Question 1

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

Accepted Answer

A) the end of the month. 
B) the 15th of the month. 
C) the beginning of the month. 
D) five days after the beginning of the month. 
A) the end of the month. 
B) the 15th of the month. 
C) the beginning of the month. 
D) five days after the beginning of the month.

Question 2

In general, a tenant is under a duty to make minor repairs to the leased premises.

Accepted Answer

A) True 
 B)False

Question 3

Community property does not include a ring owned by the wife prior to the marriage.

Accepted Answer

A) True 
 B)False

Question 4

Traditionally, the common law viewed a leasehold estate primarily as a contract, but today it is viewed more as a conveyance of the use of land.

Accepted Answer

A) True 
 B)False

Question 5

To create a joint tenancy, the tenants must acquire title by the same instrument.

Accepted Answer

A) True 
 B)False

Question 6

The greatest ownership interest a person may have in real property is:

Accepted Answer

A) fee simple absolute. 
B) tenancy by the entireties. 
C) life estate. 
D) vested remainder. 
A) fee simple absolute. 
B) tenancy by the entireties. 
C) life estate. 
D) vested remainder.

Question 7

A characteristic of a tenancy in common is that:

Accepted Answer

A) it is the most frequently used form of concurrent ownership. 
B) each co-owner has an undivided interest in the property and has the right to possession. 
C) there is a right of survivorship. 
D) All of the above. 
E) Two of the above, (a) and (b). 
A) it is the most frequently used form of concurrent ownership. 
B) each co-owner has an undivided interest in the property and has the right to possession. 
C) there is a right of survivorship. 
D) All of the above. 
E) Two of the above, (a) and (b).

Question 8

If B grants A a life estate in his property and then B dies, what happens to the land when A dies?

Accepted Answer

A) It goes to A's heirs. 
B) It goes to the state. 
C) It reverts to B's heirs. 
D) It passes under A's will. 
A) It goes to A's heirs. 
B) It goes to the state. 
C) It reverts to B's heirs. 
D) It passes under A's will.

Question 9

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:

Accepted Answer

A) a possibility of a reverter. 
B) a reversionary interest. 
C) a vested remainder. 
D) a contingent remainder. 
A) a possibility of a reverter. 
B) a reversionary interest. 
C) a vested remainder. 
D) a contingent remainder.

Question 10

A possibility of reverter is the complementary estate to a:

Accepted Answer

A) fee simple. 
B) qualified fee. 
C) life estate. 
D) reversion. 
A) fee simple. 
B) qualified fee. 
C) life estate. 
D) reversion.

Question 11

A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.

Accepted Answer

A) True 
 B)False

Question 12

If Sam leases property "to Susan as long as Sam wishes," the landlord has created a(n):

Accepted Answer

A) fee simple absolute. 
B) estate (tenancy) at will. 
C) condominium. 
D) estate at sufferance. 
A) fee simple absolute. 
B) estate (tenancy) at will. 
C) condominium. 
D) estate at sufferance.

Question 13

An estate from week to week or month to month is called a(n):

Accepted Answer

A) fee simple absolute. 
B) estate for years. 
C) periodic tenancy. 
D) tenancy at sufferance. 
A) fee simple absolute. 
B) estate for years. 
C) periodic tenancy. 
D) tenancy at sufferance.

Question 14

If Dan sublets his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.

Accepted Answer

A) True 
 B)False

Question 15

All interests in property that can be conveyed carry the right to immediate possession.

Accepted Answer

A) True 
 B)False

Question 16

Reversions:

Accepted Answer

A) create a future interest in a third person. 
B) may be transferred by deed or will and pass by intestate succession. 
C) include the right to immediate possession for an indefinite time. 
D) do not create a definite, existing interest in the property, but create a future interest. 
A) create a future interest in a third person. 
B) may be transferred by deed or will and pass by intestate succession. 
C) include the right to immediate possession for an indefinite time. 
D) do not create a definite, existing interest in the property, but create a future interest.

Question 17

If Arthur were as yet childless, which of the following present grants would be considered a contingent remainder?

Accepted Answer

A) "To Arthur and his heirs forever and ever." 
B) "To Arthur for life and then to his first-born son, but if he has no male children, then to the Catholic Church." 
C) "To Arthur for life, then to grantor." 
D) "To Arthur for 100 years and then to the Catholic Church." 
A) "To Arthur and his heirs forever and ever." 
B) "To Arthur for life and then to his first-born son, but if he has no male children, then to the Catholic Church." 
C) "To Arthur for life, then to grantor." 
D) "To Arthur for 100 years and then to the Catholic Church."

Question 18

Which of the following represents concurrent property ownership?

Accepted Answer

A) A cooperative. 
B) A life estate. 
C) A lease. 
D) A fee simple absolute. 
A) A cooperative. 
B) A life estate. 
C) A lease. 
D) A fee simple absolute.

Question 19

The implied warranty of habitability:

Accepted Answer

A) is a warranty that the land is well maintained. 
B) is a concept created by Congress to protect consumers who rent homes. 
C) requires leased premises to be fit for ordinary residential purposes. 
D) All of the above. 
A) is a warranty that the land is well maintained. 
B) is a concept created by Congress to protect consumers who rent homes. 
C) requires leased premises to be fit for ordinary residential purposes. 
D) All of the above.

Exam 49: Interests in Real Property

If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

In general, a tenant is under a duty to make minor repairs to the leased premises.

Community property does not include a ring owned by the wife prior to the marriage.

Traditionally, the common law viewed a leasehold estate primarily as a contract, but today it is viewed more as a conveyance of the use of land.

To create a joint tenancy, the tenants must acquire title by the same instrument.

The greatest ownership interest a person may have in real property is:

A characteristic of a tenancy in common is that:

If B grants A a life estate in his property and then B dies, what happens to the land when A dies?

Grandfather conveyed to Erin the right to the family farm after her grandmother dies.This is called:

A possibility of reverter is the complementary estate to a:

A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.

If Sam leases property "to Susan as long as Sam wishes," the landlord has created a(n):

An estate from week to week or month to month is called a(n):

If Dan sublets his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.

All interests in property that can be conveyed carry the right to immediate possession.

Reversions:

If Arthur were as yet childless, which of the following present grants would be considered a contingent remainder?

Which of the following represents concurrent property ownership?

The implied warranty of habitability:

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer

Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Transfer and Control of Real Property

Trusts and Wills

Filters