5 Written questions
5 Matching questions
- Fee Simple on Condition Subsequent
- Fee Simple Determinable
- a 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.
- b Ability to acquire ownership to real property because of one's kinship to a deceased property owner who dies without a will.
- c In regard to water law, doctrine stating that water belongs to the person who first makes beneficial use of it.
- d Legal document by which a person disposes of his property. A will takes effect on the death of the maker of the will.
- e Ownership in real property that is limited to expire automatically on the happening or nonhappening of an event that is stated in the deed of conveyance or the will creating the estate.
5 Multiple choice questions
- Method of acquiring ownership to real property by possession for a statutory time period.
- Property that has a physical substance- something you can hold, see or hear.
- 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.
- Air conditioning units, dishwashers, shelving, counters.
- The addition of possession periods by different adverse possessors.
5 True/False questions
Examples of Tangible Personal Property → Automobiles, televisions and clothes.
Examples of Intangible Personal Property → A certificate of stock, bonds, patents, copyrights and intellectual property rights, such as software
Life Estate → Item of personal property that becomes real property because of its attachment to the land of a building.
Devise → Written document that transfers ownership of real property from one person to another.
Types of Modern Day Estates in Real Property → Fee Simple (Fee Simple Absolute), Fee Simple Determinable, Fee Simple on Condition Subsequent, Life Estate, Estate for Years, Estate at Will.