Chapter 1 Test Review

Question 1

The term property refers to

Answer 1

the rights or interests in the thing owned

Question 2

Which of the following is considered real property?

a. Lumber
b. airspace
c. unharvested crops under a prior sales contract
d. landfill soil being hauled

Answer 2

b. land includes the surface and the space above and beneath for an infinite distance and is included with land. lumber, crops and landfill sol are moveable personal property

Question 3

which of the following is considered personal property

a. mineral rights
b. leasehold estates
c. all improvements to land
d. trees growing in a natural forest

Answer 3

b. mineral rights, improvements to land, and trees growing in a forest are real property. a leasehold estate, also known as a less-than-freehold estate, is personal property of the tenant.

Question 4

Which of the following is considered personal property?

a. Improvements
b. apple trees
c. emblements
d. trees growing in a natural forest

Answer 4

c. the fruit from orchards in a commercial grove and crops, which are grown and cultivated annually for sale are called emblements. Emblements, or fructus industralies, are crops produced by human labor such as lettuce, grapes etc. Emblements are personal property, owned by tenants, as well as fee owners.