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5 Written Questions

5 Matching Questions

  1. Estate for Years
  2. Waste
  3. Devise
  4. Conveyance
  5. Life Estate
  1. a Transfer of real property by means of a last will and testament.
  2. b The 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.
  3. c Estate of real property the duration of which is for a definite period.
  4. d Action or nonaction that causes a loss of value to real property.
  5. e Estate of real property the duration of which is measured by the life or lives of one or more persons.

5 Multiple Choice Questions

  1. The addition of possession periods by different adverse possessors.
  2. Estate of real property with infinite duration and no restrictions on use. Highest and best kind of estate an owner can have.
  3. Sometimes referred to as "chattels" or "goods." May include living objects, such as animals, and inanimate objects.
  4. Written document that transfers ownership of real property from one person to another.
  5. 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.

5 True/False Questions

  1. Tangible Personal PropertyProperty that represents a set of rights that have no existence but that do represent control or ownership of something of value.

          

  2. FixtureAction or nonaction that causes a loss of value to real property.

          

  3. Examples of Tangible Personal PropertyAutomobiles, televisions and clothes.

          

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

          

  5. WillLegal document by which a person disposes of his property. A will takes effect on the death of the maker of the will.

          

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