Question 1

Nine states in the U.S.A. recognize a form of ownership called community property.

Accepted Answer

Nine states in the U.S.A. (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin) recognize a form of ownership called community property.

Question 2

Annual crops, such as corn or soybeans, and severed vegetation are considered to be _____ .&#10;A) real property&#10;B) personal property&#10;C) immovable property&#10;D) lifetime property

Accepted Answer

Annual crops and severed vegetation are considered personal property because they are not permanently attached to the land and can be harvested or removed.

Question 3

A tenancy by the entirety can exist only between a husband and wife.

Accepted Answer

Tenancy by the entirety is a form of joint property ownership that is available only to married couples, where each spouse has an equal and undivided interest in the property.

Question 4

Personal property attached to land or a building that becomes a part of the land is known as a(n) _____.&#10;A) fixture&#10;B) installment&#10;C) tenant&#10;D) attachment

Accepted Answer

Personal property that is attached to land or a building and becomes a part of it is known as a fixture. Fixtures can include things like light fixtures, plumbing fixtures, built-in appliances, and even trees or shrubs planted in the ground. The key characteristic of a fixture is that it is affixed to the property in a way that makes it difficult to remove without causing damage. Once something becomes a fixture, it typically becomes part of the real property and cannot be removed by a tenant or other party without permission from the owner.

Question 5

A fee simple owner of property, whether real or personal, has the right to possess the property for a limited time.

Accepted Answer

A fee simple owner has the most extensive rights in property ownership, including the right to possess the property indefinitely, not for a limited time.

Question 6

Define adverse possession.

Accepted Answer

The answer of Define adverse possession....

Question 7

_____ consists of land, including the actual soil, and all permanent attachments to the land, such as fences, walls, and other additions.&#10;A) Fictitious property&#10;B) Movable property&#10;C) Intangible property&#10;D) Real property

Accepted Answer

Real property consists of land (including soil) and all permanent attachments to the land, such as fences, walls, and other additions.

Question 8

A person owning an estate for a lifetime is called a life owner.

Accepted Answer

A person owning an estate for a lifetime is called a life tenant, not a life owner.

Question 9

A _____ occurs when two or more people own property such that when one owner dies, that owner's interest in the property passes to a person named in the deceased's will.&#10;A) tenancy by default&#10;B) tenancy in common&#10;C) tenancy by the entirety&#10;D) public tenancy

Accepted Answer

The definition provided describes a tenancy in common, which is a form of co-ownership where each owner has a separate and distinct interest in the property. When one owner dies, that owner's interest passes to their designated beneficiary according to their will or under the laws of intestacy. Tenancy by the entirety (C) is a form of co-ownership only available to married couples, where both spouses have an equal and undivided interest in the property and it includes the right of survivorship. Tenancy by default (A) and public tenancy (D) are not recognized forms of co-ownership.

Question 10

A _____&#160; is the largest and most complete right that one may possess in property.&#10;A) remainder estate&#10;B) communal estate&#10;C) life estate&#10;D) fee simple estate

Accepted Answer

A fee simple estate is the largest and most complete right that one may possess in property. It is an estate in which the owner has the greatest power of disposition over the property and can freely sell, lease, or bequeath it.

Question 11

A color of title arises from some defective document purporting to be a deed or a will.

Accepted Answer

The answer of A color of title arises from some...

Question 12

An easement gives an exclusive right to possession.

Accepted Answer

The answer of An easement gives an exclusive right to...

Question 13

Dirt deposited along the boundary of real property is not added to it.

Accepted Answer

The answer of Dirt deposited along the boundary of real...

Question 14

Minerals under the soil and the waters on it are not considered real property.

Accepted Answer

The answer of Minerals under the soil and the waters...

Question 15

Personal property becomes real property if it cannot be removed without damaging the property.

Accepted Answer

The answer of Personal property becomes real property if it...

Question 16

A _____ exists when two or more people own property and on the death of one, the remaining owner(s) own the entire property free of any interest of the deceased.&#10;A) joint tenancy&#10;B) tenancy in common&#10;C) tenancy by default&#10;D) tenancy by possession

Accepted Answer

The answer of A _____ exists when two or more...

Question 17

Which of the following best describes partition?&#10;A) A tenancy in entirety ended due to incapacity of one or more tenants&#10;B) A joint tenancy destroyed by the death of two or more owners&#10;C) A joint tenancy destroyed by one joint tenant suing for a division of the property&#10;D) A tenancy in common ended by the death of one or more owners

Accepted Answer

The answer of Which of the following best describes partition?&#10;A)...

Question 18

Crops such as clovers and grasses are classified as real property until severed from a land.

Accepted Answer

The answer of Crops such as clovers and grasses are...

Question 19

_____ is the addition to land as a result of the gradual deposit by water of solids.&#10;A) Reversion&#10;B) Adverse possession&#10;C) Accretion&#10;D) Aquation

Accepted Answer

The answer of _____ is the addition to land as...

Question 20

An individual may acquire title to real property by occupying the land owned by another for a period fixed by statute.

Accepted Answer

The answer of An individual may acquire title to real...

Deck 41: Nature of Real Property