Question 1

A deed is proof of:

Accepted Answer

A)  ownership of property 
B)  value of property 
C)  size of property 
D)  transfer of property 
E)  buildings that are on the property 
A)  ownership of property 
B)  value of property 
C)  size of property 
D)  transfer of property 
E)  buildings that are on the property

Question 2

Following a tax sale,the owner's right to pay the unpaid taxes and thereby prevent the tax sale from being effective is the right of:

Accepted Answer

A)  recovery 
B)  rehabilitation 
C)  redemption 
D)  reacquisition 
E)  reassessment 
A)  recovery 
B)  rehabilitation 
C)  redemption 
D)  reacquisition 
E)  reassessment

Question 3

An estate is a large dwelling on land.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not true about fixtures?

Accepted Answer

A)  An item,such as a shelving unit,might be a fixture in some buildings,but not in others. 
B)  Factors considered in whether something is a fixture include the intent of the person who attached it and whether damage would be done to the building upon the item's removal. 
C)  A real property contract must list the fixtures to be included in the sale in order for them to be part of the sale. 
D)  Fixtures usually were personal property prior to becoming a fixture. 
A)  An item,such as a shelving unit,might be a fixture in some buildings,but not in others. 
B)  Factors considered in whether something is a fixture include the intent of the person who attached it and whether damage would be done to the building upon the item's removal. 
C)  A real property contract must list the fixtures to be included in the sale in order for them to be part of the sale. 
D)  Fixtures usually were personal property prior to becoming a fixture.

Question 5

Which of the following is true about the situation where a party who owns a fee simple absolute conveys a life estate,but does not convey any other interest?

Accepted Answer

A)  Upon the death of the holder of the life estate,the property will go to the heirs of the holder of the life estate. 
B)  The grantor has created a remainder,even though the identity of the holder of the remainder is not yet known. 
C)  The grantor holds a fee simple defeasible. 
D)  The grantor holds a reversion. 
E)  The conveyance is invalid because it is incomplete. 
A)  Upon the death of the holder of the life estate,the property will go to the heirs of the holder of the life estate. 
B)  The grantor has created a remainder,even though the identity of the holder of the remainder is not yet known. 
C)  The grantor holds a fee simple defeasible. 
D)  The grantor holds a reversion. 
E)  The conveyance is invalid because it is incomplete.

Exam 48: Real Property

A deed is proof of:

Following a tax sale,the owner's right to pay the unpaid taxes and thereby prevent the tax sale from being effective is the right of:

An estate is a large dwelling on land.

Which of the following is not true about fixtures?

Which of the following is true about the situation where a party who owns a fee simple absolute conveys a life estate,but does not convey any other interest?

Legal Heritage and the Information Age

Court Systems and Jurisdiction

Judicial, Alternative, and Online Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Strict Liability and Product Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

Internet Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Sales and Lease Warranties

Creation of Negotiable Instruments

Transferability and Holder In Due Course

Liability,Defenses and Discharge

Checks, the Banking System, and E-Money

Creditor's and Debtor's Rights

Secured Transactions and Electronic Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment,Worker Protection,and Immigration Laws

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Businesses, Entrepreneurs, and General Partnerships

Limited Partnerships and Limited Liability Limited Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Business

Investor Protection and Online Securities Transactions

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection and Global Warming

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Landlord Tenant Law and Land Use Regulation

Insurance

Accountants' Liability

Wills, Trusts, and Elder Law

Family Law

International and World Trade Law

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