Area 1 Flashcards
1
Q
Which is most like a grant deed? BILL OF SALE Security agreement Financing Statement Balance Sheet
A
a. Bill of Sale
2
Q
Which are considered as being real property? buildings on foundations easements artificial articles immovable by law all of the above
A
d. all above
3
Q
Which of the following would be considered APPURTENANT to real property? TRADE FIXTURES furniture stock in a mutual water company inventory
A
c Only stock in a mutual water company which creates a real property right.
4
Q
Which is appurtenant to the land? stock in a mutual water company public utility easement all liens deed of trust (trust deed)
A
a Appurtenances identify “benefits to the land that transfer with the land”. The others would encumber the land.
5
Q
Which of the following would be considered to "run with the land"? covenant's easements stock in a mutual water company all of the above
A
d This means when the land transfers these rights, benefits and obligations also transfer.
