Wednesday, March 2, 2011

Chapter 7

1) A lien is a claim on real property as security for a debt or for some monetary obligation.

True / False

2) A common form of joins ownership where each partner has an undivided interest in the entire property is called ownership in severalty.

True / False

3) The property’s market value, at the lowest and worst use, at the time of the taking is called just compensation.

True / False

4) The process through which government exercises the right of eminent domain is called condemnation.

True / False

5) Police powers is a police’s right to regulate private health, safety, and welfare of the public.

True / False

6) An item that was once personal property but has been affixed or adapted to the real property that is now real property, is called

a) Trade fixture

b) Fixture

c) Buy fixture

d) Personal property

7) What is the individual right in real property?

a) Surface rights

b) Air rights

c) Subsurface right

d) all of the above are real property rights

8) What are the two main classifications of easements?

a) Easement appurtenant and easement in gross

b) Easement appurtenant and conservation easement

c) Conservation easement and easement in gross

d) none of the above


True, False, False, True, False, b), d), a)

1 comment:

  1. The format you went with did not post very well. But you do have excellent questions. Good luck on the exam.