Business: Property and Real Estate
Final Examination – Anderson Princiles
1. Airspace above a parcel of land is: (a) real property (b) personal property (c) an encumbrance (d) a fixture
2. All of the following are real property except: (a) fruit trees (b) chattels (c) stock in a mutual water company (d) built-in stove
3. In a dispute over fixtures, courts tend to favor: (a) sellers over buyers (b) landlords over tenants (c) lenders over borrowers (d) grantors over grantees
4. The right of a landowner along a river to take water is called: (a) percolating rights (b) river water rights (c) user rights (d) riparian rights
5. All of the following "run with the land," except: (a) easements (b) private deed restrictions (c) water rights (d) current harvest rights
6. The SE 1/4 of the NW 1/4, and the SW 1/4 of the NE 1/4, and the SW 1/4 of Section 22 contains: (a) 2 1/2 acres (b) 240 acres (c) 45 acres (d) 165 acres
7. A person appointed by the court to handle the estate is the: (a) executor (trix) (b) administrator (trix) (c) devisor (ee) (d) testator (trix)
8. A type of deed that contains an after acquired clause is a: (a) grant deed (b) quiet deed (c) quitclaim deed (d) gift deed
9. A deeds to B and B takes possession but does not record the deed. A then tells a friend C about the deed to B. A then deeds the same property to C, who records the deed. Based on this information, title probably vests in: (a) A (b) B (c) C (d) both B and C
10. If a married person with one child dies intestate and leaves separate property, the descendant's interest passes to the: (a) surviving spouse and child (b) surviving child, and not the surviving spouse (c) surviving spouse, and not the surviving child (d)
1. Airspace above a parcel of land is: (a) real property (b) personal property (c) an encumbrance (d) a fixture
2. All of the following are real property except: (a) fruit trees (b) chattels (c) stock in a mutual water company (d) built-in stove
3. In a dispute over fixtures, courts tend to favor: (a) sellers over buyers (b) landlords over tenants (c) lenders over borrowers (d) grantors over grantees
4. The right of a landowner along a river to take water is called: (a) percolating rights (b) river water rights (c) user rights (d) riparian rights
5. All of the following "run with the land," except: (a) easements (b) private deed restrictions (c) water rights (d) current harvest rights
6. The SE 1/4 of the NW 1/4, and the SW 1/4 of the NE 1/4, and the SW 1/4 of Section 22 contains: (a) 2 1/2 acres (b) 240 acres (c) 45 acres (d) 165 acres
7. A person appointed by the court to handle the estate is the: (a) executor (trix) (b) administrator (trix) (c) devisor (ee) (d) testator (trix)
8. A type of deed that contains an after acquired clause is a: (a) grant deed (b) quiet deed (c) quitclaim deed (d) gift deed
9. A deeds to B and B takes possession but does not record the deed. A then tells a friend C about the deed to B. A then deeds the same property to C, who records the deed. Based on this information, title probably vests in: (a) A (b) B (c) C (d) both B and C
10. If a married person with one child dies intestate and leaves separate property, the descendant's interest passes to the: (a) surviving spouse and child (b) surviving child, and not the surviving spouse (c) surviving spouse, and not the surviving child (d)