Property and Correct Answer

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  • Published : October 13, 2010
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  Question 1| 1 out of 1 points  |
|  Real property can be most completely defined as:|
| Selected Answer:|                (d) land, affixed to land, appurtenances, immovable by law| Correct Answer:|                (d) land, affixed to land, appurtenances, immovable by law|
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  Question 2| 1 out of 1 points  |
| Zoning laws have the greatest impact on which "Right" in the Bundle of Rights?| | Selected Answer:|   (a) right to use|
Correct Answer:|   (a) right to use|
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  Question 3| 1 out of 1 points  |
| A deeded easement of right-of-way over the land of another is considered to be:| | Selected Answer:|   (c) an appurtenance|
Correct Answer:|   (c) an appurtenance|
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  Question 4| 0 out of 1 points  |
| An investor leases a building to a tenant who then opens a retail store. The tenant installs a cash register. The cash register is best described as:| | Selected Answer:|   (a) personal property|

Correct Answer:|   (b) trade fixture|
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  Question 5| 1 out of 1 points  |
| Which of the following is considered to be personal property?| | Selected Answer:|   (c) mortgage contract|
Correct Answer:|   (c) mortgage contract|
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  Question 6| 1 out of 1 points  |
| The rights of an owner are referred to as the "Bundle of Rights." Which of these is not one of these rights?| | Selected Answer:|   (a) the unrestricted right to the use of riparian waters| Correct Answer:|   (a) the unrestricted right to the use of riparian waters|

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  Question 7| 1 out of 1 points  |
| Courts frequently have to make a decision as to whether some item does or does not go with the real property when it is sold. In making their decision, they use the "Five tests of a fixture." These include of the following except:| | Selected Answer:|   (c) whether the property is being taxed| Correct Answer:|   (c) whether the property is being taxed|

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  Question 8| 1 out of 1 points  |
| The rights to minerals that lie beneath the surface of the land, unless otherwise specified:| | Selected Answer:|   (c) are automatically transferred with the sale of real property| Correct Answer:|   (c) are automatically transferred with the sale of real property|

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  Question 9| 1 out of 1 points  |
| The right to a reasonable use of the surface waters upon which a property owner's land borders is called:| | Selected Answer:|   (a) riparian rights|
Correct Answer:|   (a) riparian rights|
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  Question 10| 1 out of 1 points  |
| The right to possess, encumber, use, and enjoy a piece of property to the exclusion of all others, would be an accurate description of:| | Selected Answer:|   (c) property ownership|
Correct Answer:|   (c) property ownership|
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  Question 11| 0 out of 1 points  |
| The E 1/2 of the NW 1/4 of the NW 1/4 of the SE 1/4, and the SW 1/4 of Section 10 contains:| | Selected Answer:|   (c) 45 acres|
Correct Answer:|   (d) 165 acres|
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  Question 12| 1 out of 1 points  |
| In the U. S. Government Survey System, which lines run parallel to the principal base line?| | Selected Answer:|   (a) township line|
Correct Answer:|   (a) township line|
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  Question 13| 0 out of 1 points  |
| A person who makes a will is the:|
| Selected Answer:|   (a) executor (trix)|
Correct Answer:|   (d) testator (trix)|
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  Question 14| 1 out of 1 points  |
| If a married person dies testate and leaves all community property, the decedent's interest passes to the:| | Selected Answer:|   (a) whomever is named in the will| Correct Answer:|   (a) whomever is named in the will|

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  Question 15| 1 out of 1 points  |
| Most attorneys stress that the best will is a properly drafted:| | Selected...
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