Question 1

There are three (3)types of freehold estates: fee simple conditional,fee simple unconditional,and life estate.

Accepted Answer

A) True 
 B)False  False

Question 2

A life estate may be measured by the life of a third party.

Accepted Answer

A) True 
 B)False  True

Question 3

Tenancy by the entirety is indistinguishable from joint tenancy in that neither spouse may sell or transfer his or her interest in the property without the other spouse's consent.

Accepted Answer

A) True 
 B)False  False

Question 4

A grantor transfers real property to the city for "as long as the property is used as a park." What kind of interest does the city have?

Accepted Answer

A)  fee simple absolute 
B)  fee simple defeasible 
C)  life estate 
D)  reversion 
E)  remainder 
A)  fee simple absolute 
B)  fee simple defeasible 
C)  life estate 
D)  reversion 
E)  remainder

Question 5

In a lease,the tenant receives a(n)________ estate in the real property.

Accepted Answer

A)  freehold 
B)  fee simple 
C)  conditional 
D)  unconditional 
E)  nonfreehold 
A)  freehold 
B)  fee simple 
C)  conditional 
D)  unconditional 
E)  nonfreehold

Question 6

The New Horizons apartment complex has just hired a new maintenance man who has a history of violent crimes and theft.New Horizons did not conduct a background check on him,because the apartment complex was desperate to find someone quickly.If this maintenance man were to assault a tenant without justifiable cause,New Horizons is not liable,because it does not owe a duty of care to tenants regarding the intentional acts of its employees.

Accepted Answer

A) True 
 B)False

Question 7

If you rent property for an uninterrupted statutory period of time,you become the owner of the property by adverse possession.

Accepted Answer

A) True 
 B)False

Question 8

A life estate for the life of another is a life estate:

Accepted Answer

A)  appurtenant. 
B)  by the entirety. 
C)  with a license. 
D)  pour autre vie. 
E)  a-prendre. 
A)  appurtenant. 
B)  by the entirety. 
C)  with a license. 
D)  pour autre vie. 
E)  a-prendre.

Question 9

If a person owns real property in fee simple,his or her ownership is finite in duration.

Accepted Answer

A) True 
 B)False

Question 10

If a "month-to-month" periodic tenancy exists,under common law either party must give a one-month notice to terminate the tenancy.

Accepted Answer

A) True 
 B)False

Question 11

One does not become the owner of property until the deed is recorded.

Accepted Answer

A) True 
 B)False

Question 12

Plant life growing on land is considered real property,whether natural or cultivated.

Accepted Answer

A) True 
 B)False

Question 13

Tenancy by the entirety is a form of co-ownership of real property that can be used only by married couples.

Accepted Answer

A) True 
 B)False

Question 14

In a "double net" lease,the tenant is responsible for paying rent,but not property taxes.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following standards is generally used in determining whether personal property has become a fixture?

Accepted Answer

A)  whether the personal property has been attached to the real property 
B)  whether the personal property is used in the same manner as the real property 
C)  whether the personal property can be removed without damaging the real property 
D)  whether the item was attached before or after the party acquired the real property 
E)  whether the personal property adds to the value of the real property 
A)  whether the personal property has been attached to the real property 
B)  whether the personal property is used in the same manner as the real property 
C)  whether the personal property can be removed without damaging the real property 
D)  whether the item was attached before or after the party acquired the real property 
E)  whether the personal property adds to the value of the real property

Question 16

Sarah has given twenty-four acres of land to Kent County for as long as the land is used as a park.Kent County has a:

Accepted Answer

A)  life estate. 
B)  fee simple defeasible. 
C)  fee simple absolute. 
D)  tenancy at will. 
E)  tenancy at sufferance. 
A)  life estate. 
B)  fee simple defeasible. 
C)  fee simple absolute. 
D)  tenancy at will. 
E)  tenancy at sufferance.

Question 17

When is it appropriate for a landowner to apply for and be granted a variance regarding zoning laws?

Accepted Answer

A variance will be granted if the landow

Question 18

A fee simple defeasible is also known as an unqualified fee.

Accepted Answer

A) True 
 B)False

Question 19

Plant life that is severed from the land is considered real property.

Accepted Answer

A) True 
 B)False

Question 20

A quitclaim deed contains the greatest number of warranties and provides the most protection to a grantee.

Accepted Answer

A) True 
 B)False

Exam 38: Real Property, Landlord-Tenant Law, and Land Use Regulation

There are three (3)types of freehold estates: fee simple conditional,fee simple unconditional,and life estate.

A life estate may be measured by the life of a third party.

Tenancy by the entirety is indistinguishable from joint tenancy in that neither spouse may sell or transfer his or her interest in the property without the other spouse's consent.

A grantor transfers real property to the city for "as long as the property is used as a park." What kind of interest does the city have?

In a lease,the tenant receives a(n)________ estate in the real property.

If you rent property for an uninterrupted statutory period of time,you become the owner of the property by adverse possession.

A life estate for the life of another is a life estate:

If a person owns real property in fee simple,his or her ownership is finite in duration.

If a "month-to-month" periodic tenancy exists,under common law either party must give a one-month notice to terminate the tenancy.

One does not become the owner of property until the deed is recorded.

Plant life growing on land is considered real property,whether natural or cultivated.

Tenancy by the entirety is a form of co-ownership of real property that can be used only by married couples.

In a "double net" lease,the tenant is responsible for paying rent,but not property taxes.

Which of the following standards is generally used in determining whether personal property has become a fixture?

Sarah has given twenty-four acres of land to Kent County for as long as the land is used as a park.Kent County has a:

When is it appropriate for a landowner to apply for and be granted a variance regarding zoning laws?

A fee simple defeasible is also known as an unqualified fee.

Plant life that is severed from the land is considered real property.

A quitclaim deed contains the greatest number of warranties and provides the most protection to a grantee.

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Franchise and Special Forms of Business

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Consumer Safety, Consumer Financial Protection, and Environmental Protection

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

Filters