TJ_Comp 20_TB_Ch49

TJ_Comp 20_TB_Ch49 - Chapter 49REAL PROPERTY TRUE/FALSE 1....

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Chapter 49—REAL PROPERTY TRUE/FALSE 1. Real property includes land, buildings and fixtures, and rights in the land of another. ANS: T MSC: AACSB Analytic 2. Technically, land is considered as extending downward to the earth's center and upward indefinitely. ANS: T MSC: AACSB Analytic 3. The Uniform Aeronautics Act states that international space law applies once one goes beyond the earth's atmosphere. ANS: F MSC: AACSB Analytic 4. An easement is not only a right in the land of another, but it is also a right that belongs to the land that is benefited. ANS: T MSC: AACSB Analytic 5. An easement may be created only by deed. ANS: F MSC: AACSB Analytic 6. The right to cut firewood from another's property would be termed a profit . ANS: T MSC: AACSB Analytic 7. A license is different from an easement in that it is a personal, revocable privilege to do something on the land of another. ANS: T MSC: AACSB Analytic 8. A license may be terminated at the will of the licensor. ANS: T MSC: AACSB Analytic 9. Liens on land may be created voluntarily by the owner of land or involuntarily against the wishes of the owner. ANS: T MSC: AACSB Analytic 10. A fixture is personal property that has been attached to the earth or placed in a building in such a way or under such circumstances that it has become part of the real property. ANS: T MSC: AACSB Analytic 11. Personal property that has become a fixture still is classified as personal property. ANS: F MSC: AACSB Analytic
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12. If the parties involved agreed that personal property would be considered a fixture, it would be deemed to be a fixture without application of legal tests. ANS: T MSC: AACSB Analytic 13. Personal property generally becomes a fixture if it is so attached to the realty that it cannot be removed without materially damaging the realty. ANS: T MSC: AACSB Analytic 14. The fact that an item may be unplugged indicates that an item is not a fixture. ANS: F MSC: AACSB Analytic 15. A trade fixture is a fixture that is traded in by the owner when purchasing new fixtures. ANS: F MSC: AACSB Analytic 16. Under a freehold estate, a person owns property only for a specified number of years. ANS: F MSC: AACSB Analytic 17. Under the common law, all parties entering on real property were owed the same duty of care. ANS: F MSC: AACSB Analytic 18. At common law, the occupier of land owed the same duty to both licensees and invitees. ANS: F MSC: AACSB Analytic 19. Small children are afforded additional protection against the trespass rule through the attractive-nuis- ance doctrine. ANS: T MSC: AACSB Analytic 20. Licensees are on the premises with the permission of the owner. ANS: T MSC: AACSB Analytic 21. A condominium is a combination of co-ownership and individual ownership. ANS: T
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TJ_Comp 20_TB_Ch49 - Chapter 49REAL PROPERTY TRUE/FALSE 1....

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