Question 1

If, rather that have the interest after the life estate go to a third party, the grantor dictates that the interest is to return to the grantor, this is _____.

Accepted Answer

A)   life estate
B)   estate for years
C)   reversion
D)   remainderE) None of the above
F) B) and D)

Question 2

The one who receives some personal property as a gift is called a _____.

Accepted Answer

A)   plaintiff
B)   donee
C)   grantee
D)   life tenantE) A) and D)
F) A) and C)

Question 3

Before the testator's death, the will can be revoked or property dispositions changed as often as the testator wishes.

Accepted Answer

A) True 
 B)False

Question 4

The lessee does not have title or ownership of the property that he has taken on leave, but only legal possession.

Accepted Answer

A) True 
 B)False

Question 5

Eminent domain is:

Accepted Answer

A)   the government's right to take property for government use while providing the owner with fair market value for the taking.
B)   the owner's right to sell the property at any price that he/she finds suitable.
C)   the tenant's right to buy the property after using it for a fixed number of years at market value.
D)   the owner's right to hold the property for a lifetime and then pass it on to a person who is not a relative of the owner.E) A) and B)
F) A) and C)

Question 6

What is real property?

Accepted Answer

Real property is land and anything perma...

Question 7

When an individual possesses another's land openly, notoriously, and treats it as his or her own for a period set forth in a statute (usually 21 years)  and the true owner makes no claim, the individual can petition the court to have title transferred into his or her name and become the owner of the property. Such a transfer of property is termed as _____.

Accepted Answer

A)   tenancy
B)   reversion
C)   adverse possession
D)   remainderE) B) and C)
F) A) and C)

Question 8

Which of the following statements is true regarding the trespass to personal property tort?

Accepted Answer

A)   To establish the tort, the tortfeasor should have harmed the property.
B)   It involves accidentally interfering with the possession and control of another's personal property.
C)   The trespass to personal property tort is more severe than conversion.
D)   Taking the property out of the owner or possessor's control is enough for the tort to be committed.E) A) and D)
F) A) and B)

Question 9

Whish of the following statements is most likely to be true regarding lost property?

Accepted Answer

A)   It is a personal property to which an owner has relinquished all right and title.
B)   It can be acquired by someone only through a validly executed will.
C)   The finder has superior claim to the property against all except the true owner.
D)   The owner of the premises where the property is found is entitled to claim the property.E) A) and B)
F) A) and C)

Question 10

The grantor can have the transferee hold the land for a period less than the grantee's life. This property estate is known as _____.

Accepted Answer

A)   reversion
B)   fee simple
C)   adverse possession
D)   estate for yearsE) All of the above
F) C) and D)

Question 11

Discuss sole ownership.

Accepted Answer

If title to the property is held by only...

Question 12

The one who makes a will is called a _____.

Accepted Answer

A)   testator
B)   tenant
C)   donor
D)   grantorE) A) and B)
F) All of the above

Question 13

A _____ is a legal document that gives title to the property to the owner.

Accepted Answer

A)   will
B)   summons
C)   covenant
D)   deedE) None of the above
F) B) and C)

Question 14

Mike deeds his house to his daughter Samantha for her life and once Samantha dies the house goes to a charitable trust. This is an example of the _____ type of property interest.

Accepted Answer

A)   reversion
B)   life estate
C)   remainder
D)   tenantE) A) and C)
F) A) and B)

Question 15

A donee who receives a valid completed gift can sell it to someone else.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements is true regarding estate for years?

Accepted Answer

A)   The grantee of the estate for years has the land only for the period for which it is granted to him/her.
B)   The grantee of the estate for years can sell the land to someone else.
C)   The grantee of the estate for years can grant the land to someone else for life estate.
D)   The grantee of the estate for years can bequeath the land to someone else through a will.E) A) and B)
F) A) and C)

Question 17

_____ is a form of holding property that is specific to married couples.

Accepted Answer

A)   Sole ownership
B)   Joint tenants with right of survivorship
C)   Tenants by the entirety
D)   Tenants in commonE) None of the above
F) A) and D)

Question 18

The life tenant only owns the land during the measuring life and the measuring life may be that of the life tenant or someone else.

Accepted Answer

A) True 
 B)False

Question 19

A lost property is a personal property:

Accepted Answer

A)   that is acquired by someone through a validly executed will.
B)   that has been placed somewhere by the owner or rightful possessor and he or she has forgotten where the property is located.
C)   to which an owner has relinquished all right and title has been abandoned.
D)   that the owner has accidentally allowed to leave his or her possession and control.E) B) and D)
F) A) and D)

Question 20

The first to claim mislaid personal property acquires title to the personal property and becomes the owner of the property.

Accepted Answer

A) True 
 B)False

Exam 7: Property, Real and Personal

What is real property?

Correct Answer
verified
Real property is land and anything perma...
View Answer

Which of the following statements is true regarding estate for years?

Correct Answer
verified

The grantor can have the transferee hold the land for a period less than the grantee's life. This property estate is known as _____.

Correct Answer
verified

Whish of the following statements is most likely to be true regarding lost property?

Correct Answer
verified

Eminent domain is:

Correct Answer
verified

The one who receives some personal property as a gift is called a _____.

Correct Answer
verified

The one who makes a will is called a _____.

Correct Answer
verified

If, rather that have the interest after the life estate go to a third party, the grantor dictates that the interest is to return to the grantor, this is _____.

Correct Answer
verified

Which of the following statements is true regarding the trespass to personal property tort?

Correct Answer
verified

Discuss sole ownership.

Correct Answer
verified
If title to the property is held by only...
View Answer

Correct Answer
verified

A donee who receives a valid completed gift can sell it to someone else.

Correct Answer
verified

The first to claim mislaid personal property acquires title to the personal property and becomes the owner of the property.

Correct Answer
verified

Mike deeds his house to his daughter Samantha for her life and once Samantha dies the house goes to a charitable trust. This is an example of the _____ type of property interest.

Correct Answer
verified

_____ is a form of holding property that is specific to married couples.

Correct Answer
verified

The lessee does not have title or ownership of the property that he has taken on leave, but only legal possession.

Correct Answer
verified

Before the testator's death, the will can be revoked or property dispositions changed as often as the testator wishes.

Correct Answer
verified

The life tenant only owns the land during the measuring life and the measuring life may be that of the life tenant or someone else.

Correct Answer
verified

A lost property is a personal property:

Correct Answer
verified

A _____ is a legal document that gives title to the property to the owner.

Correct Answer
verified

Exam 7: Property, Real and Personal

What is real property?

Correct AnswerverifiedReal property is land and anything perma...View AnswerShow Answer

Which of the following statements is true regarding estate for years?

Correct AnswerverifiedShow Answer

The grantor can have the transferee hold the land for a period less than the grantee's life. This property estate is known as _____.

Correct AnswerverifiedShow Answer

Whish of the following statements is most likely to be true regarding lost property?

Correct AnswerverifiedShow Answer

Eminent domain is:

Correct AnswerverifiedShow Answer

The one who receives some personal property as a gift is called a _____.

Correct AnswerverifiedShow Answer

The one who makes a will is called a _____.

Correct AnswerverifiedShow Answer

If, rather that have the interest after the life estate go to a third party, the grantor dictates that the interest is to return to the grantor, this is _____.

Correct AnswerverifiedShow Answer

Which of the following statements is true regarding the trespass to personal property tort?

Correct AnswerverifiedShow Answer

Discuss sole ownership.

Correct AnswerverifiedIf title to the property is held by only...View AnswerShow Answer

Correct AnswerverifiedShow Answer

A donee who receives a valid completed gift can sell it to someone else.

Correct AnswerverifiedShow Answer

The first to claim mislaid personal property acquires title to the personal property and becomes the owner of the property.

Correct AnswerverifiedShow Answer

Mike deeds his house to his daughter Samantha for her life and once Samantha dies the house goes to a charitable trust. This is an example of the _____ type of property interest.

Correct AnswerverifiedShow Answer

_____ is a form of holding property that is specific to married couples.

Correct AnswerverifiedShow Answer

The lessee does not have title or ownership of the property that he has taken on leave, but only legal possession.

Correct AnswerverifiedShow Answer

Before the testator's death, the will can be revoked or property dispositions changed as often as the testator wishes.

Correct AnswerverifiedShow Answer

The life tenant only owns the land during the measuring life and the measuring life may be that of the life tenant or someone else.

Correct AnswerverifiedShow Answer

A lost property is a personal property:

Correct AnswerverifiedShow Answer

A _____ is a legal document that gives title to the property to the owner.

Correct AnswerverifiedShow Answer

Correct Answer
verified
Real property is land and anything perma...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
If title to the property is held by only...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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