Chapter 1 Flashcards
real property can be most completely defined as
land, affixed to land, appurtenances, immovable by law
under the Treaty of Guadalupe Hidalgo in 1848, the United States acquired the territory of California from
Mexico
1 acre equals
43560 square feet
Property Owners whose land borders of river have rights to a reasonable use of water is known as
riparian rights
airspace directly above a parcel of land is considered to be
real property
how many sections are in a Township
36
A deeded easement of right-of-way over the land of another is considered to be
an appurtenance
an investor leases a building to a tenant who then opens a retail store. the tenant installs a cash register. the cash register is best described as
a trade fixture
an owner sells land, but reserves the mineral rights. Based on this which of the following is true
the mineral rights are the real property of the grantor
which of the following is considered to be personal property
stock in a mutual water company
a legal term referred to as real property includes all of the following except
and unlimited use of airspace above the property
which of these statements most nearly defines personal property
and unharvested Peach crop sold to a canning Factory
the rights of an owner are referred to as the bundle of rights. Which of these is not one of those rights
and unrestricted right to use of riparian waters
courts frequently have to make a decision as to whether some item does or does not go with the real property when it is sold. And making their decision they use the five tests of a fixture. Which of these following is not a test of a fixture
whether the property is being taxed
which of the following is false?
Landscaping is considered personal property