Question 1

Jane and her brother each own a ½ interest in certain real property as tenants in common.Jane's interest:

Accepted Answer

A tenant in common may dispose of his interest in the property during life and at death.

Question 2

In the sale of a home,which of the following would likely be treated as a fixture?

Accepted Answer

A fixture is an item of personal property that can be attached to or used in conjunction with real property in such a way that it ceases to be personal property,and instead,becomes part of the real property.

Question 3

Which of the following is a true statement about easements?

Accepted Answer

An easement is the right to make certain uses of another person's property (affirmative easement)or the right to prevent another person from making certain uses of his own property (negative easement).

Question 4

Which of the following grants a person unconditional power to dispose of the property during her lifetime or upon her death?

Accepted Answer

Fee simple absolute gives the right to possess and use the property for an unlimited period of time,subject only to governmental regulations or private restrictions.

Question 5

Archibald and Priscilla,an unmarried couple,co-owned a house.Priscilla automatically became the owner of the house upon Archibald's death.What kind of a co-ownership did they have?

Accepted Answer

A joint tenancy gives the owners the right of survivorship,which means that upon the death of a joint tenant,the deceased tenant's interest automatically passes to the surviving joint tenant.

Question 6

What distinguishes a joint tenancy from a tenancy in common?

Accepted Answer

The joint tenancy's distinguishing feature is that it gives the owners the right of survivorship,which means that upon the death of a joint tenant,the deceased tenant's interest automatically passes to the surviving joint tenant(s).

Question 7

Mary wants to buy an apartment in a building that is owned by ABC Corporation.Mary then purchases stock in ABC Corporation and holds her apartment under a proprietary lease.Under which ownership has Mary acquired title to such an apartment?

Accepted Answer

In a cooperative ownership,a building is owned by a corporation or group of persons.A person who wants to buy an apartment in the building purchases stock in the corporation and holds his apartment under a long-term,renewable lease called a proprietary lease.

Question 8

Any land owner can bring an action for a public nuisance.

Accepted Answer

Typically public nuisance actions must be brought by the government.

Question 9

The power of eminent domain enables a private citizen to sue neighbors for any kind of nuisance.

Accepted Answer

The power of eminent domain makes it possible for the government to acquire private property for highways,water control projects,municipal and civic centers,public housing,urban renewal,and other public uses.

Question 10

When a piece of Real Property is sold who will own the fixtures?

Accepted Answer

Fixtures are attached items that are part of a piece of Real Property.If a piece of Real Property is sold then it will include all the fixtures.

Question 11

Which of the following requires tenants to be married to each other?

Accepted Answer

A tenancy by the entirety is essentially a joint tenancy with the added requirement that the owners be married.

Question 12

Which of the following typically characterizes community property?

Accepted Answer

Property acquired during the marriage through a spouse's industry or efforts is classified as community property.Each spouse has an equal interest in such property regardless of who produced or earned the property.

Question 13

Which of the following factors is most significant in determining whether an item of personal property has become a fixture?

Accepted Answer

An item is considered to be a fixture if it is used in conjunction with real property in such a way that it ceases to be personal property and becomes real property.If firmly attached to real property so that it cannot be removed without damaging the property,the item is likely to be considered a fixture.

Question 14

Ivor,Queen,and Lear own a building as joint tenants with the right of survivorship.Ivor donated his interest in the building to Day Charity by executing and delivering a deed to Day.Both Queen and Lear refused to consent to Ivor's transfer to Day.Subsequently,both Lear and Queen died.After their deaths,Day's interest in the building consisted of:

Accepted Answer

When a joint tenant transfers her interest,the joint tenancy is severed and a tenancy in common is created as to the share affected by the transaction.

Question 15

Which of the following is true of a joint tenancy?

Accepted Answer

When a joint tenant sells her interest to a third person,the purchaser becomes a tenant in common with the remaining joint tenant.

Question 16

Which of the following characterizes a tenancy in common?

Accepted Answer

Persons who own property under a tenancy in common have undivided interests in the property and equal rights to possess it.

Question 17

The term _____ is used to describe the nature of a person's ownership interest in real property.

Accepted Answer

The term estate is used to describe the nature of a person's ownership interest in real property.Estates in land are classified as either freehold estates or nonfreehold estates.

Question 18

Homer and Marge bought Blueacres as tenants in common with equal shares of ownership.One year later,Homer died,leaving a will in which he left his interest in Blueacres to his son,Bart.Under these circumstances:

Accepted Answer

A tenant in common may dispose of his interest in the property during life and at death.The inheritor of his interest then replaces him as the co-owner.

Question 19

Green and Nunn own a 40-acre parcel of land as joint tenants with the right of survivorship.Nunn wishes to sell the land to Ink.If Nunn alone executes and delivers a deed to Ink,what will be the result?

Accepted Answer