Question 1

A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

Accepted Answer

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

Question 2

A life tenant may do anything with the land that is legal.

Accepted Answer

A) True 
 B)False

Question 3

A condominium differs from a cooperative in that a tenant in the latter:

Accepted Answer

A) rents his apartment from the cooperative. 
B) owns his apartment in cooperation with corporate owner. 
C) owns all the space except the common areas. 
D) owns only the internal space. 
A) rents his apartment from the cooperative. 
B) owns his apartment in cooperation with corporate owner. 
C) owns all the space except the common areas. 
D) owns only the internal space.

Question 4

Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.

Accepted Answer

A) True 
 B)False

Question 5

A leasehold 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 6

Constructive eviction would result in a discharge of any obligation to pay rent if:

Accepted Answer

A) proper notice is given to the landlord. 
B) the tenant abandons possession within a reasonable time. 
C) the tenant fixes the problem. 
D) the tenant serves the landlord with a court order. 
A) proper notice is given to the landlord. 
B) the tenant abandons possession within a reasonable time. 
C) the tenant fixes the problem. 
D) the tenant serves the landlord with a court order.

Question 7

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

Accepted Answer

A) sublease. 
B) assignment. 
C) eviction. 
D) abandonment. 
A) sublease. 
B) assignment. 
C) eviction. 
D) abandonment.

Question 8

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

Accepted Answer

A) True 
 B)False

Question 9

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

Accepted Answer

Under the common law,the landlord is und

Question 10

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 11

Agatha,Betty,and Clara are sisters who own 300 acres of land as joint tenants.
a.What interest does each of them have in the parcel of land?
b.If Betty dies, what happens to her share of the 300 acres?
c.If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?

Accepted Answer

a.Each of the sisters has an undivided i

Question 12

Mom and Carolyn own a farm as joint tenants.When Mom dies,her share will pass to:

Accepted Answer

A) Carolyn. 
B) her heirs. 
C) her beneficiaries. 
D) Carolyn's heirs. 
A) Carolyn. 
B) her heirs. 
C) her beneficiaries. 
D) Carolyn's heirs.

Question 13

A tenancy by the entireties,created only by a conveyance to a husband and wife,is terminated by divorce.

Accepted Answer

A) True 
 B)False

Question 14

In a condominium:

Accepted Answer

A) all residents own shares in the corporation that owns the building. 
B) each resident purchases a living unit in the building. 
C) the tenant owns a reversionary interest in the property. 
D) the tenant creates a future interest in the property known as a possibility of reverter. 
A) all residents own shares in the corporation that owns the building. 
B) each resident purchases a living unit in the building. 
C) the tenant owns a reversionary interest in the property. 
D) the tenant creates a future interest in the property known as a possibility of reverter.

Question 15

Bess,Ray,and Irwin inherited 48 acres of land,which they own as tenants in common.If Bess decides she wants to live on a portion of the land,in order to get clear title to that portion:

Accepted Answer

A) Bess may request that the land be partitioned, which would change her, Ray's, and Irwin's undivided interests in the whole parcel into smaller, individually owned parcels. 
B) Bess need only move onto the land, as she has the right to possession of the whole 48 acres. 
C) Bess would need to convince Ray and Irwin to join her in selling the entire 48 acres, and she would then need to buy the portion she wishes to own separately. 
D) Ray and Irwin must agree to relinquish their right of survivorship and thus destroy the present tenancy. 
A) Bess may request that the land be partitioned, which would change her, Ray's, and Irwin's undivided interests in the whole parcel into smaller, individually owned parcels. 
B) Bess need only move onto the land, as she has the right to possession of the whole 48 acres. 
C) Bess would need to convince Ray and Irwin to join her in selling the entire 48 acres, and she would then need to buy the portion she wishes to own separately. 
D) Ray and Irwin must agree to relinquish their right of survivorship and thus destroy the present tenancy.

Question 16

A license is the limited right to remove the produce from another's land.

Accepted Answer

A) True 
 B)False

Question 17

Millie,a tenant,wrongfully abandons her apartment after six months,even though there are six months left on her lease.If there is no survival clause in the lease,would the landlord be able to hold Millie liable for rent?

Accepted Answer

A) Yes, but he must leave the apartment vacant. 
B) Yes, after he gives notice to Millie. 
C) Yes, after he relets the apartment. 
D) No, the obligation to pay ended when Millie abandoned the apartment. 
A) Yes, but he must leave the apartment vacant. 
B) Yes, after he gives notice to Millie. 
C) Yes, after he relets the apartment. 
D) No, the obligation to pay ended when Millie abandoned the apartment.

Question 18

A license is generally subject to revocation by the property owner at any time.

Accepted Answer

A) True 
 B)False

Question 19

Mother conveyed her lakefront property to her daughter,Ellen,for life and then to Ellen's children,but if Ellen had no children,to Mark.Mark has a contingent remainder.

Accepted Answer

A) True 
 B)False

Question 20

A person with a life estate cannot do which of the following?

Accepted Answer

A) Strip-mine the land. 
B) Build a bridge over the creek. 
C) Cut a single tree. 
D) Put a new roof on the house. 
A) Strip-mine the land. 
B) Build a bridge over the creek. 
C) Cut a single tree. 
D) Put a new roof on the house.

Exam 48: Interests in Real Property

A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

A life tenant may do anything with the land that is legal.

A condominium differs from a cooperative in that a tenant in the latter:

Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.

A leasehold from week to week or month to month is called a(n):

Constructive eviction would result in a discharge of any obligation to pay rent if:

A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.

Explain what is meant by an implied warranty of habitability and how this doctrine has changed the common law approach with respect to residential leases.

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

Mom and Carolyn own a farm as joint tenants.When Mom dies,her share will pass to:

A tenancy by the entireties,created only by a conveyance to a husband and wife,is terminated by divorce.

In a condominium:

Bess,Ray,and Irwin inherited 48 acres of land,which they own as tenants in common.If Bess decides she wants to live on a portion of the land,in order to get clear title to that portion:

A license is the limited right to remove the produce from another's land.

Millie,a tenant,wrongfully abandons her apartment after six months,even though there are six months left on her lease.If there is no survival clause in the lease,would the landlord be able to hold Millie liable for rent?

A license is generally subject to revocation by the property owner at any time.

Mother conveyed her lakefront property to her daughter,Ellen,for life and then to Ellen's children,but if Ellen had no children,to Mark.Mark has a contingent remainder.

A person with a life estate cannot do which of the following?

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

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Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

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Formation and Internal Relations of General Partnerships

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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

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

Transfer and Control of Real Property

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