FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 23: Real and Personal Property

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 21

Multiple Choice

Review LaterAdd Note

Review Later

Italo owns one hundred acres of fertile bottomland.With respect to the land,Jana has an easement and Kessler has a profit.A right to possess the bottomland is owned by

A) Italo.
B) Jana.
C) Kessler.
D) all of the choices,in proportion to the value of their respective interests.

E) A) and B)
F) A) and C)

Correct Answer

verified

Show Answer

Question 22

Multiple Choice

Review LaterAdd Note

Review Later

Angie voluntarily transfers her prize-winning horse Beaux to Cady without consideration.Provided all of the requirements are met,this is acquisition of property by

A) conversion.
B) production.
C) possession.
D) gift.

E) B) and D)
F) None of the above

Correct Answer

verified

Show Answer

Question 23

Multiple Choice

Review LaterAdd Note

Beryl owns Campus Apartment House.His ownership rights include the right to sell or give away the property without restriction,as well as to use the property for whatever purpose he sees fit.His ownership interest is

Quarry Company owns a gravel pit next to land owned by Ridgeline Corporation.Access to the pit is limited to a road on Ridgeline's property.Quarry's right to drive its trucks on the road is

The most important factor in determining whether an item is a fixture is the perception of a disinterested third party.

Society's interest in ensuring that real property remains in the stream of commerce is one of the reasons for the doctrine of adverse possession.

Gene leaves her Honda Fit with In-Town Motors for routine maintenance.On its return,the interior of the car is greasy and the exterior is scratched and dented.Who suffers the loss and why?

Zoning laws enable a local governmental subdivision-a city,for example-to control the speed and type of development within its borders.

A license is a personal privilege that cannot be withdrawn or revoked.

Urban City wants to acquire undeveloped private land within the city limits to construct a public park.The city brings a condemnation proceeding to obtain title to the land.This is

Because no one can actually hold a piece of land,certain rights and duties are recognized to constitute the ownership interests in real property.

Frank tells Gala that she can camp on Frank's beach and swim in his lake whenever she wants.With respect to the right to camp and swim,

The rights of the owner to the subsurface of a piece of land would have little value if the owner could not use the surface to exercise those rights.

Sabine subdivides two acres into two residential lots.Only one of the lots has a well for water.Tamer and Ulrich each buy a lot-Ulrich's lot is the one without a well.Because Ulrich needs water,a profit arises by

The condemnation power of the government to take land for a public use is known as the right of adverse possession.

To be a fixture,an item of personal property must be physically attached to the land in some way.

Equipment Inc.and Freight Transport Inc.own adjacent land.Equipment's storage garage encroaches on Freight's property.After three decades,Freight files a suit against Equipment,seeking removal of the garage.Under the doctrine of adverse possession,the court is most likely to rule that

The law protects a person's rights and interests in anything with an ascertainable value that is subject to ownership.

Managing the land within a community to encourage sustainable and organized development while controlling growth in a manner that serves the interests of the community is the purpose of

When a joint tenant dies,his or her interest in the property passes to his or her chosen heirs.