Chapter 49_SmithandRoberson14ed_tb

Chapter 49_SmithandRoberson14ed_tb - Chapter 49Interests in...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 49—Interests in Real Property TRUE/FALSE 1. A possessory interest in real property is called an estate. ANS: T PTS: 1 2. Possessory interests in property include profits à prendre and easements. ANS: F PTS: 1 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. ANS: T PTS: 1 4. Eviction must be actual. ANS: F PTS: 1 5. If Taylor conveys property “to Baines for life” and makes no disposition of the remainder of the estate, Taylor holds the reversion. ANS: T PTS: 1 6. A tenancy at sufferance is created after the tenant's lease has expired. ANS: T PTS: 1 7. Some states hold landlords liable for injuries their tenants and others suffer as a result of the foresee- able criminal conduct of third parties. ANS: T PTS: 1 8. If the lease is silent on the subject, a tenant may assign his lease. ANS: T PTS: 1 9. An assignment is made when the tenant transfers control of part of his entire interest in the leased property to a third party. ANS: F PTS: 1 10. Under the common law, a landlord is under an obligation to provide or maintain the premises in a liv- able condition. ANS: F PTS: 1 11. If Gil assigns his lease to Jim, Gil has no further obligations to his landlord. ANS: F PTS: 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
12. If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent. ANS: F PTS: 1 13. If a clause in a lease says the tenant cannot sublet, he can still assign the lease. ANS: T PTS: 1 14. If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent. ANS: T PTS: 1 15. Most state statutes permit a landlord to evict a tenant for nonpayment of rent. ANS: T PTS: 1 16. All other estates are derived from the fee simple estate. ANS: T PTS: 1 17. The holder of a qualified fee interest may not transfer the property by deed or will. ANS: F PTS: 1 18. If Tom and Tim are joint tenants, they each own a specific half of the property. ANS: F PTS: 1 19. To create a joint tenancy, both tenants must acquire title by the same instrument. ANS: T PTS: 1 20. Community property does not include a ring owned by the wife prior to the marriage. ANS: T PTS: 1 21. An easement describes a limited possessory interest in the land. ANS: F PTS: 1 22. An easement that is appurtenant passes to the new owner of the land. ANS: T PTS: 1 23. An easement in gross is personal to the one individual who obtained that right and will not pass to an- other owner of the property. ANS: T PTS: 1 24. When an owner of land subdivides it into lots and records the plat of the subdivision, he is held by some statutes but not by common law to have dedicated to the public all streets, alleys, parks, play- grounds, and beaches shown on the plat.
Background image of page 2
ANS: F PTS: 1 25. All interests in property that can be conveyed carry the right to immediate possession.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/28/2011 for the course ACTG 355 taught by Professor Helenroe during the Fall '10 term at Conception.

Page1 / 11

Chapter 49_SmithandRoberson14ed_tb - Chapter 49Interests in...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online