Chapter 1 Flashcards
Property is defined as:
a. the rights or interests that a person has in the thing owned
b. freehold estates
c. only personal property
d. things that buyers and sellers own
the rights or interests that a person has in the thing owned.
The initials RSS refer to:
a. Really Specific Systems
b. Really Simple Syndication
c. Reference Section Specifics
d. none of the above
Really Simple Syndication
“Potable water” refers to:
a. well water on the property
b. water suitable for irrigation
c. water suitable for drinking
d. water suitable for cooking
water suitable or drinking
Which of the following would normally be considered real property?
a. Trade Fixtures
b. chattel reals
c. vegetation
d. Deeds of trust
c. Vegetation
The ownership of personal property in transferred by using a:
a. grant deed
b. financing statement
c. trust deed
d. bill of sale
Bill of sale
A loan secured by personal property usually consists of:
a. a financing statement and trust deed
b. a promissory note and a trust deed
c. FHA or VA insurance
d. a security agreement
A security agreement
Which of the following is not a test for a fixture?
a. Adaptability
b. Agreement
c. Cost and size of the item
d. Intention
Cost and size of the item
CA has how many principal intersections of base line and meridian lines?
a. One
b. Two
c. Three
d. Four
Three
A township contains:
a. one square mile only
b. a six mile by six mile square of land
c. 36 square miles
d. both b and c
Both b and c
A commercial acre is:
a. an acre of land used only for agricultural purposes
b. an acre of land where industrial building is situated
c. an acre of land where retail buildings are situated
d. an acre less the amount of land dedicated for public improvements (sidewalks, alleys, etc.)
an acre less the amount of land dedicated for public improvements (sidewalks, alleys, etc.)
Propert is defined as:
a. the rights or interests that a person has in the thing owned.
b. freehold estates
c. only personal property.
d. things that buyers and sellers own
the rights or interests that a person has in the thing owned.
The initials RSS refer to:
a. Really Specific
System
b. Really Simple Syndication
c. Reference Section specifics
d. none of the above.
Really Simple Syndication
“Potable water” refers to:
a. well water on the property
b. water suitable for irrigation
c. water suitable for drinking
d. water suitable for cooking
water suitable for drinking
Which of the following would normally be considered real property?
a. Trade fixtures
b. Chattel reals
c. Vegetation.
d. deeds of trust
Vegetation
The ownership of personal property is transferred by using a:
a. grant deed
b. financing statement
c. trust deed
d. bill of sale
bill of sale
A loan secured by personal property usually consists of:
a. a financing statement and trust deed
b. a promissory note and a trust deed
c. FHA or VA insurance
d. a security agreement
a security agreement
Which of the following is NOT a test for a fixture?
a. Adaptability
b. Agreement
c. Cost and size of the item
d. Intention
Cost and size of the item
California has how many principal intersections of base lines and meridian lines?
a. one
b. two
c. three
d. four
three
A township contains:
a. one square mile only
b. a six-mil by six-mile square of land
c. 36 square miles
d. both b and c
both b and c
A commercial acre is:
a. an acre of land used only for agricultural purposes
b. an acre of land where an industrial building is situated
c. an acre of land where retail buildings are situated
d. an acre less the amount of land dedicated for public improvements (sidewalks, alleys, etc.).
an acre less the amount of land dedicated for public improvements (sidewalks, alleys, etc.).
