Chapter 1 HW (Property) Flashcards

1
Q
1. All of the following items are personal property EXCEPT: *
A. trade fixtures.
B. a privacy fence.
C. patio furniture
D. portable dishwasher
A

a privacy fence

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2
Q

A seller wishes to remove certain shrubs planted in the front yard and not include them in the sales price of the home. *

A

The seller may do so only if permission for the removal is specifically stated in the sales contract.

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3
Q

A permanent addition to a building is: *

A

Real property

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4
Q

The transfer of land ownership automatically includes: *

A

Fixtures

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5
Q

Water rights along a large, navigable lake or ocean are known as: *

A

littoral rights.

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6
Q

Water table refers to the: *

A

level at which percolating water is found below the earth’s surface.

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7
Q
Of the following items which is considered real property?
A.Natural things movablel by law
B. Notes secured by mortgages on real 
    estate
C. Riparian rights
D. House plants
A

Your Answer: C. Riparian rights

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8
Q
All of the following are appurtenances EXCEPT:
A. riparian rights.
B. a garage.
C. an apple orchard.
D. trade fixtures.
A

Your Answer: D. trade fixtures.

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9
Q

Real property is changed into personal property by:

A

Your Answer: B. severance.

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10
Q

Which of the following would be considered an artificial monument when used in a metes and bounds legal description?

A

A fence corner

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11
Q

An adequate metes and bounds description must have all of the following EXCEPT:

A. a definite point of beginning.
B. four sides.
C. closure
D. linear measurements and compass directions.

A

four sides.

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12
Q

The point of beginning on a plat of survey is marked with reference to a:

A

benchmark.

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13
Q

If a man has 6 acres of land and deeds 3/4 of it to a son and the remainder to a nephew, how many square feet of land does the nephew acquire?

A

65,340

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14
Q

How many cubic feet of space is there in a warehouse that is 610 feet wide by 140 feet deep and has an 18 foot ceiling?

A

1,537,200

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15
Q

Which of the following would be acceptable on a sales contract?

A

Legal description attached and made a part hereof by reference

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16
Q

When it is necessary to prepare a new metes and bounds description, it should be done by:

A

a licensed surveyor

17
Q

You have a prospective purchaser for a home, and the listing agent has not been able to provide you with a legal description. Which statement describes your best course of action?

A

Find the legal description yourself at the courthouse or on the computer

18
Q

If the only land description you have provided on your offer is the street address:

A

this contract is probably unenforceable.

19
Q

A metes and bounds description must have all of the following EXCEPT:
A. a definite point of beginning.
B. the name of the county and state.
C. the approximate square footage or acreage.
D. compass directions and distances from one point to the next.

A

the approximate square footage or acreage.

20
Q

A metes and bounds description might be insufficient if: I. it does not have enough sides to close. II. it is irregular in shape.

A

Only I is true