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5 Written Questions

5 Matching Questions

  1. Life Estate
  2. Waste
  3. Examples of Fixtures
  4. Deed
  5. Fee Simple (Fee Simple Absolute)
  1. a Estate of real property the duration of which is measured by the life or lives of one or more persons.
  2. b Written document that transfers ownership of real property from one person to another.
  3. c Estate of real property with infinite duration and no restrictions on use. Highest and best kind of estate an owner can have.
  4. d Air conditioning units, dishwashers, shelving, counters.
  5. e Action or nonaction that causes a loss of value to real property.

5 Multiple Choice Questions

  1. A form of adverse possession where the original possession of the property by a prescriber is based upon a written instrument such as a deed or a court decree.
  2. Exists when a fee simple is subject to a power in the grantor (person who conveyed the fee) to recover the conveyed estate on the happening of a specified event.
  3. Transfer of real property by means of a last will and testament.
  4. Land and those things that are more or less permanently attached to the land, such as homes, office buildings and trees.
  5. Item of personal property that becomes real property because of its attachment to the land of a building.

5 True/False Questions

  1. ConveyanceThe transfer of title of some of all of the ownership rights to real property from one person to another. A conveyance is usually by instrument such as a deed, lease, or mortgage.

          

  2. Examples of Intangible Personal PropertyAutomobiles, televisions and clothes.

          

  3. Fee Simple DeterminableEstate of real property with infinite duration and no restrictions on use. Highest and best kind of estate an owner can have.

          

  4. Estate at WillEstate of real property the duration of which is for n indefinite period. An estate at will can be terminated at the will of the parties.

          

  5. Tangible Personal PropertyProperty that has a physical substance- something you can hold, see or hear.

          

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