Chapter 2 Quiz Sample

Chapter 2 Quiz Sample - Principles of California Real...

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Principles of California Real Estate Chapter 2 Quiz 1. A leasehold interest is owned by a: A. lessee B. lessor C. life tenant D. remainderman 2. Earl and Merle own a property together with undivided interests, without the right of survivorship. This would be considered: A. joint tenancy B. tenancy in common C. severalty D. a periodic estate 3. Two business partners purchase property together as joint tenants. One partner then deeded her share of the property to herself and her husband. In this situation: A. the two partners continue to hold title as joint tenants, while the husband is a tenant in common B. all three parties are now joint tenants C. title is now held as community property D. the joint tenancy is terminated 4. If a married couple wants to take title in a manner that guarantees the right of survivorship, they should take title in: A. severalty B. community property C. joint tenancy D. tenancy in common 5. Sam has a proprietary lease on an apartment in a cooperative project. He makes monthly payments that include his proportionate share of principal, interest, taxes, insurance, and
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Chapter 2 Quiz Sample - Principles of California Real...

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