Question 1

The advantage of a trust over a will is that a trust

Accepted Answer

A)  can provide greater flexibility over the distribution of property. 
B)  is not liable for taxes. 
C)  is administered by the court. 
D)  is not revocable. 
A)  can provide greater flexibility over the distribution of property. 
B)  is not liable for taxes. 
C)  is administered by the court. 
D)  is not revocable.

Question 2

Tenancy by the entireties

Accepted Answer

A)  allows a husband to avoid a wife's claim to dower. 
B)  is the only form of co-ownership of real property that does not include a right of survivorship. 
C)  is the feature of joint tenancy that allows each tenant to own the property jointly and severally. 
D)  is a form of ownership only enjoyed by married couples. 
A)  allows a husband to avoid a wife's claim to dower. 
B)  is the only form of co-ownership of real property that does not include a right of survivorship. 
C)  is the feature of joint tenancy that allows each tenant to own the property jointly and severally. 
D)  is a form of ownership only enjoyed by married couples.

Question 3

Which of the following is a future interest?

Accepted Answer

A)  Fee simple absolute 
B)  Life estate 
C)  Remainder 
D)  Community property 
A)  Fee simple absolute 
B)  Life estate 
C)  Remainder 
D)  Community property

Question 4

Fee simple estates

Accepted Answer

A)  can never be alienated. 
B)  cannot be inherited. 
C)  can be sold or given away. 
D)  must be devised by will. 
A)  can never be alienated. 
B)  cannot be inherited. 
C)  can be sold or given away. 
D)  must be devised by will.

Question 5

A conveys Blackacre to B for as long as B shall live. B conveys his interest to C. C's interest can be termed a life estate

Accepted Answer

A)  until either A or C dies. 
B)  for as long as A lives. 
C)  for as long as B lives. 
D)  for as long as C lives. 
A)  until either A or C dies. 
B)  for as long as A lives. 
C)  for as long as B lives. 
D)  for as long as C lives.

The advantage of a trust over a will is that a trust

Tenancy by the entireties

Which of the following is a future interest?

Fee simple estates

A conveys Blackacre to B for as long as B shall live. B conveys his interest to C. C's interest can be termed a life estate

Law and the Profession of Law

Ethics

Sources of the Law Cases

Sources of the Law Legislation

Trial and Appellate Courts

State and Federal Courts

Procedure in Civil Cases

The Law of Criminal Procedure

Criminal Law

Torts Personal Injury and Compensation

Contracts and Commercial Law

Family Law

Administrative Law and Procedure

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Exam 12: The Law of Property

The advantage of a trust over a will is that a trust

Tenancy by the entireties

Which of the following is a future interest?

Fee simple estates

A conveys Blackacre to B for as long as B shall live. B conveys his interest to C. C's interest can be termed a life estate

Law and the Profession of Law

Ethics

Sources of the Law Cases

Sources of the Law Legislation

Trial and Appellate Courts

State and Federal Courts

Procedure in Civil Cases

The Law of Criminal Procedure

Criminal Law

Torts Personal Injury and Compensation

Contracts and Commercial Law

Family Law

Administrative Law and Procedure

Filters