Principle Lesson 4

Principle Lesson 4 - Lesson 4 Cumulative Quiz 1. The owner...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Lesson 4 Cumulative Quiz 1. The owner of Lot B has an access easement across Lot A. Then the owner of Lot B buys Lot A. The easement is terminated through: A. merger 2. When the proceeds of a foreclosure sale aren't enough to pay off all of the liens against the property: B. the lien with highest priority is paid off first, even if there is no money left over for the other liens 3. Mr. and Mrs. Lang own a house together. Mrs. Lang records a Declaration of Homestead on the house, without obtaining Mr. Lang's signature. The house is worth $300,000, and $215,000 remains to be paid on a first deed of trust. If a creditor obtains a judgment against the Langs, the creditor: D. may not foreclose because the net value of the homesteaded property is less than the exemption 4. An easement is a type of: A. nonpossessory interest 5. An easement created through long-term use of land without the permission of the owner is an easement by: A. prescription 6. The parcel of land that receives the benefit of an easement appurtenant is called the:
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/29/2012 for the course REAL 1 taught by Professor Haynes during the Fall '11 term at West Valley.

Page1 / 3

Principle Lesson 4 - Lesson 4 Cumulative Quiz 1. The owner...

This preview shows document pages 1 - 2. Sign up to view the full document.

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