Question 1

What type of legal action,if any,can Max bring against Gil?

Accepted Answer

A)  Max has no legal recourse against Gil as Max is not an owner of the property.
B)  Max can bring an action for waste,but only if he can prove Gil's failure to maintain the property was intentional.
C)  Max can bring an action for negligence.
D)  Max can bring an action for misuse of property.
E)  Max can bring an action for waste.F) A) and E)
G) B) and E)

Question 2

Under which of the following circumstances would a landlord be permitted to enter the leased property during the term of a lease?

Accepted Answer

A)  The landlord is allowed to enter the leased property only in emergency situations.
B)  The landlord is allowed to enter the leased property in an emergency or with a certified contractor to make necessary repairs.
C)  The landlord is allowed to enter the leased property in an emergency,when the tenant have given permission to make repairs,or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
D)  The landlord is allowed to enter the leased property in an emergency,when the tenant have given permission to make repairs,with a certified contractor for the purpose of refurbishing the property,or near the end of the leasehold for the purpose of showing the property to a potential new tenant.
E)  A lease cannot exclude a landlord from having access to the property during the term of the lease.F) D) and E)
G) None of the above

Question 3

Which of the following was the result on appeal in Sauls v.Crosby,the case in the text in which the court addressed whether a life tenant had a right to cut timber for the life tenant's commercial gain?

Accepted Answer

A)  The court ruled that the defendant had a right to cut the timber for commercial gain only if she could establish that she was economically challenged and needed the funds in order to maintain her lifestyle.
B)  The court ruled that the defendant was prohibited from cutting the timber for commercial gain unless she established that the market for timber was expected to decline significantly due to economic conditions.
C)  The court ruled that the defendant had a right to cut the timber only if at least 30 days' notice was given to the remaindermen.
D)  The court ruled that the defendant,as an ordinary life tenant,had no right to cut the timber for his or her own commercial gain.
E)  The court ruled that the defendant had a right to cut the timber for commercial gain.F) None of the above
G) A) and C)

Question 4

Unless specifically prohibited by the lease,a tenant is permitted to sublease leased property to another party.

Accepted Answer

A) True 
 B)False

Question 5

[Property Claims] Rayyan sells his home to Kayla and her mother,Bridget.The deed and documents of ownership held by Kayla and Bridget are written such that Kayla and Bridget may each sell or devise her interest in the property.Rayyan provides Kayla and Bridget with a general warranty deed.The deed and other documents of sale contain an easement giving Diego a right to cut across the property in order to obtain access to an adjoining lake.Diego had purchased the easement from Rayyan a few years earlier.After Kayla and Bridget moved in,they saw Diego cutting through the yard with his fishing pole.They told him to get out.He told them about the easement,but Kayla told him that she was the new owner and that she was not accepting it.The next week Ann,the next door neighbor,came over to visit and told Kayla and Bridget that she actually owned a good bit of the yard that was conveyed to Kayla in her deed from Rayyan and that she would like to sell it to Bridget and Kayla.Ann explained that some years prior to Rayyan's ownership,she had purchased the property from a previous owner.It turns out that Ann had actually recorded her interest,but it had been inadvertently missed when the property was sold to Kayla and Bridget.Kayla calls Rayyan and tells him to straighten out the problem with Ann.Rayyan tells her that he is finished with the property and that all problems now belong to her and Bridget.
-Which of the following is the most likely type of ownership held by Kayla and Bridget?

Accepted Answer

A)  Tenancy by form
B)  Tenancy by the entirety
C)  Family tenancy
D)  Tenancy in common
E)  Joint tenancyF) A) and C)
G) A) and E)

Question 6

Which of the following describes co-ownership by married couples allowing full ownership by the surviving spouse when the other spouse dies?

Accepted Answer

A)  Joined tenancy
B)  Tenancy in common
C)  Cooperative tenancy
D)  Tenancy by the entirety
E)  Joint tenancyF) B) and C)
G) C) and E)

Question 7

As set forth in the text,describe a cooperative including typical rules of governance and the penalty if a member violates the rules.

Accepted Answer

With a cooperative,the investor resident...

Question 8

When financing for a property purchase is needed,financing is often obtained by going to a financial institution and obtaining a loan to pay for the property in exchange for which the lender receives a security interest in the property called a title.

Accepted Answer

A) True 
 B)False

Question 9

Is Jaston responsible for the missing portion of rent payments?

Accepted Answer

A)  No,unless the amount of the payment is over $500.
B)  Yes,because the initial tenant is liable for rent payments throughout the entire term of the lease.
C)  No,unless the amount of the payment is over $5000.
D)  Yes,because Jaston failed to place the landlord on notice of the sublease.
E)  No,because there was an agreement between Jaston and the therapist.F) B) and D)
G) A) and B)

Question 10

Which of the following are promises voluntarily entered into by property owners by which the owners promise to use or not to use their land in particular ways?

Accepted Answer

A)  Restrictive covenants
B)  Zoning
C)  Approved use requirements
D)  Obligatory covenants
E)  Public use agreementsF) A) and D)
G) A) and E)

Question 11

Which of the following would be the most likely result regarding David's claim to ownership of the house upon Oscar's death?

Accepted Answer

A)  David would get the house as Oscar's child regardless of whether Oscar left it to him in the will.
B)  David would not receive the house upon Oscar's death because full ownership immediately passed to Leona.
C)  Because of the form of ownership held by Leona and Oscar,the will could have conveyed the house to David only if the house was specifically mentioned;therefore,since the will simply referenced property,David would not get the house.
D)  David would get ownership of the house,but he would have a duty to allow Leona to live there the remainder of her life.
E)  Regardless of the form of ownership held by Leona and Oscar,David would get the house because Oscar left all his property to David in his will.F) A) and E)
G) A) and D)

Question 12

Krystal buys a new house from Kiel and puts down $10,000 in earnest money.If Kiel accepts Krystal's offer,what happens to the earnest money?

Accepted Answer

A)  The earnest money will apply toward the purchase price.
B)  Kiel gets the earnest money.
C)  The earnest money is returned to Krystal.
D)  Kiel and Krystal divide the earnest money.
E)  The bank keeps the earnest money.F) C) and D)
G) A) and E)

Question 13

Rashon owns property next to Jenny's property and he has an easement to use her property.What type of easement does Rashon own?

Accepted Answer

A)  Easement in gross.
B)  Non-possessory easement.
C)  Easement appurtenant.
D)  Either an easement appurtenant or a non-possessory easement.
E)  Either an easement appurtenant or an easement in gross.F) None of the above
G) B) and D)

Question 14

Which type of estate is the most complete estate a person may have?

Accepted Answer

A)  Fee simple absolute
B)  Life
C)  Leasehold
D)  Future interest
E)  ConditionalF) A) and E)
G) A) and D)

Question 15

An owner of a ________ has a possessory interest but not an ownership interest.

Accepted Answer

A)  Leasehold
B)  Fee simple absolute
C)  Conditional estate
D)  Future interest
E)  Life estateF) C) and E)
G) B) and C)

Question 16

Creden follows all procedural steps in conveying his property to Adam.However,the deed does not state what type of interest is transferred to Adam.Adam claims he has a fee simple absolute,but Creden says it is a life estate because they agreed that he could only have it until he died? What type of estate does Adam own?

Accepted Answer

A)  Fee simple absolute,if that was what Creden had owned.
B)  Fee simple absolute is presumed,since the deed does not state otherwise.
C)  A life estate,if that is what they agreed upon.
D)  A conditional estate,since there is a discrepancy.
E)  Either a fee simple absolute or a life estate.F) C) and E)
G) C) and D)

Question 17

From the grantee's perspective,which of the following is the least desirable type of deed?

Accepted Answer

A)  Special warranty
B)  Specific
C)  Quitclaim
D)  General warranty
E)  ApprovedF) None of the above
G) All of the above

Question 18

Which of the following refers to a person's present right to future property ownership and possession?

Accepted Answer

A)  Life estate
B)  Future interest
C)  Leasehold estate
D)  Fee simple absolute
E)  Conditional estateF) A) and C)
G) B) and E)

Question 19

Andre's city has zoning regulations which govern the placement of a dwelling on property.Andre wants to build a new garage which would likely violate the zoning laws as it would extend beyond the space on which he is allowed to build a dwelling.What is Andre's best option if he wants to build the garage in that particular place on his property?

Accepted Answer

A)  Andre may seek a non-conforming use permit from the zoning board or planning commission,which is generally granted if he can show a legitimate private interest.
B)  Andre may seek a variance from the zoning board or planning commission,which is generally granted if he can show undue hardship.
C)  Andre has no option;he cannot build the garage where he wants to place it.
D)  If Andre owns the property without any restrictions,he can build the garage wherever he wants.
E)  Andre may file suit against his city.F) C) and D)
G) B) and E)

Question 20

May Jaston remove the dentist chairs and take them with him?

Accepted Answer

A)  Yes,because they are trade fixtures.
B)  Yes,because they can be easily removed and thus are not permanent fixtures to the property.
C)  No,they are attached to the real property and cannot be removed and taken by the tenant.
D)  No,if there is nothing in writing that states otherwise,Jaston may not remove the dentist chairs and take them with him.
E)  No,although they are used for Jaston's business,he may not remove them if the next lessee is also a dentist.F) A) and B)
G) B) and D)

Exam 49: Real Property

From the grantee's perspective,which of the following is the least desirable type of deed?

Correct Answer
verified

Is Jaston responsible for the missing portion of rent payments?

Correct Answer
verified

Krystal buys a new house from Kiel and puts down $10,000 in earnest money.If Kiel accepts Krystal's offer,what happens to the earnest money?

Correct Answer
verified

Under which of the following circumstances would a landlord be permitted to enter the leased property during the term of a lease?

Correct Answer
verified

As set forth in the text,describe a cooperative including typical rules of governance and the penalty if a member violates the rules.

Correct Answer
verified
With a cooperative,the investor resident...
View Answer

Correct Answer
verified

When financing for a property purchase is needed,financing is often obtained by going to a financial institution and obtaining a loan to pay for the property in exchange for which the lender receives a security interest in the property called a title.

Correct Answer
verified

Which of the following was the result on appeal in Sauls v.Crosby,the case in the text in which the court addressed whether a life tenant had a right to cut timber for the life tenant's commercial gain?

Correct Answer
verified

Which of the following refers to a person's present right to future property ownership and possession?

Correct Answer
verified

Correct Answer
verified

Which of the following would be the most likely result regarding David's claim to ownership of the house upon Oscar's death?

Correct Answer
verified

Which of the following describes co-ownership by married couples allowing full ownership by the surviving spouse when the other spouse dies?

Correct Answer
verified

Which type of estate is the most complete estate a person may have?

Correct Answer
verified

Which of the following are promises voluntarily entered into by property owners by which the owners promise to use or not to use their land in particular ways?

Correct Answer
verified

Unless specifically prohibited by the lease,a tenant is permitted to sublease leased property to another party.

Correct Answer
verified

Rashon owns property next to Jenny's property and he has an easement to use her property.What type of easement does Rashon own?

Correct Answer
verified

May Jaston remove the dentist chairs and take them with him?

Correct Answer
verified

Correct Answer
verified

What type of legal action,if any,can Max bring against Gil?

Correct Answer
verified

An owner of a ________ has a possessory interest but not an ownership interest.

Correct Answer
verified

Exam 49: Real Property

From the grantee's perspective,which of the following is the least desirable type of deed?

Correct AnswerverifiedShow Answer

Is Jaston responsible for the missing portion of rent payments?

Correct AnswerverifiedShow Answer

Krystal buys a new house from Kiel and puts down $10,000 in earnest money.If Kiel accepts Krystal's offer,what happens to the earnest money?

Correct AnswerverifiedShow Answer

Under which of the following circumstances would a landlord be permitted to enter the leased property during the term of a lease?

Correct AnswerverifiedShow Answer

As set forth in the text,describe a cooperative including typical rules of governance and the penalty if a member violates the rules.

Correct AnswerverifiedWith a cooperative,the investor resident...View AnswerShow Answer

Correct AnswerverifiedShow Answer

When financing for a property purchase is needed,financing is often obtained by going to a financial institution and obtaining a loan to pay for the property in exchange for which the lender receives a security interest in the property called a title.

Correct AnswerverifiedShow Answer

Which of the following was the result on appeal in Sauls v.Crosby,the case in the text in which the court addressed whether a life tenant had a right to cut timber for the life tenant's commercial gain?

Correct AnswerverifiedShow Answer

Which of the following refers to a person's present right to future property ownership and possession?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following would be the most likely result regarding David's claim to ownership of the house upon Oscar's death?

Correct AnswerverifiedShow Answer

Which of the following describes co-ownership by married couples allowing full ownership by the surviving spouse when the other spouse dies?

Correct AnswerverifiedShow Answer

Which type of estate is the most complete estate a person may have?

Correct AnswerverifiedShow Answer

Which of the following are promises voluntarily entered into by property owners by which the owners promise to use or not to use their land in particular ways?

Correct AnswerverifiedShow Answer

Unless specifically prohibited by the lease,a tenant is permitted to sublease leased property to another party.

Correct AnswerverifiedShow Answer

Rashon owns property next to Jenny's property and he has an easement to use her property.What type of easement does Rashon own?

Correct AnswerverifiedShow Answer

May Jaston remove the dentist chairs and take them with him?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What type of legal action,if any,can Max bring against Gil?

Correct AnswerverifiedShow Answer

An owner of a ________ has a possessory interest but not an ownership interest.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
With a cooperative,the investor resident...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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