Chapter 6: Estates and Interests REVIEW QUESTIONS Flashcards
The most complete ownership recognized by law is a(n)
fee simple estate.
Herbert Kramer devises a parcel of land to Princeton University “so long as it is used for an experimental farm.” Two years after Kramer’s death, the university begins to build a cafeteria on the land. In this case,
Kramer’s heirs automatically become owners.
Which one of the following BEST describes a life estate?
An estate conveyed to A for the life of Z, and on Z’s death to B
Matilda inherited her cousin’s house, but it is hers only as long as the dog, Skippy, is alive, well, and living in the house. When Skippy dies, the house goes to her cousin’s grandson. The cousin’s grandson is a
remainderman.
Dora Black owns a house and wants to sell it. Her husband, Henry, must also sign the sales contract if
it is their family home
Encumbrances include all of the following EXCEPT
estates
Deed restrictions are created by a
seller.
In certain circumstances, the owner of landlocked property can go to court and request a permanent right to go over a neighbors land for access in the form of an
easement by necessity.
Mary buys a house and automatically receives the same right the seller had to use a party wall. Mary owns an
easement.
The right to run a power line across the back of someone’s property is an example of an easement
in gross.
John owns a small country house and gives a neighboring farmer permission to plant crops on the two acres around his house. John changes his mind and decides to put in a lawn. He may withdraw the permission because the farmer had only a(n)
license
A license is an example of a(n)
encumbrance
Two adjacent buildings share a central wall. This wall is known as a(n)
party wall
Which of the following is considered a lien on real estate?
An unpaid mortgage loan
Which of the following correctly defines a lis pendens?
A recorded notice of possible future legal action against a property
