cheeseman_buslaw7_tif_48

cheeseman_buslaw7_tif_48 - 48 REALPROPERTY 1 The surface...

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1) The surface rights and the subsurface rights for the same parcel of real property can be owned by two different persons. Answer: TRUE Diff: 1 Topic: Real Property 2) In theory, mineral rights to land can extend to the center of the earth. Answer: TRUE Diff: 1 Topic: Real Property 3) In order for fixtures to be included in a sale of a building, the contract must so provide. Answer: FALSE Diff: 1 Topic: Real Property 4) Plant life that is severed from the land is considered personal property. Answer: TRUE Diff: 1 Topic: Real Property 5) The concept of real property involves the physical aspects of the land, such as trees, grass, and bushes. Answer: FALSE Diff: 1 Topic: Real Property 6) Radio towers and bridges are considered to be real property. Answer: TRUE Diff: 2 Topic: Real Property 22 REAL PROPERTY  48
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7) Cultivated plant life is not considered to be real property. Answer: FALSE Diff: 2 Topic: Real Property 8) Throw rugs and furniture are classified as fixtures. Answer: FALSE Diff: 2 Topic: Real Property 9) Property rights do not exist in air space parcels. Answer: FALSE Diff: 2 Topic: Real Property 10) An estate is a large dwelling on land. Answer: FALSE Diff: 1 Topic: Estates in Land 11) A freehold estate is one in which the owner has a future interest in land. Answer: FALSE Diff: 1 Topic: Estates in Land 12) The highest form of land ownership is a fee simple absolute. Answer: TRUE Diff: 2 Topic: Estates in Land 13) Land held in fee simple absolute has no limitations on inheritability or duration. Answer: TRUE Diff: 1 Topic: Estates in Land 14) Fee simple defeasible can be thought of as complete ownership with a limitation, which if violated, results in the loss of the property. Answer: TRUE Diff: 1 Topic: Estates in Land 23
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15) A life estate cannot be transferred. Answer: FALSE Diff: 1 Topic: Estates in Land 16) A person's ownership rights in real property are called an estate. Answer: TRUE Diff: 1 Topic: Estates in Land 17) If Bob holds a life estate and sells it to Sally, the life estate will terminate upon Sally's death. Answer: FALSE Diff: 2 Topic: Estates in Land 18) A life tenant may not mortgage the property in which he has a life estate. Answer: FALSE Diff: 2 Topic: Estates in Land 19) A life estate tenant must keep the property in repair and pay property taxes. Answer: TRUE Diff: 1 Topic: Estates in Land 20) Co-ownership of real property is known as concurrent ownership. Answer: TRUE Diff: 1 Topic: Concurrent Ownership 21) In joint tenancy, any owner may transfer her interest without the consent of the other joint tenants. Answer: TRUE Diff: 1 Topic: Concurrent Ownership 22) The right of survivorship is a feature of joint tenancy. Answer: TRUE Diff: 1 Topic: Concurrent Ownership 24
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23) Any provision in a decedent's will that mentions the disposition of property held in joint tenancy will not be effective. Answer:
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cheeseman_buslaw7_tif_48 - 48 REALPROPERTY 1 The surface...

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