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Business Law Study Set 4
Quiz 24: Real Property
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Question 1
True/False
In community property states,land acquired during marriage will be deemed community property.
Question 2
True/False
Real property includes land but does not include residential buildings and permanent structures.
Question 3
True/False
The term "estate" is used to describe the nature of an individual's ownership interest in real property.
Question 4
True/False
A fee simple absolute gives a person the right to possess and use property for a time measured by his or another person's lifetime.
Question 5
True/False
When a tenant in common dies,his interest in the property does not automatically transfer to the other tenants in common.
Question 6
True/False
The owner of a tract of real property owns the air above it and the minerals below its surface.
Question 7
True/False
Typically,landowners bring public nuisance actions.
Question 8
True/False
Alex executed a deed in favor of Baxter which conveys in his favor whatever title he has at the time he executes the deed.This deed is called a warranty deed.
Question 9
True/False
To acquire title to property by adverse possession,the adverse possessor must continuously use the property for a statutorily prescribed period of time.
Question 10
True/False
An easement by necessity is created when real property once held in common ownership is subdivided in such a fashion that the only reasonable way a new owner can gain access to her land is through passage over another's land that was once part of the same tract.
Question 11
True/False
A fixture is an attached item that is considered to be part of the real property.
Question 12
True/False
The implied warranty of habitability amounts to a guarantee that the house is free of latent defects that would render it unsafe or unsuitable for human habitation.
Question 13
True/False
Remote control devices used for automatic garage doors are examples of fixtures.
Question 14
True/False
One requirement of a joint tenancy is that the co-owners must be married.
Question 15
True/False
An easement is a transfer of ownership of real property from one person to another.
Question 16
True/False
A restrictive covenant may no longer be valid if the circumstances surrounding the need for the covenant drastically change.
Question 17
True/False
A deed that provides notice to the public at large about the grantee's property interest is called a recorded deed.
Question 18
True/False
Mr.Green sneaks into a hunting property owned by Mr.Blue.Mr.Green builds a basic structure that is hidden from plain view.Ten years later,Mr.Green files for title of the property.A court will reject Mr.Green's assertion of ownership of the property.