Chapter 2 (Textbook) Quiz: Introduction to Real Estate

Question 1

Which group of explorers and colonizers set up presidios and pueblos in the early days of California?

a. Mexican
b. British
c. Spanish
d. Native-American

Answer 1

c. Spanish

Question 2

Which of the following is not considered to be part of the bundle of rights?

a. own property
b. pay taxes
c. enjoy
d. encumber

Answer 2

b. pay taxes

Question 3

Which of the following is considered land and, therefore, is real estate?

a. oil deposits beneath the surface
b. harvested crops
c. trade fixtures
d. reasonable airspace above the land

Answer 3

d. reasonable airspace above the land

Question 4

The right of the owner of land bordering on a river to use the river water in a reasonable manner is called:

a. appropriation rights
b. take-out rights
c. riparian rights
d. subjacent privileges

Answer 4

c. riparian rights

Question 5

Wall-to-wall carpeting in a single-family dwelling is usually considered to be:

a. a fixture
b. a chattel
c. removable
d. separate property

Answer 5

a. a fixture

Question 6

Which of the following is considered appurtenant to the land and upon sale or other transfer stays with the land and is not taken by the former owner?

a. stock in a mutual water company
b. trade fixtures
c. an easement
d. both a and c

Answer 6

d. both a and c

Question 7

All other things being equal, in a dispute between a buyer and a seller over a fixture, the courts tend to favor:

a. the seller
b. the buyer
c. the one with the most money
d. neither party

Answer 7

b. the buyer

Question 8

In what year was California granted statehood?

a. 1821
b. 1846
c. 1848
d. 1850

Answer 8

d. 1850

Question 9

The main feature of personal property is:

a. its title transferred by a deed
b. its immobility
c. its value is always less than that of real property
d. its mobility

Answer 9

d. its mobility

Question 10

Which two terms do not belong together?

a. bundle of rights–use and enjoyment
b. real property–land
c. reasonable use–water rights
d. personal property–easement

Answer 10

d. personal property–easement

Question 11

Ownership of water rights to flowing water such as river are known as:

a. underground water rights
b. appropriation rights
c. riparian rights
d. fixtures

Answer 11

c. riparian rights

Question 12

Unless otherwise noted, mineral rights:

a. transfer with the land
b. are the personal property of the owner
c. are always reserved by the former owner
d. never carry an implied right to enter the land for extraction

Answer 12

a. transfer with the land

Question 13

Freestanding items like washers, dryers, refrigerators, and stoves are considered to be:

a. real property
b. personal property
c. fixtures
d. emblements

Answer 13

b. personal property

Question 14

The right of the state to give permission to a non-riparian owner to take water from a river or lake is called a:

a. riparian right
b. possessor right
c. percolating right
d. right of appropriation

Answer 14

d. right of appropriation

Question 15

Which mineral is not considered capable of absolute or exclusive ownership until reduced to possession?

a. gold
b. oil
c. iron
d. silver

Answer 15

b. oil

Question 16

Chattel is also known as:

a. fixtures
b. real estate
c. personal property
d. real property

Answer 16

c. personal property

Question 17

Which of the following is not considered a test of a fixture?

a. relationship of the parties
b. method of financing
c. intention of the parties
d. method of attachment

Answer 17

b. method of financing

Question 18

Personal property that is attached to the land in such a manner that it becomes part of the real property is called a(n):

a. fixture
b. chattel
c. trade fixture
d. emblement

Answer 18

a. fixture

Question 19

Arnold and Sally are tenants in an apartment. They permanently build shelves into the wall of the kitchen without permission from the terms of the landlord and outside the terms of their lease. When they move, the shelves will probably be considered:

a. trade fixtures
b. personal property
c. appurtenances
d. real property

Answer 19

d. real property

Question 20

Garcia leases a retail store and operates a jewelry business. When she moves, her business machines and shelves will probably be considered:

a. trade fixtures
b. real property
c. appurtenances
d. separate property

Answer 20

a. trade fixtures