Deck 49: Real Property

Question 1

When financing for a property purchase is needed,financing is often obtained by going to a financial institution and obtaining a loan to pay for the property in exchange for which the lender receives a security interest in the property called a title.

Answer 1

False

Question 2

In most states,a broker cannot act as an agent for both buyer and seller unless both parties consent.

Answer 2

True

Question 3

Under the U.S.Constitution,private property may only be taken by the government if the government plans to develop the property itself for a public use,such as for a school or a road.

Answer 3

False

Question 4

Real property is commonly referred to as "realty."

Question 5

Which of the following refers to land and everything permanently attached to it?

A)Listed property
B)Personal property
C)Fee property
D)Real property
E)Absolute property

Question 6

Unreasonable zoning may constitute a constructive taking of property by the government.

Question 7

An owner cannot deprive landowners downstream of the use of the water by diverting it elsewhere.

Question 8

A license is the temporary and irrevocable right to use another's property.

Question 9

Joint tenancy is the term used to describe co-ownership of property by married couples.

Question 10

Unless specifically prohibited by the lease,a tenant is permitted to sublease leased property to another party.

Question 11

Which of the following was the result in The Spur at Williams Brice Owners Association,Inc.v.Lalla,the case in the text in which a homeowners' association brought suit against an owner to enforce a restrictive covenant barring rentals to unrelated college students?

A)The court ruled that the covenant was not enforceable because the economic conditions had changed significantly,making the restrictive covenant unfair to the owners.
B)The court ruled that the agreement remained enforceable as there were other options available to the owners.
C)The court ruled that the covenant was not enforceable because it was injurious to the public by reason of its effect on leasing in the area.
D)The court ruled that the covenant remained enforceable despite an economic change in conditions.
E)The court ruled that the covenant was not enforceable because it was unreasonable as to the parties.

Question 12

Which of the following statements is false regarding the extent of real property ownership rights?

A)A landowner's rights to property extend to airspace.
B)Interests in land range from temporary to permanent to future.
C)A landowner has water rights consisting of the legal use of water flowing across or underneath the property so long as landowners downstream are not deprived of water.
D)A landowner has mineral rights.
E)A landowner is prohibited from cutting branches of a neighbor's tree hanging over into the landowner's premises.

Question 13

"Caveat emptor" requires certain disclosures to be made by the buyer to the seller about the condition of the property.

Question 14

An owner's interest in real property cannot occur without the owner's knowledge and consent.

Question 15

Which of the following terms refers to property which would originally have been considered personal property,but became part of realty after being permanently attached to real property?

A)An enclosure
B)A consolidation
C)A fixture
D)A fee
E)A mix

Question 16

An easement is a right to use part of another's land for a specific purpose.

Question 17

A title which has a lien on it would not be a marketable title.

Question 18

Restrictive covenants are promises to use or not use land in particular ways.

Question 19

A buyer is protected from losses resulting from a defect in the title of property by title insurance.

Question 20

The term ________ rights references the right to enter onto property to remove the underground materials.

A)Subsurface
B)Subterrestrial
C)Underground
D)Earth
E)Terrestrial

Question 21

In which of the following types of ownership does each co-owner have the right to sell his or her interest without the consent of the other owners,have the right to own an unequal share of the property,and the right to own property subject to the right of a creditor to attach his or her interest?

A)True tenancy
B)Tenancy by the entirety
C)Tenancy in common
D)Joined tenancy
E)Joint tenancy

Question 22

In Japan,adverse possession for years leads to a transfer of ownership as long as the possessor began with a non-negligent,good-faith belief that he or she had legal title to the property.

A)25
B)30
C)10
D)20
E)15

Question 23

Which of the following was the result on appeal in Sauls v.Crosby,the case in the text in which the court addressed whether a life tenant had a right to cut timber for the life tenant's commercial gain?

A)The court ruled that the defendant had a right to cut the timber for commercial gain only if she could establish that she was economically challenged and needed the funds in order to maintain her lifestyle.
B)The court ruled that the defendant was prohibited from cutting the timber for commercial gain unless she established that the market for timber was expected to decline significantly due to economic conditions.
C)The court ruled that the defendant had a right to cut the timber only if at least 30 days' notice was given to the remaindermen.
D)The court ruled that the defendant,as an ordinary life tenant,had no right to cut the timber for his or her own commercial gain.
E)The court ruled that the defendant had a right to cut the timber for commercial gain.

Question 24

Which of the following refers to the right to go onto someone's land and take part of the land or a product of it away from the land?

A)Easement
B)Profit
C)Appurtenance
D)Joint use
E)Fixation

Question 25

Which of the following describes co-ownership by married couples allowing full ownership by the surviving spouse when the other spouse dies?

A)Joined tenancy
B)Tenancy in common
C)Cooperative tenancy
D)Tenancy by the entirety
E)Joint tenancy

Question 26

A estate is granted for the lifetime of an individual with the right to possess the property terminating at the individual's death.

A)Life
B)Leasehold
C)Future interest
D)Fee simple absolute
E)Conditional

Question 27

Which type of estate is the most complete estate a person may have?

A)Fee simple absolute
B)Life
C)Leasehold
D)Future interest
E)Conditional

Question 28

In which of the following do all tenants own equal shares of the property with the property divided equally among surviving joint owners upon the death of one tenant?

A)Joined tenancy
B)True tenancy
C)Tenancy in common
D)Group tenancy
E)Joint tenancy

Question 29

An owner of a ________ has a possessory interest but not an ownership interest.

A)Leasehold
B)Fee simple absolute
C)Conditional estate
D)Future interest
E)Life estate

Question 30

If a piece of property is divided and one portion is landlocked as a result,an easement by ________ is created.

A)Prescription
B)Implication
C)Requirement
D)Necessity
E)Express need

Question 31

Which of the following is false regarding property interests in Vietnam?

A)A new owner can never be given a longer term of right or more extensive rights over the land than the original owner had.
B)Transference of property can occur only with the approval of a state official.
C)If an individual wants to use land,he or she must pay tax on it as a form of rent.
D)The transferring owner determines the price for which property will be transferred.
E)The constitution asserts that the state owns all the land.

Question 32

The owner of a[n] ________ estate possesses the same interest as the owner of a fee simple absolute,only this interest is subject to a condition.

A)Life
B)Conditional
C)Future interest
D)Leasehold
E)Absolute

Question 33

Which of the following refers to a person's present right to future property ownership and possession?

A)Life estate
B)Future interest
C)Leasehold estate
D)Fee simple absolute
E)Conditional estate

Question 34

A[n] ________ is an irrevocable right to use some part of another's land for a specific purpose without taking anything from it.

A)Fixation
B)Joint use
C)Appurtenance
D)Profit
E)Easement

Question 35

An easement or profit is ________ when it runs with the land adjacent to the property on which it exists.

A)Express
B)Adjoining
C)In gross
D)Prevailing
E)Appurtenant

Question 36

If the owners in a tenancy by the entirety divorce,the interest becomes a ________.

A)License
B)Fee simple
C)Fee simple absolute
D)Tenancy in common
E)Joint tenancy

Question 37

Which of the following statements is false regarding a condominium interest?

A)The holder has tenancy in common with the other condominium owners over the buildings and improvements of the common areas of the development.
B)The condominium association has the power to levy assessments against the unit owners for maintenance of common areas.
C)The architecture and use of common areas are regulated by a condominium association.
D)The holder has exclusive ownership rights of a unit within the condominium.
E)The holder shares joint tenancy with the other condominium owners over the land.

Question 38

In a[n] ________,the investor resident is a shareholder in the corporation that owns an apartment building and receives a permanent lease of one unit of the building upon acquiring stock.

A)Cooperative
B)Association
C)Unit investment
D)Alignment
E)Condominium

Question 39

Which of the following is the document that directs a condominium association?

A)Agreement of Association Rights and Duties
B)Condominium Governing Agreement
C)Acknowledgement of Ownership and Restrictions
D)Declaration of Covenants,Conditions and Restrictions
E)Contract of Recognition and Association

Question 40

When an easement or profit is not dependent on owning property adjacent to the land on which the nonpossessory interest exists,the easement or profit is ________.

A)In gross
B)Appurtenant
C)Express
D)Adjoining
E)Prevailing

Question 41

In making a transfer by ________,deed the grantor is only making the promise that he or she has not done anything to lessen the value of the estate.

A)Specific
B)General warranty
C)Quitclaim
D)Special warranty
E)Approved

Question 42

Which of the following would be the most likely result regarding Mina's claim to the house?

A)She receives only a life estate with the remainder going to David when she dies.
B)She must provide David with a one-half interest in the house only because her mother did not live longer than 6 months following the death of Oscar.
C)Because of the form of ownership previously held by Leona and Oscar,she only receives a portion of the ownership of the house with the remainder being held by any other children of Leona or Oscar,including David.
D)She receives all her mother's things including the house.
E)She does not receive anything because the entire title had already passed to David.

Question 43

Which of the following is the legal process by which a transfer of property is made by a governmental entity against the protest of the property owner?

A)Publication
B)Substitution
C)Appropriation
D)Condemnation
E)Allocation

Question 44

Which of the following refers to money that is provided by a potential purchaser and applied toward the purchase price of property if the sale goes through,but could be forfeited if the buyer changes his or her mind?

A)Guaranteed funds
B)Good faith money
C)Earnest money
D)Proof money
E)A down payment

Question 45

[Property Claims] Rayyan sells his home to Kayla and her mother,Bridget.The deed and documents of ownership held by Kayla and Bridget are written such that Kayla and Bridget may each sell or devise her interest in the property.Rayyan provides Kayla and Bridget with a general warranty deed.The deed and other documents of sale contain an easement giving Diego a right to cut across the property in order to obtain access to an adjoining lake.Diego had purchased the easement from Rayyan a few years earlier.After Kayla and Bridget moved in,they saw Diego cutting through the yard with his fishing pole.They told him to get out.He told them about the easement,but Kayla told him that she was the new owner and that she was not accepting it.The next week Ann,the next door neighbor,came over to visit and told Kayla and Bridget that she actually owned a good bit of the yard that was conveyed to Kayla in her deed from Rayyan and that she would like to sell it to Bridget and Kayla.Ann explained that some years prior to Rayyan's ownership,she had purchased the property from a previous owner.It turns out that Ann had actually recorded her interest,but it had been inadvertently missed when the property was sold to Kayla and Bridget.Kayla calls Rayyan and tells him to straighten out the problem with Ann.Rayyan tells her that he is finished with the property and that all problems now belong to her and Bridget.
Which of the following is the most likely type of ownership held by Kayla and Bridget?

A)Tenancy by form
B)Tenancy by the entirety
C)Family tenancy
D)Tenancy in common
E)Joint tenancy

Question 46

Which of the following would be the most likely result regarding David's claim to ownership of the house upon Oscar's death?

A)David would get the house as Oscar's child regardless of whether Oscar left it to him in the will.
B)David would not receive the house upon Oscar's death because full ownership immediately passed to Leona.
C)Because of the form of ownership held by Leona and Oscar,the will could have conveyed the house to David only if the house was specifically mentioned;therefore,since the will simply referenced property,David would not get the house.
D)David would get ownership of the house,but he would have a duty to allow Leona to live there the remainder of her life.
E)Regardless of the form of ownership held by Leona and Oscar,David would get the house because Oscar left all his property to David in his will.

Question 47

When a person takes ownership of property by treating a piece of real property as his or her own,without protest or permission from the owner,which of the following occurs?

A)Obtained title
B)Adverse possession
C)Unopposed possession
D)Opposed possession
E)Adverse title

Question 48

A is an instrument that conveys real property from one owner to another.

A)Transfer
B)Right of way
C)Deed
D)Form of acknowledgment
E)Title

Question 49

Which of the following refers to the meeting at which the transfer of title actually takes place and delivery and acceptance occur?

A)Termination
B)Closing
C)Wrap-up
D)Conclusion
E)Transfer

Question 50

From the grantee's perspective,which of the following is the least desirable type of deed?

A)Special warranty
B)Specific
C)Quitclaim
D)General warranty
E)Approved

Question 51

Which of the following are promises voluntarily entered into by property owners by which the owners promise to use or not to use their land in particular ways?

A)Restrictive covenants
B)Zoning
C)Approved use requirements
D)Obligatory covenants
E)Public use agreements

Question 52

[Family Dispute] When Leona and Oscar married,they both had children from previous marriages.After their marriage,Leona and Oscar purchased a home together as tenants by the entirety and lived there for many years.Oscar died when he was 93 and Leona was 95.Oscar's will left any property he owned to his son,David,who promptly told Leona that she needed to get out of the house.Leona told him to forget it.Leona died a week later.Her will left everything she owned to her daughter,Mina,who moved in the home and refuses to leave.Michelle,who had loaned Oscar $10,000,has filed a claim against any heir of Oscar or Leona,including David and Mina,claiming an interest in the home to satisfy the debt Oscar owed her.
Which of the following is true regarding a tenancy by the entirety?

A)It is a form of co-ownership still in existence in some states by which the husband has absolute control regarding any decisions made regarding improvement of the property.
B)It describes a form of co-ownership by relatives,including married couples as well as brothers and sisters.
C)It is another name for joint tenancy.
D)It describes a form of co-ownership by married couples.
E)It is another name for tenants in common.

Question 53

Which of the following is true regarding Bruce's statement that he has no obligation to be involved with the dispute with Alice?

A)He is correct but only if in addition to not being the transferor to Ann,he had no knowledge of any previous transfer to Ann.
B)He is incorrect only if Ann was truly granted the property and is not engaged in fraud.
C)He is correct.
D)He is incorrect,and his general warranty deed likely imposes upon him a duty to resolve the dispute involving Ann through proving her wrong,settling with her,or other means.
E)He is correct but only because he was not the previous owner who allegedly transferred the interest to Ann.

Question 54

The ________ of the deed initiates the transfer of property.

A)Registration
B)Acknowledgement
C)Sealing
D)Execution
E)Expressing

Question 55

A ________ deed carries no warranties,and the grantor simply conveys whatever interests he or she holds.

A)General warranty
B)Approved
C)Quitclaim
D)Specific
E)Special warranty

Question 56

A certification by an official of the state that he or she saw the signing of a deed and was provided evidence that the signatories were who they claimed to be is referred to as an)_ .

A)Execution
B)Notarization
C)Sealing
D)Acknowledgement
E)Certification

Question 57

Which of the following refers to government restriction of property use?

A)Zoning
B)Obligatory covenants
C)Public use agreements
D)Restrictive covenants
E)Approved use requirements

Question 58

Who will likely win the dispute regarding whether Diego holds a valid easement?

A)Diego will likely win only if he can establish that he paid a fair price for the easement.
B)Diego will likely win regardless of whether he told Kayla and Bridget about the easement before their purchase.
C)Diego will likely win only if he told Kayla and Bridget about the easement before their purchase.
D)Bridget and Kayla will likely win because easements are terminated when property is sold.
E)Diego will likely win only if he told Kayla and Bridget about the easement before their purchase,and if he can establish that he paid a fair price for the easement.

Question 59

Which type of deed is the most commonly used deed to transfer property,and contains certain promises by the grantor?

A)Quitclaim
B)Approved
C)Specific
D)General warranty
E)Special warranty

Question 60

A[n] ________ account is an account maintained by a neutral third party into which a deposit on property is placed until all necessary steps for a transfer of property can be made.

A)Escrow
B)Closing
C)Back-up
D)Accountable
E)Earnest

Question 61

Rashon owns property next to Jenny's property and he has an easement to use her property.What type of easement does Rashon own?

A)Easement in gross.
B)Non-possessory easement.
C)Easement appurtenant.
D)Either an easement appurtenant or a non-possessory easement.
E)Either an easement appurtenant or an easement in gross.

Question 62

Is Jaston responsible for the missing portion of rent payments?

A)No,unless the amount of the payment is over $500.
B)Yes,because the initial tenant is liable for rent payments throughout the entire term of the lease.
C)No,unless the amount of the payment is over $5000.
D)Yes,because Jaston failed to place the landlord on notice of the sublease.
E)No,because there was an agreement between Jaston and the therapist.

Question 63

Which of the following is true regarding Michelle's claim for the $10,000?

A)She has no interest in the house on which to base a claim.
B)She can require that David pay it based on David's inheritance interest in the house.
C)She may obtain a lien on the house.
D)She can require that Mina pay it based on Mina's inheritance interest in the house.
E)She can require that both David and Mina pay it based upon their inheritance interests in the house.

Question 64

In conveying property,Jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property.What type of deed should Jayson file?

A)A special warranty deed.
B)A quitclaim deed.
C)A limited title deed.
D)A special title deed.
E)A warranty deed.

Question 65

Is Kitara correct that Akira no longer owns the mansion?

A)No,unless the title of the property states otherwise.
B)No,unless she owned the mansion as a fee simple absolute.
C)No,she cannot lose the property simply because she made a change to it.
D)Yes,because she owns a life estate.
E)Yes,Akira's interest in the mansion terminated when she added the modern wing because a prohibited event occurred.

Question 66

John owns property in fee simple absolute which contains a public easement next to a creek.The easement has poor drainage,and a construction company fixing drainage to the adjacent property wants to dump a load of soil in the area of the easement,which would also benefit John's property.May the company dump the soil on the public easement?

A)No,only the city can alter property of the easement.
B)No,only the fee owner or the city can alter property of the easement.
C)Yes,so long as it does not injure John's property.
D)Yes,since it is a public easement.
E)No,only the fee owner can alter property of the easement.

Question 67

[Dentist Lease] Jaston rents space for his new dental office.He installs a chandelier in the reception area and three new dentist chairs.Ten months into the one-year lease,Jaston decides to sublease one of the offices in his rental to a therapist,and tells the therapist to pay the landlord directly.At the end of the lease term,Jaston decides to close the office and move to a smaller space.The landlord,who apparently never received payment from the therapist,wants Jaston to pay the missing rent payments and also tells Jaston he violated the lease by subleasing the property without permission.The landlord also tells him he cannot take the chandelier and dentist chairs because they are fixtures.
May Jaston remove the chandelier and take it with him?

A)Yes,unless there is a writing that states Jaston cannot remove the chandelier.
B)No,items attached to real property are always fixtures and cannot be removed and taken by the tenant.
C)No,lighting is always a fixture and cannot be removed and taken by the tenant.
D)No,since if there is nothing in writing that states otherwise,Jaston may not remove the chandelier and take it with him.
E)Yes,but only if the cost of the chandelier exceeded $5,000,then it is personal property.

Question 68

[Cottage in the Woods] When Gil's father died,Gil received a life estate for the family's cottage in the woods.According to his father's will,upon Gil's death,the cottage is to become the property of Gil's much younger step-brother Max.Gil lived at the cottage for many years after his father's death.One day,Max went to visit Gil to check on the property that he would someday own,and noticed that the cottage was in disrepair.The roof leaked,it was infested with mice and termites,and there was water damage in the basement.Max tells Gil to fix the property,but Gil refuses saying that can let the property deteriorate as much as he wants.
Does Max have any legal recourse to prevent the property from deteriorating?

A)Yes,as a future owner,Max can bring legal action to recover damages.
B)No,Max does not own the property.
C)Yes,as a future owner,Max may hire contractors to make the repairs and Gil must pay for the repairs.
D)No,because Gil has possession of the property.
E)Yes,as a future owner,Max may hire contractors to make the repairs but only if he pays for the repairs.

Question 69

Which of the following best describes any duty Ciaran owed to Luisa prior to the sale?

A)In most states,Ciaran had no duty to warn Luisa of anything so long as she had her own home inspection done.
B)In most states,Ciaran had no duty to warn Luisa of anything.
C)In most states,Ciaran had a duty to warn Luisa about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property and that materially affected the value of the property.
D)In most states,Ciaran had a duty to warn Luisa about any defects in the property regardless of whether they could have been discovered through a thorough examination of the property.
E)In most states,Ciaran only had a duty to warn Luisa about any defects he knew about that a reasonable buyer would not have been able to discover through a thorough examination of the property.

Question 70

What type of legal action,if any,can Max bring against Gil?

A)Max has no legal recourse against Gil as Max is not an owner of the property.
B)Max can bring an action for waste,but only if he can prove Gil's failure to maintain the property was intentional.
C)Max can bring an action for negligence.
D)Max can bring an action for misuse of property.
E)Max can bring an action for waste.

Question 71

[Disgruntled Buyer] Ciaran lived in his home for five years without doing any upkeep of any type.He was aware that the roof leaked,that he had defective piping,and that the air conditioning did not work,among other problems.He sold the home to Luisa.He did not tell her anything about the problems with the house.Shortly after Luisa moved in,there was a thunderstorm resulting in water streaming down from the ceiling.Within a few weeks of her moving in,pipes began to burst resulting in significant water damage.The air conditioner also failed to work when she turned it on for the first time.Luisa demanded that Ciaran refund her purchase price and take back the house.Ciaran sent her a letter providing as follows:Dear Luisa,Caveat emptor.You have marketable title.Regards,CiaranLuisa is furious and wants to sue.
What does the term "caveat emptor" mean?

A)Title has passed.
B)Let the seller beware.
C)The buyer was negligent.
D)The buyer was unintelligent.
E)Let the buyer beware.

Question 72

What type of interest,if any,does Max have in the property?

A)A future estate.
B)A future life estate.
C)A future interest.
D)Max does not yet have an interest in the property.
E)A life estate.

Question 73

May Jaston remove the dentist chairs and take them with him?

A)Yes,because they are trade fixtures.
B)Yes,because they can be easily removed and thus are not permanent fixtures to the property.
C)No,they are attached to the real property and cannot be removed and taken by the tenant.
D)No,if there is nothing in writing that states otherwise,Jaston may not remove the dentist chairs and take them with him.
E)No,although they are used for Jaston's business,he may not remove them if the next lessee is also a dentist.

Question 74

Did Jaston violate the lease agreement by subleasing the property without permission?

A)No,unless subleasing was specifically prohibited by the lease.
B)Yes,a tenant must have the landlord's permission to sublease property.
C)No,a tenant who rents commercial property may sublease property without the landlord's permission.
D)No,a tenant is always allowed to sublease property as long as payment of rent is timely and complete.
E)Yes,unlike residential tenants,commercial tenants must have the landlord's written permission to sublease any portion of property.

Question 75

Who is the rightful owner of the mansion?

A)Akira's grandmother.
B)Akira,because she has possession.
C)Kitara.
D)Akira because she has a fee simple absolute interest.
E)The local historical society

Question 76

Under which of the following circumstances would a landlord be permitted to enter the leased property during the term of a lease?

A)The landlord is allowed to enter the leased property only in emergency situations.
B)The landlord is allowed to enter the leased property in an emergency or with a certified contractor to make necessary repairs.
C)The landlord is allowed to enter the leased property in an emergency,when the tenant have given permission to make repairs,or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
D)The landlord is allowed to enter the leased property in an emergency,when the tenant have given permission to make repairs,with a certified contractor for the purpose of refurbishing the property,or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
E)A lease cannot exclude a landlord from having access to the property during the term of the lease.

Question 77

Creden follows all procedural steps in conveying his property to Adam.However,the deed does not state what type of interest is transferred to Adam.Adam claims he has a fee simple absolute,but Creden says it is a life estate because they agreed that he could only have it until he died? What type of estate does Adam own?

A)Fee simple absolute,if that was what Creden had owned.
B)Fee simple absolute is presumed,since the deed does not state otherwise.
C)A life estate,if that is what they agreed upon.
D)A conditional estate,since there is a discrepancy.
E)Either a fee simple absolute or a life estate.

Question 78

Kendall,who just moved into his new farm,notices his neighbor comes onto Kendall's property every Sunday morning,goes fishing at the lake,and picks apples from Kendall's apple tree.Kendall is aware that the neighbor has an easement to cross his property to access the lake,but the neighbor tells Kendall he can take as many apples as he wants.Is the neighbor correct?

A)Yes,but only if the apple trees are part of the land included in the easement.
B)No,although the easement gives the neighbor a right to use the land,he cannot take as many apples as he wants.
C)No,although the easement gives the neighbor a right to use the land,he cannot take anything from it.
D)Yes,an easement is an irrevocable right to use another's land.
E)Yes,but only if the easement was properly recorded.

Question 79

[Majestic Mansion] Akira inherited her family's mansion in the mountains from her grandmother.Akira lives in the mansion with her sister,Kitara.Their grandmother's will states that Akira inherits the mansion so long as she does not alter the exterior,and if she did,the mansion would belong to the historical society.The will also states that Kitara can live in the mansion for the rest of her life.Akira decides to place an addition on the mansion,and she knocks down one side of the building to add a modern-style wing.Akira's sister,Kitara,is upset that their grandmother left the mansion to Akira,and,when she discovers the construction,she tells Akira that Akira is no longer the owner of the mansion.
What type of ownership interest does Akira have in the mansion?

A)Fee Simple Absolute.
B)Life Estate.
C)Conditional Estate
D)Simple Conditional Estate.
E)Simple Estate.

Question 80

Which of the following is meant by Ciaran's statement that Luisa has marketable title?

A)That she has legal title and that there are no liens or restrictions on the property of which she is unaware.
B)That Luisa has the legal title,not Ciaran,and that she,therefore,has responsibility for all repair.
C)That all taxes have been paid.
D)That all taxes have been paid,that Luisa not Ciaran)has legal title and has responsibility for all repairs,and that there are no liens or restrictions on the property.
E)That all taxes have been paid and that there are no liens or restrictions on the property,but not that Luisa has legal title.