CHAPTER 7-2

Question 1

A PERSON’S PRESENT RIGHT TO AN INTEREST IN REAL PROPERTY THAT WILL NOT RESY STATE IN POSSESSION OR ENJOYMENT UNTILL SOME TIME IN THE FUTURE” RE-ENTRY “

Answer 1

FUTURE INTEREST

Question 2

THE LEGAL LIFE ESTATE OF A FAMILY HOME PROTECTED FROM UNSECURED CREDITORS

Answer 2

HOMESTEAD

Question 3

A FROM OF LIFE ESTATE ESTABLISHED BY STATE LAW, RATHER THAN CREATE VOLUNTARILY BY SOME OWNER

Answer 3

LEGAL LIFE ESTATE

Question 4

A PRIVILEGE OR RIGHT GRANTED TO A PERSON BYA STATE TO OPERATED AS A REAL ESTATE BROKER OR SALESPERSON

Answer 4

LICENSE

Question 5

A RIGHT GIVEN BY LAW TO CERTAIN CREDITORS TO HAVE THEIR DEBTS PAID OUT OF THE PROPERTY OF A DEFAULTING DEBTOR

Answer 5

LIEN

Question 6

THE GOVERNMENT RIGHT TO IMPOSE LAWS, STATUTES, AND ORDINANCES, INCLUDING ZONING ORDINANCE, AND BUILDING CODES, TO PROTECT THE PUBLIC HEALTH, SAFTY AND WELFARE

Answer 6

POLICE POWER

Question 7

THE DOCTRINE THAT THE RIGHT TO USE WATER, WITH THE EXCEPTION OF LIMITED DOMESTIC USES, IS HELD AND CONTROLLED BY STATES

Answer 7

PRIOR APPROPRIATION

Question 8

THE PERSON TO WHOM PROPERTY PASS WHEN A LIFE ESTATE ENDS

Answer 8

REMAINDER INTEREST

Question 9

THE REMNANT OF AN ESTATE THAT THE GRANTOR HOLDS AFTER GRANTING A LIFE ESTATE TO ANOTHER PERSON

Answer 9

REVERSIONARY INTEREST

Question 10

A CHARG IMPOSTED ON REAL ESTATE TO RAISE FUNDING FOR GOVERNMENT SERVICES

Answer 10

TAXATION