Monday, April 8, 2013

Ch. 7 Questions- Jason Davies

1. (T/F). Testate means that when you die you die without a valid will.

2. (T/F). Estates can be classified as two things, freehold or leasehold.

3. (T/F). Restrictive covenants can be defined as developer created rules and regulations that go above and beyond government requirements.

4. (T/F). Someone can gain adverse possession, also called squatter rights, by occupying a property for a statutory period of time, without the owner's permission.

5. (T/F). Devisable can be defined as the right to transfer property rights while the owner is alive.

6. Which of the following items is typically considered not to be a fixture?
a. Ceiling Fans
b. Garage Door Assembly
c. Built-in Custom Refrigerator
d. Washer & Dryer

7. Which of the following requirements does not need to be met when in regards to Eminent Domain?
a. Due Process
b. Just Compensation
c. Regulatory Taking
d. Public Use

8. In determining if an item is a fixture, which of the following would you not consider?
a. Location of the item
b. Manner of Attachment
c. Test of Adaptability
d. Intent of the parties

1. F 2. T 3. T 4. T 5. F 6. D 7. C 8. A

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