Deck 29: Basic Legal Concepts of Property

Question 1

All states have community property laws.

Answer 1

False

Question 2

Real property cannot be transferred to another by a will.

Answer 2

False

Question 3

Books are patented.

Answer 3

False

Question 4

Intangible personal property includes

A) an easement.
B) a road.
C) accounts receivable.
D) books.

Question 5

Personal property may be transferred by

A) delivery alone.
B) a formal bill of sale.
C) a deed.
D) delivery and by a formal bill of sale.

Question 6

Ownership in a condominium is considered personal property.

Question 7

A tenancy by the entirety is similar to joint tenancy.

Question 8

A restrictive covenant is temporary and binds only the present owner of property.

Question 9

Rhode gave National Oil Company the right to lay a pipeline under Rhode's property. This right is

A) a license.
B) eminent domain.
C) an easement.
D) an accretion.

Question 10

Use of real property may be restricted by government through zoning laws.

Question 11

Real property includes

A) land.
B) buildings.
C) rights in the land of another.
D) all of these.

Question 12

The right to use a portion of another's land for a specific purpose either forever or for a set time is called a(n)

A) fixture.
B) easement.
C) profit.
D) license.

Question 13

Adding periods of occupancy by various persons to reach the time period required to acquire real property by adverse possession is known as accretion.

Question 14

Land may be seized by condemnation only for the public welfare.

Question 15

The statute of frauds requires that the acquisition of real property be in written form.

Question 16

A mobile home is an example of real property.

Question 17

If a local government takes an individual's land by condemnation, it must pay the property owner a fair value for the land.

Question 18

In a tenancy in common, there is a right of survivorship.

Question 19

Only real property that is owned by private interests can be acquired through adverse possession.

Question 20

The right to cut down trees on a neighbor's land is called a license.

Question 21

An interest in land called a(n) ____________________ allows one to mine resources from the land of another.

Question 22

Multiple ownership by a husband and wife is called

A) tenancy in common.
B) tenancy by the entirety.
C) joint tenancy.
D) tenancy.

Question 23

The inherent right of government to take private property is called ____________________.

Question 24

A person who buys property that is subject to a restrictive covenant is bound by it

A) only if the seller told him or her about it.
B) only if it appears in the deed.
C) only if his or her lawyer told the buyer about it.
D) none of these.

Question 25

An exception to the strict requirements of a zoning ordinance is called a(n)

A) rezoning.
B) variance.
C) extension.
D) prescription.

Question 26

Copyrights are enforceable rights granted by the

A) county government.
B) state government.
C) city government.
D) federal government.

Question 27

Personal property cannot be acquired by

A) gift.
B) accretion.
C) purchase.
D) abandonment.

Question 28

A(n) ____________________ is an item of personal property so attached to real property that it is treated as real property.

Question 29

A person may acquire title to real property by

A) deed.
B) gift.
C) inheritance.
D) all of these.

Question 30

A time share is

A) perpetual.
B) limited to a certain period of time.
C) either perpetual or limited to a certain period of time.
D) neither perpetual nor limited to a certain period of time.

Question 31

Title to personal property may be transferred by

A) deed.
B) delivery.
C) eminent domain.
D) easement.

Question 32

To establish title to real property by adverse possession, the party claiming such title must show, among other things,

A) that a deed to the property was properly recorded.
B) continuous use of property for a certain period of time.
C) that the property was used with the consent of the owner.
D) that the property will be used for a public use.

Question 33

The power of the state to condemn an owner's property is called the power of

A) prescription.
B) eminent domain.
C) licensing.
D) zoning.

Question 34

When a joint tenant dies, the deceased tenant's interest in the property passes to

A) the deceased's heirs.
B) the surviving joint tenants.
C) the person named in the deceased's will.
D) none of these.

Question 35

Unclaimed or abandoned property ultimately escheats to

A) its rightful owner.
B) the federal government.
C) one's heirs.
D) the state.

Question 36

____________________ is acquiring real property by occupying it for a long period of time without the owner's consent.

Question 37

Computer technology is protected by the law of

A) eminent domain.
B) copyright law.
C)
C) trade secrets
D) both b and

Question 38

A building operated as a cooperative is owned by

A) a partnership.
B) a corporation.
C) the unit owners.
D) none of these.

Question 39

A condominium owner has

A) title to a specific unit in the building.
B) responsibility for property taxes on the unit.
C) ownership by deed.
D) all of these.

Question 40

Obtaining an easement by ____________________ is similar to the concept of adverse possession.

Question 41

A joint tenancy consisting of a husband and wife is known as a tenancy ____________________.

Question 42

The Martins lived in a community property state. Mrs. Martin inherited $80,000 from an uncle. Is her husband entitled to claim $40,000 as community property?

Question 43

A(n) ____________________ is a word or symbol used to identify a company or a product.

Question 44

Jensen purchased a six-room house for himself and his daughter. Jensen wishes to have a deed that states that, in case of the death of either of them, the other is to own the house. What form of ownership should Jensen choose?

Question 45

The highest form of ownership of real property is ____________________.

Question 46

Black and Conway owned an office building as tenants in common. Black died. To whom does Black's interest in the office building pass?

Question 47

The occupier of a(n) ____________________ unit has no individual interest in the real estate.

Question 48

A clause in a deed limiting the use of property is called a(n) ____________________.

Question 49

Allen, a teacher, copied pages from a published novel for study by the members of his literature class. Has she infringed the copyright?

Question 50

Perez invented a new type of cellular phone and gave it a unique name. She claims she has the exclusive right to use the name throughout the United States. Is she correct?