

One who possesses lands by any right or title is referred to as a(n):

A)holder
B)possessor
C)lord
D)private property owner
E)none of the other choices are correct

Question 69

A joint tenancy is one in which:

A)two or more persons have equal interests in the property with rights of joint survivorship
B)two or more persons have equal interests in the property with no right of survivorship
C)one person owns all the interests in the property,but two people will inherit equal shares when the current tenant dies
D)one person owns all the interests in the property and has designated who will inherit it when the current tenant dies
E)none of the other choices are correct

Question 70

Anna transfers,to her mother Mildred,the right to use Anna's second home so long as Mildred is alive.This is known as:

A)a fee simple
B)a fee absolute
C)a life estate
D)a tenancy
E)a lease

Question 71

Which of the following is an example of a form of tenancy:

A)tenancy in common
B)joint tenancy
C)tenancy by the entirety
D)all of the other specific choices are correct
E)none of the other specific choices are correct

Question 72

If one has the right to occupy a piece of property until their death,at which point title to the property passes to heirs who have been named by the owner of the property,there is a:

A)life estate
B)joint tenancy
C)tenancy in common
D)residual interest
E)none of the other choices

Question 73

A tenancy in common is one in which:

A)two or more persons have equal interests in the property with rights of joint survivorship
B)two or more persons have equal interests in the property with no right of survivorship
C)one person owns all the interests in the property,but two people will inherit equal shares when the current tenant dies
D)one person owns all the interests in the property and the government will inherit it when the current tenant dies
E)none of the other choices are correct

Question 74

At law,the word tenancy generally refers to:

A)leases of real property from another for a fixed period of time
B)leases of real property from another for an indefinite period of time
C)a grant of a life estate in some property
D)has clear ownership of land,either individually or jointly
E)all of the other choices are possible

Question 75

A life estate grants a person:

A)the right to be a tenant for life
B)the right to be a tenant for up to 60 years
C)the right to be a tenant until retirement
D)exemption from property taxes
E)none of the other choices are correct

Question 76

The ownership of property by two or more persons who have an undivided interest in the property but has no right of survivorship is:

A)a life estate
B)a joint tenancy
C)a tenancy in common
D)a fee common
E)none of the other choices

Question 77

A person who is given the right to use property during their lifetime is given _____________ in the property.

A)an easement
B)a life estate
C)a covenant
D)a non-coercive claim
E)none of these

Question 78

A person who is given the right to use property during their lifetime is given _____________ in the property.

A)an easement
B)a warranty deed
C)a covenant
D)a quitclaim
E)none of these

Question 79

Unlike in most countries,subsurface mineral rights in the United States often belong to:

A)the government
B)the landowner
C)the county
D)private mining companies
E)government mining companies

Question 80

The purchase of property by two or more persons who have the same interest in the undivided possession of the property and has a right of survivorship is:

A)a life estate
B)a joint tenancy
C)a tenancy in common
D)a fee common
E)none of the other choices