Deck 48: Interests in Real Property

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سؤال
15)State statutes or lease provisions often permit a landlord to evict a tenant for nonpayment of rent.
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لقلب البطاقة.
سؤال
3)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.
سؤال
9)A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.
سؤال
1)A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.
سؤال
16)A reversion is held by a person other than the grantor or his successors.
سؤال
19)To create a joint tenancy, the tenants must assume title by the same instrument.
سؤال
8)If the lease is silent on the subject, a tenant may assign his lease.
سؤال
2)All other estates are derived from the fee simple estate.
سؤال
10)Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.
سؤال
11)If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.
سؤال
7)Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.
سؤال
13)The Arbor Apartments can legally restrict tenants to those who are married couples.
سؤال
20)Community property does not include a ring owned by the wife prior to the marriage.
سؤال
12)If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.
سؤال
5)A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.
سؤال
6)A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.
سؤال
14)If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.
سؤال
4)Ownership of real property for a definite time or for the life of a person is a freehold estate .
سؤال
18)If Tom and Tim are tenants in common, they each own a specific half of the property.
سؤال
17)Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.
سؤال
39)Which of the following is a true statement concerning a life estate?

A) A life estate is an ownership right for the life of the grantor.
B) A life estate is an ownership right in property for the life of any individual designated by the grantor.
C) A life estate requires special wording, prescribed by statute, to create it.
D) None of these.
سؤال
36)A freehold estate is:

A) a right to possession of real property
B) a right of ownership of real property for an indefinite time (fee estate).
C) a right of ownership of real property for the life of a person (life estate).
D) All of these.
سؤال
21)An easement describes a limited possessory interest in the land.
سؤال
31)In general, a tenant is under a duty to make minor repairs to the leased premises.
سؤال
22)An easement that is appurtenant usually passes to the new owner of the land.
سؤال
37)A person with a life estate cannot do which of the following?

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.
سؤال
30)A tenancy for years must have a duration of at least two years, and notice to terminate must be given at least one month before ending the lease.
سؤال
26)A tenancy by the entireties, created only by a conveyance to a husband and wife, is terminated by divorce.
سؤال
27)A life tenant may do anything with the land that is legal.
سؤال
33)How may an easement be created?

A) By prescription.
B) By reservation.
C) By necessity.
D) It may be created in all of the above ways.
سؤال
32)Mariella's purchase of a ticket to the ballet grants her a license to use the theater's premises during the performance, but it does not give her an interest in the real property.
سؤال
24)For a person to acquire an easement, he must have the permission of the owner to use the land.
سؤال
35)An estate in fee simple would have which of the following characteristics?

A) It may be inherited.
B) It may be sold.
C) Judgment creditors may levy upon it.
D) All of these.
سؤال
29)A license is the limited right to remove the produce from another's land.
سؤال
28)A license is generally subject to revocation by the property owner at any time.
سؤال
23)An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.
سؤال
38)A periodic leasehold tenancy may be terminated:

A) upon expiration of the period.
B) upon 6 months' notice in a tenancy from month to month.
C) upon the date set in the lease agreement.
D) upon notice at the expiration of any one period but only on adequate notice to the other party.
سؤال
25)All interests in property that can be conveyed carry the right to immediate possession.
سؤال
34)Larry leases his farm to Tom for a period of twenty years. What interest does Larry have in the land?

A) A vested remainder.
B) A reversion.
C) A private easement.
D) A possibility of reverter.
سؤال
40)Constructive eviction would result in a discharge of any obligation to pay rent if:

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.
سؤال
58)Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

A) automatic leases provisions.
B) recordation clauses.
C) covenants.
D) reversionary clauses.
سؤال
44)A characteristic of a tenancy in common is that:

A) it is a rarely used form of concurrent ownership.
B) each co-owner has an undivided interest in the property and has the right to possession.
C) there is a right of survivorship.
D) All of these.
سؤال
54)If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

A) waste has occurred.
B) there has been an unreasonable abandonment of the premises.
C) a constructive eviction has taken place.
D) vacating of the premises constituted an assignment.
سؤال
60)A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

A) reversion.
B) remainder.
C) life estate.
D) fee simple absolute.
سؤال
45)Bob and his sister, Claudia, can NOT own property by:

A) a tenancy by the entireties.
B) tenancy in common.
C) joint tenancy.
D) They can own property in any of these ways.
سؤال
55)A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

A) sublease.
B) assignment.
C) eviction.
D) abandonment.
سؤال
50)Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises. If alcohol is sold, the property is to go to Frank's estate. The estate created in the city is a:

A) reversion.
B) qualified fee or a fee simple defeasible.
C) possibility of reverter.
D) contingent remainder.
سؤال
52)If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):

A) fee simple absolute.
B) estate (tenancy) at will.
C) condominium.
D) estate at sufferance.
سؤال
57)In a condominium:

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.
سؤال
59)Nick rents to Lorna an apartment beginning September 1. Nick has the obligation:

A) to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment.
B) under the common law, to repair Lorna's apartment as needed.
C) under the majority rule, to give Lorna the right to possession on September 1.
D) under the majority rule, to give Lorna actual possession on September 1.
سؤال
49)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) 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.
سؤال
47)Which of the following ways is NOT a way to create an easement?

A) The landowner agrees to it orally.
B) It is necessary for access to the land.
C) It is taken by using the land openly in a period of years.
D) All of these.
سؤال
48)A condominium differs from a cooperative in that a tenant in the latter:

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

A) fee simple absolute.
B) estate for years.
C) periodic tenancy.
D) tenancy at sufferance.
سؤال
56)Which of the following represents concurrent property ownership?

A) A cooperative.
B) A life estate.
C) A lease.
D) A fee simple absolute.
سؤال
46)The concept of waste, as used in real property, includes:

A) any act that permanently injures the realty.
B) any omission that permanently injures the realty.
C) any act that unreasonably changes the value of the realty.
D) All of these.
سؤال
41)Mom and Carolyn own a farm as joint tenants. When Mom dies, her share will pass to:

A) Carolyn.
B) her heirs.
C) her beneficiaries.
D) Carolyn's heirs.
سؤال
42)Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

A) tenancy by the entireties.
B) tenancy in partnership.
C) tenancy in common.
D) joint tenancy.
سؤال
43)The characteristics of a qualified or base fee estate include(s) that:

A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur.
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition.
C) a qualified fee interest may pass by intestate succession.
D) All of these.
سؤال
53)The implied warranty of habitability:

A) is a warranty that the land is well maintained.
B) is a concept created by Congress to protect consumers who rent homes.
C) requires leased premises to be fit for ordinary residential purposes.
D) All of these.
سؤال
73)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) 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.
سؤال
79)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.
سؤال
74)Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?

A) There is no sale.
B) The sale severs the tenancy and creates a joint tenancy.
C) The sale transfers one-half interest in the land.
D) The sale results in a partition of the land.
سؤال
62)Which of the following is NOT an example of concurrent ownership?

A) A joint tenancy.
B) A tenancy by the entireties.
C) A tenancy in common.
D) A lease between a landlord and a tenant.
سؤال
63)Landlords can evict a tenant if:

A) the tenant fails to pay the rent.
B) the lease expires and the tenant refuses to move out.
C) the tenant keeps a pet in violation of the lease and refuses to get rid of it.
D) All of these.
سؤال
70)If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

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.
سؤال
76)a. What is a fee simple?
b. What is a life estate?
c. If Ed grants a life estate to his wife, what interest does he retain? Explain.
سؤال
66)A possibility of reverter is the complementary estate to a:

A) fee simple.
B) qualified fee.
C) life estate.
D) reversion.
سؤال
67)Grandfather conveyed to Erin the right to the family farm after her grandmother dies. This is called:

A) a possibility of a reverter.
B) a reversionary interest.
C) a vested remainder.
D) a contingent remainder.
سؤال
65)If B grants A a life estate in B 's property for A 's lifetime and then B dies, what happens to the land when A dies?

A) It goes to A 's heirs.
B) It goes to the state.
C) It reverts to B 's heirs.
D) It passes under A 's will.
سؤال
68)If Arthur were as yet childless, which of the following present grants would be considered as creating a contingent remainder?

A) "To Arthur and his heirs forever and ever."
B) "To Arthur for life and then to his first-born son, but if he has no male children, then to the Catholic Church."
C) "To Arthur for life, then to grantor."
D) "To Arthur for 100 years and then to the Catholic Church."
سؤال
80)Barton granted his neighbor, Mullins, the right to graze her cattle on Barton's land. Identify the type of property interest Mullins has in Barton's land and explain how such interests are created.
سؤال
75)The All-Power Gas and Electric Company cleared a right of way across Larry's land and put up a power line, which it has maintained for the past 20 years. Now the company wants to replace the old line with a new one, and Larry has decided he doesn't want them on his land. Does the company have a recognizable interest in Larry's land? Can Larry keep the company from installing a new line?
سؤال
71)Joanne rents a single-family house for one year starting September 1. If the house burns down, the common law requires:

A) payment of rent only prior to the destruction.
B) payment to be suspended until the house is repaired.
C) payments to terminate.
D) payment to continue for the entire year.
سؤال
69)Jack, a landlord, sells his apartment house to Bob, who knows that each of the four apartments is rented. May Bob tell the tenants to vacate and install his own tenants?

A) Yes, since he is now the owner.
B) Yes, the leases terminate when Jack's ownership ends.
C) No, he must wait until their leases expire.
D) No, they may stay as long as they wish.
سؤال
61)An interest that arises in a third party in the future is called a(n):

A) reversion.
B) remainder.
C) assignment.
D) fee simple absolute.
سؤال
78)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?
سؤال
64)The greatest ownership interest a person may have in real property is:

A) fee simple absolute.
B) tenancy by the entireties.
C) life estate.
D) vested remainder.
سؤال
72)Ed signs a ten-year lease with a survival clause. If Ed is evicted after two years, he will have to pay:

A) rent for the remaining 8 years.
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises.
C) until eviction.
D) until he assigns the lease.
سؤال
77)Myra, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common. Discuss the interest each has in the real estate.
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Deck 48: Interests in Real Property
1
15)State statutes or lease provisions often permit a landlord to evict a tenant for nonpayment of rent.
True
2
3)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.
True
3
9)A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.
False
4
1)A majority of states have enacted the Uniform Residential Landlord and Tenant Act which provides a comprehensive system for regulating the landlord-tenant relationship.
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5
16)A reversion is held by a person other than the grantor or his successors.
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6
19)To create a joint tenancy, the tenants must assume title by the same instrument.
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7
8)If the lease is silent on the subject, a tenant may assign his lease.
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8
2)All other estates are derived from the fee simple estate.
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9
10)Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.
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10
11)If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.
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11
7)Landlords are liable for injuries their tenants and others suffer as a result of any criminal conduct of third parties on the leased premises.
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12
13)The Arbor Apartments can legally restrict tenants to those who are married couples.
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13
20)Community property does not include a ring owned by the wife prior to the marriage.
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14
12)If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.
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15
5)A leasehold is like a bailment in that it permits the tenant to have a possessory but not an ownership interest in the landlord's estate.
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16
6)A tenancy at sufferance is created if a tenant fails to vacate the premises when the lease expires.
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17
14)If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.
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18
4)Ownership of real property for a definite time or for the life of a person is a freehold estate .
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19
18)If Tom and Tim are tenants in common, they each own a specific half of the property.
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20
17)Breach of the implied warranty of habitability allows a tenant to withhold rent according to most courts.
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21
39)Which of the following is a true statement concerning a life estate?

A) A life estate is an ownership right for the life of the grantor.
B) A life estate is an ownership right in property for the life of any individual designated by the grantor.
C) A life estate requires special wording, prescribed by statute, to create it.
D) None of these.
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22
36)A freehold estate is:

A) a right to possession of real property
B) a right of ownership of real property for an indefinite time (fee estate).
C) a right of ownership of real property for the life of a person (life estate).
D) All of these.
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23
21)An easement describes a limited possessory interest in the land.
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24
31)In general, a tenant is under a duty to make minor repairs to the leased premises.
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25
22)An easement that is appurtenant usually passes to the new owner of the land.
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26
37)A person with a life estate cannot do which of the following?

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.
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27
30)A tenancy for years must have a duration of at least two years, and notice to terminate must be given at least one month before ending the lease.
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28
26)A tenancy by the entireties, created only by a conveyance to a husband and wife, is terminated by divorce.
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29
27)A life tenant may do anything with the land that is legal.
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30
33)How may an easement be created?

A) By prescription.
B) By reservation.
C) By necessity.
D) It may be created in all of the above ways.
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31
32)Mariella's purchase of a ticket to the ballet grants her a license to use the theater's premises during the performance, but it does not give her an interest in the real property.
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32
24)For a person to acquire an easement, he must have the permission of the owner to use the land.
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33
35)An estate in fee simple would have which of the following characteristics?

A) It may be inherited.
B) It may be sold.
C) Judgment creditors may levy upon it.
D) All of these.
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34
29)A license is the limited right to remove the produce from another's land.
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35
28)A license is generally subject to revocation by the property owner at any time.
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36
23)An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of the property.
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37
38)A periodic leasehold tenancy may be terminated:

A) upon expiration of the period.
B) upon 6 months' notice in a tenancy from month to month.
C) upon the date set in the lease agreement.
D) upon notice at the expiration of any one period but only on adequate notice to the other party.
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38
25)All interests in property that can be conveyed carry the right to immediate possession.
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39
34)Larry leases his farm to Tom for a period of twenty years. What interest does Larry have in the land?

A) A vested remainder.
B) A reversion.
C) A private easement.
D) A possibility of reverter.
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40
40)Constructive eviction would result in a discharge of any obligation to pay rent if:

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.
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41
58)Promises made by the landlord and tenant to each other in the lease to do or not to do certain acts are known as:

A) automatic leases provisions.
B) recordation clauses.
C) covenants.
D) reversionary clauses.
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42
44)A characteristic of a tenancy in common is that:

A) it is a rarely used form of concurrent ownership.
B) each co-owner has an undivided interest in the property and has the right to possession.
C) there is a right of survivorship.
D) All of these.
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43
54)If a landlord furnishes heat in the summer in order to force his tenant to move and the tenant does in fact move, a court of law will probably decide that:

A) waste has occurred.
B) there has been an unreasonable abandonment of the premises.
C) a constructive eviction has taken place.
D) vacating of the premises constituted an assignment.
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44
60)A future interest remaining in a grantor of property who transfers away less than his entire interest is called a:

A) reversion.
B) remainder.
C) life estate.
D) fee simple absolute.
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45
45)Bob and his sister, Claudia, can NOT own property by:

A) a tenancy by the entireties.
B) tenancy in common.
C) joint tenancy.
D) They can own property in any of these ways.
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46
55)A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):

A) sublease.
B) assignment.
C) eviction.
D) abandonment.
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47
50)Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises. If alcohol is sold, the property is to go to Frank's estate. The estate created in the city is a:

A) reversion.
B) qualified fee or a fee simple defeasible.
C) possibility of reverter.
D) contingent remainder.
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48
52)If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):

A) fee simple absolute.
B) estate (tenancy) at will.
C) condominium.
D) estate at sufferance.
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49
57)In a condominium:

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.
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50
59)Nick rents to Lorna an apartment beginning September 1. Nick has the obligation:

A) to prevent other tenants from being so noisy that they interfere with Lorna's use and enjoyment of the apartment.
B) under the common law, to repair Lorna's apartment as needed.
C) under the majority rule, to give Lorna the right to possession on September 1.
D) under the majority rule, to give Lorna actual possession on September 1.
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51
49)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) 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.
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52
47)Which of the following ways is NOT a way to create an easement?

A) The landowner agrees to it orally.
B) It is necessary for access to the land.
C) It is taken by using the land openly in a period of years.
D) All of these.
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53
48)A condominium differs from a cooperative in that a tenant in the latter:

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.
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54
51)A leasehold from week to week or month to month is called a(n):

A) fee simple absolute.
B) estate for years.
C) periodic tenancy.
D) tenancy at sufferance.
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55
56)Which of the following represents concurrent property ownership?

A) A cooperative.
B) A life estate.
C) A lease.
D) A fee simple absolute.
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56
46)The concept of waste, as used in real property, includes:

A) any act that permanently injures the realty.
B) any omission that permanently injures the realty.
C) any act that unreasonably changes the value of the realty.
D) All of these.
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57
41)Mom and Carolyn own a farm as joint tenants. When Mom dies, her share will pass to:

A) Carolyn.
B) her heirs.
C) her beneficiaries.
D) Carolyn's heirs.
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58
42)Although the court in James v. Taylor recognized that the presumption has been changed by statute in many states, the court stated that at common law, if the wording in a deed was ambiguous, the law favored a:

A) tenancy by the entireties.
B) tenancy in partnership.
C) tenancy in common.
D) joint tenancy.
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59
43)The characteristics of a qualified or base fee estate include(s) that:

A) it is possible to convey or will property to a person to enjoy absolutely, subject to its being taken away at a later date should a certain event occur.
B) a holder of a qualified fee interest may transfer the property by deed, subject to the initial condition.
C) a qualified fee interest may pass by intestate succession.
D) All of these.
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60
53)The implied warranty of habitability:

A) is a warranty that the land is well maintained.
B) is a concept created by Congress to protect consumers who rent homes.
C) requires leased premises to be fit for ordinary residential purposes.
D) All of these.
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61
73)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) 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.
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62
79)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.
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63
74)Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?

A) There is no sale.
B) The sale severs the tenancy and creates a joint tenancy.
C) The sale transfers one-half interest in the land.
D) The sale results in a partition of the land.
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64
62)Which of the following is NOT an example of concurrent ownership?

A) A joint tenancy.
B) A tenancy by the entireties.
C) A tenancy in common.
D) A lease between a landlord and a tenant.
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65
63)Landlords can evict a tenant if:

A) the tenant fails to pay the rent.
B) the lease expires and the tenant refuses to move out.
C) the tenant keeps a pet in violation of the lease and refuses to get rid of it.
D) All of these.
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66
70)If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

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.
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67
76)a. What is a fee simple?
b. What is a life estate?
c. If Ed grants a life estate to his wife, what interest does he retain? Explain.
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68
66)A possibility of reverter is the complementary estate to a:

A) fee simple.
B) qualified fee.
C) life estate.
D) reversion.
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69
67)Grandfather conveyed to Erin the right to the family farm after her grandmother dies. This is called:

A) a possibility of a reverter.
B) a reversionary interest.
C) a vested remainder.
D) a contingent remainder.
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70
65)If B grants A a life estate in B 's property for A 's lifetime and then B dies, what happens to the land when A dies?

A) It goes to A 's heirs.
B) It goes to the state.
C) It reverts to B 's heirs.
D) It passes under A 's will.
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71
68)If Arthur were as yet childless, which of the following present grants would be considered as creating a contingent remainder?

A) "To Arthur and his heirs forever and ever."
B) "To Arthur for life and then to his first-born son, but if he has no male children, then to the Catholic Church."
C) "To Arthur for life, then to grantor."
D) "To Arthur for 100 years and then to the Catholic Church."
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72
80)Barton granted his neighbor, Mullins, the right to graze her cattle on Barton's land. Identify the type of property interest Mullins has in Barton's land and explain how such interests are created.
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73
75)The All-Power Gas and Electric Company cleared a right of way across Larry's land and put up a power line, which it has maintained for the past 20 years. Now the company wants to replace the old line with a new one, and Larry has decided he doesn't want them on his land. Does the company have a recognizable interest in Larry's land? Can Larry keep the company from installing a new line?
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74
71)Joanne rents a single-family house for one year starting September 1. If the house burns down, the common law requires:

A) payment of rent only prior to the destruction.
B) payment to be suspended until the house is repaired.
C) payments to terminate.
D) payment to continue for the entire year.
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75
69)Jack, a landlord, sells his apartment house to Bob, who knows that each of the four apartments is rented. May Bob tell the tenants to vacate and install his own tenants?

A) Yes, since he is now the owner.
B) Yes, the leases terminate when Jack's ownership ends.
C) No, he must wait until their leases expire.
D) No, they may stay as long as they wish.
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76
61)An interest that arises in a third party in the future is called a(n):

A) reversion.
B) remainder.
C) assignment.
D) fee simple absolute.
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77
78)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?
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78
64)The greatest ownership interest a person may have in real property is:

A) fee simple absolute.
B) tenancy by the entireties.
C) life estate.
D) vested remainder.
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79
72)Ed signs a ten-year lease with a survival clause. If Ed is evicted after two years, he will have to pay:

A) rent for the remaining 8 years.
B) damages equal to the difference between the rent specified in the lease and the rent the landlord is able to obtain from reletting the premises.
C) until eviction.
D) until he assigns the lease.
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80
77)Myra, Elsa, and Ellen are sisters who own 500 acres of land as tenants in common. Discuss the interest each has in the real estate.
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