5 Written questions
5 Matching questions
- Personal Property
- Real Property
- Examples of Tangible Personal Property
- a Written document that transfers ownership of real property from one person to another.
- b Occupation of land evidenced by visible acts such as enclosure, cultivation, the construction of improvements, or the occupancy of existing improvements.
- c Land and those things that are more or less permanently attached to the land, such as homes, office buildings and trees.
- d Automobiles, televisions and clothes.
- e Sometimes referred to as "chattels" or "goods." May include living objects, such as animals, and inanimate objects.
5 Multiple choice questions
- 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.
- Air conditioning units, dishwashers, shelving, counters.
- 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.
- The addition of possession periods by different adverse possessors.
5 True/False questions
Adverse Possession → Method of acquiring ownership to real property by possession for a statutory time period.
Will → Legal document by which a person disposes of his property. A will takes effect on the death of the maker of the will.
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.
Fee Simple Determinable → 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.