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Q:
Mineral Products Corporation, which owns no land, has a right to mine the copper from Natural Resource Company's land. Mineral's right is
a. a leasehold estate.
b. a license.
c. an easement.
d. a profit.
Q:
Utility Power Company has the right to run its power lines across Velma's land. This is
a. a license.
b. an easement.
c. a profit.
d. a tenancy at sufferance.
Q:
Mix-It Concrete Company has the right to enter Nim's land and remove the rock from Nim's quarry. This is
a. a fee simple absolute.
b. a license.
c. an easement.
d. a profit.
Q:
Region Construction Company has a right to drive its trucks across Staple Business, Inc.'s property, which is adjacent to Region's office. This right is
a. a leasehold estate.
b. a license.
c. an easement.
d. a profit.
Q:
Cow Country Corporation (CCC) sells half of its land to the Double R Ranch. On the land is a reservoir. In the deed, CCC retains the right to remove a limited amount of water per day from the reservoir. This right is
a. a leasehold estate.
b. a license.
c. an easement.
d. a profit.
Q:
With respect to Egor's land, Fig has an easement, Gabe has a profit, and Huck has a license. A right to possess the land is owned by
a. Egor.
b. Fig.
c. Gabe.
d. Huck.
Q:
Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, including extracting silver from an existing mine, for life. Patsy also has the right to lease the land for a period not to exceed her life. Patsy's ownership interest is
a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
d. the power of eminent domain.
Q:
Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses.
Nika conveys some of her land to Reggie with the right to possess and use the property for a certain period of time. Nika has given Reggie
a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
d. an easement.
Q:
Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses.
Nika deeds some of her land to Polly. The deed states, "To Polly, for life, then to Quay." Nika has given Polly
a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
d. an easement.
Q:
Nika owns land in Ohio. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses.
Nika's ownership interest is
a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
d. an easement.
Q:
Bakri owns a house. In the house, on a tile floor is a throw rug. Most likely to meet the definition of a fixture is
a. the house.
b. the throw rug.
c. the tile floor.
d. none of these choices.
Q:
William owns a field where he grows cotton. When William sells the field to Grace, he includes the cotton that is growing in the field. This sale is governed by
a. the Uniform Commercial Code.
b. common law.
c. real property law.
d. personal property law.
Q:
Lucky owns Mud Flats Ranch, which is situated on certain Nevada acreage. The exterior boundaries of the land extend
a. 100 feet into the earth and 100 feet into the atmosphere.
b. one mile into the earth and one mile into the atmosphere.
c. to infinity and beyond.
d. to the center of the earth and up to the farthest reaches of the atmosphere.
Q:
Jack owns the surface rights for Rocky Ridge Ranch, but does not own the subsurface rights. Ginny owns the subsurface rights. Rocky Ridge Ranch has a historic barn, which is damaged when Ginny is excavating minerals from the ranch. Who is most likely responsible for the damage to the barn?
a. Ginny only
b. Jack only
c. Ginny and Jack
d. no one
Q:
Marshall owns a piece of land, but James owns the mineral rights to Marshall's land. James wishes to sell the mineral rights. James
a. cannot sell the mineral rights.
b. can only sell the mineral rights if Marshall agrees.
c. must give Marshall 30 percent of the proceeds of the sale of the mineral rights.
d. can sell the mineral rights without consulting Marshall.
Q:
Phil owns a farm in South Dakota. He does not like it when planes from the local airport fly over his property. Phil is unlikely to win a case claiming that airplanes flying over his land violate his property rights unless
a. the planes fly over more than twice a day.
b. he can prove there are more efficient routes for the planes to take.
c. the flights are low and frequent and cause direct interference with Phil's enjoyment of the land.
d. the planes belong to private individuals.
Q:
Jacob owns five acres of land in northern California. On his land Jacob has a house and a toolshed. There are ten large maple trees around the house that were there when Jacob bought the land. Since buying the land, Jacob has planted an apple tree. Jacob's real property includes
a. the house and toolshed only.
b. the house only.
c. the house, toolshed and maple trees only.
d. the house, toolshed, maple tress and apple tree.
Q:
Even after a tenant sublets leased premises, the tenant may be obligated to pay rent.
Q:
Even after a tenant assigns a lease, the tenant may be obligated to pay rent.
Q:
When a landlord sells leased premises to a third party, any existing leases terminate automatically.
Q:
A tenant cannot withhold rent for any reason.
Q:
Generally, a tenant must pay agreed-to rent even if the tenant moves out.
Q:
The implied warranty of habitability does not apply to substantial physical defects that a landlord has had a reasonable time to repair.
Q:
A tenant is responsible for all damage to leased premises.
Q:
A tenant has a duty to maintain in a reasonably safe condition those areas under his or her control.
Q:
A tenant is not responsible for the ordinary wear and tear of leased premises.
Q:
Constructive eviction occurs when a tenant moves off the premises in retaliation against the landlord.
Q:
A lease is enforceable even if the premises are intended for an illegal purpose.
Q:
Under the covenant of quiet enjoyment, a landlord promises that a tenant will not be disturbed in the possession of the premises.
Q:
Generally, contract doctrines apply to a landlord-tenant relationship.
Q:
The possession of land without right is a tenancy at will.
Q:
A landlord is usually required to give some period of notice to terminate a periodic tenancy.
Q:
A fixed-term tenancy is created when a lease does not specify its duration.
Q:
Under the power of eminent domain, the government may take private property only for private use, not for public benefit.
Q:
For a party to take by adverse possession, the party's possession must not be open, visible, or notorious.
Q:
A recording statute allows deeds to be recorded to give notice to the public.
Q:
A special warranty deed provides the most protection against defects of title.
Q:
A warranty deed provides the most protection against defects of title.
Q:
In most states, the seller of a new house warrants that it is fit for habitation.
Q:
Real estate sales contract are often made contingent on the buyer obtaining financing.
Q:
A license is the revocable right of a person to come onto another person's land.
Q:
An easement arises when the owner of one piece of land occupies the real property of a neighbor and eventually acquires title to it.
Q:
A profit is the right to make limited use of another person's real property without taking anything from the property.
Q:
An easement can be created by prescription.
Q:
Life tenants are persons who share ownership rights simultaneously.
Q:
The owner of a fee simple absolute has the right to use property for whatever purpose he or she sees fit.
Q:
In a fee simple absolute, the owner has the greatest aggregation of rights, privileges, and power possible.
Q:
A contract for the sale of commercial realty should indicate what items are included in the sale.
Q:
An item cannot be a fixture unless it is physically attached to the land.
Q:
Plant life is not considered to be real property.
Q:
Land includes the artificial structures attached to it.
Q:
The owner of real property has relatively exclusive rights to the airspace above the land.
Q:
Derrick buys a hunting license and goes hunting. He shoots a deer, cleans it, and takes it back to his truck. He takes the deer to town and has the meat processed. Derrick's acquisition of the deer is by
a. possession.
b. a bailment.
c. confusion.
d. production.
Q:
Fred and Joanne are married. Joanne purchases a car. Fred and Joanne each technically own an undivided one-half interest in the car. This is
a. a joint tenancy.
b. fee simple ownership.
c. community property.
d. illegal.
Q:
Rocco gives Sequoia a smartphone as a gift. Sequoia develops a new game app for the phone. She obtains intellectual property protection, and forms Titan Games, LLC, to make and market the game. Sequoia's acquisition of the game is by
a. gift.
b. accession.
c. confusion.
d. production.
Q:
Klondike and Leola own 10,000 shares of stock in My-T Gro Corporation. On the death of either owner, that owner's interest in the stock passes to the surviving owner. This is
a. a joint tenancy.
b. community property.
c. a tenancy in common.
d. ownership in fee simple.
Q:
Edna and Flavia buy a boat that they dock in a marina near Gulfport, Mississippi. On the death of either owner, that owner's interest in the boat passes to her heirs. This is
a. a joint tenancy.
b. community property.
c. a tenancy in common.
d. ownership in fee simple.
Q:
T.J. owns a red sports car. T.J. can use the car as he wishes and he can also dispose of it if he wishes. When T.J. dies, the car will descend to his son. With respect to the car, T.J. is
a. a joint tenant.
b. a tenant in common.
c. an owner in fee simple.
d. an owner of community property.
Q:
Which of the following is considered personal property?
a. Stocks and bonds
b. Land
c. A garage
d. A boundary fence
Q:
Roslyn is an inventor. She has many tools, including a hammer, a handsaw and a drill. Roslyn has a patent on her most recent invention and she owns stock in Handy Appliances, Inc., which is a company that often uses her inventions. Roslyn's tangible personal property includes the
a. hammer, handsaw and drill.
b. Handy Appliances stock only.
c. patent on her invention only.
d. Handy Appliances stock and the patent on her invention.
Q:
Sara has a flat-screen TV, a Blu-ray disc player, set of computer games and an investment portfolio that includes stock in the Internet game company Zynga. Sara's intangible property includes
a. the TV and Blu-ray player.
b. the computer games.
c. the Zynga stock.
d. the TV only.
Q:
Faye owns the land on which Golden Spurs Ranch is situated, plus the ranch house, barn, and other structures permanently attached to the land. Faye's brother Huey owns everything else in the ranch's operationlivestock, feed, and so on. The personal property is owned by
a. Faye and Huey.
b. Faye only.
c. Golden Spurs Ranch.
d. Huey only.
Q:
Helen owns heavy construction equipment and the tools to service it, as well as office furniture, including computers. Ilya owns a number of patents, trademarks that identify the products made under those patents, and stock in the company that sells those products. Personal property includes the items owned by
a. Helen and Ilya.
b. Helen only.
c. Ilya only.
d. neither Helen nor Ilya.
Q:
In most bailments, the bailee can retain the goods given by the bailor and return equivalent property.
Q:
A bailee must exercise reasonable care in preserving the bailed property.
Q:
A bailment must be in writing to be valid.
Q:
Constructive delivery satisfies the delivery requirement for an effective bailment.
Q:
Airline passengers are subjects of a bailment.
Q:
Most bailments are created by agreement, but not necessarily by contract.
Q:
In a bailment, possession of the property is transferred to the bailee.
Q:
For an effective bailment, the bailor must deliver possession of the bailed property with its title.
Q:
A finder of abandoned property acquires title to it, and the title is good against the whole world, including the original owner.
Q:
Property voluntarily discarded by its owner with no intention of reclaiming it is abandoned property.
Q:
A finder acquires title to mislaid property good against the whole world, including the true owner.
Q:
A finder of mislaid property is an involuntary bailee.
Q:
Property voluntarily placed by its owner and inadvertently forgotten is mislaid property.
Q:
Confusion of fungible goods results in the owners' loss of their rights in the property.
Q:
Adding value to a piece of personal property by labor or materials is accession.
Q:
A gift causa mortis is effective only if the donor dies and the donee lives.
Q:
A gift to a dying donee is a gift causa mortis.