Chap022 - Chapter 022 : Real and Personal Property Chapter...

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Chapter 022 : Real and Personal Property Chapter 022 : Real and Personal Property Student: ___________________________________________________________________________ 1. Automobiles, furniture, clothing, and pets are not considered tangible goods. BT: Comprehension PO: 1 True False 2. Personal property, such as trees or shrubbery purchased at a nursery, become real property when they are planted. BT: Knowledge PO: 2 True False 3. A person who finds property has no legal responsibility to make an effort to return the property to its rightful owner. BT: Knowledge PO: 3 True False 4. An object that has not been intentionally left in the custody of someone else and then forgotten is considered lost, not mislaid. BT: Knowledge PO: 3 True False 5. In an area that is open to the public, the finder can, under no circumstances, gain ownership of a found object than is the owner of the land. BT: Knowledge PO: 3 True False
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6. A joint tenancy exists when two or more persons own equal shares of property. BT: Knowledge PO: 4 True False 7. The distinction of tenancy in common is that an owner's interest passes to the person who shares the ownership at the time of his or her death. BT: Knowledge PO: 4 True False 8. Property acquired by either one of the spouses during a marriage is considered community property. BT: Knowledge PO: 4 True False 9. Rights to land include the airspace above the land to an indefinite height, subject to the rights of aircraft in flight that do not pose a hazard to persons or property on the land. BT: Knowledge PO: 5 True False 10. Items of personal property added to real property are fixtures. BT: Knowledge PO: 5 True False 11. The right to extract minerals, such as oil or coal, from land is known as subterranean rights . BT: Knowledge PO: 5 True False 12. A leasehold estate is an ownership, with the right to possess real property, subject to the provisions of a lease. BT: Knowledge PO: 6 True False
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13. If real property is transferred from A to B for B 's lifetime, and B dies, the property is then returned to A, if he or she is still alive, or to A 's heirs. BT: Evaluation PO: 6 True False 14. The transfer of real property is, in many ways simpler than the transfer of personal property. BT: Knowledge PO: 7 True False 15. For title to pass through adverse possession it need not be proved that there was actual and exclusive continuous possession or use of the property. BT: Knowledge PO: 7 True False 16. The term _________ includes, in addition to land, both tangible and intangible personal property. A. intestacy B. property C. patent D. real 17. Patents, rights to drill for oil on someone's land, and copyrights of creative works such as books are: A. special possessions. B. tangible possessions.
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This note was uploaded on 09/25/2011 for the course GENB 4350 taught by Professor Louis during the Spring '11 term at Houston Baptist.

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Chap022 - Chapter 022 : Real and Personal Property Chapter...

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