5 Written questions
5 Matching questions
- Examples of Tangible Personal Property
- Intangible Personal Property
- Examples of Fixtures
- a Action or nonaction that causes a loss of value to real property.
- b Ability to acquire ownership to real property because of one's kinship to a deceased property owner who dies without a will.
- c Air conditioning units, dishwashers, shelving, counters.
- d Automobiles, televisions and clothes.
- e Property that represents a set of rights that have no existence but that do represent control or ownership of something of value.
5 Multiple choice questions
- Item of personal property that becomes real property because of its attachment to the land of a building.
- Estate 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.
- Estate of real property with infinite duration and no restrictions on use. Highest and best kind of estate an owner can have.
- 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.
- Written document that transfers ownership of real property from one person to another.
5 True/False questions
Possession → Transfer of real property by means of a last will and testament.
Estate for Years → Estate 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.
Personal Property → Sometimes referred to as "chattels" or "goods." May include living objects, such as animals, and inanimate objects.
Real Property → Land and those things that are more or less permanently attached to the land, such as homes, office buildings and trees.
Conveyance → Ability to acquire ownership to real property because of one's kinship to a deceased property owner who dies without a will.