Chapter 8

Question 0

Real estate is?

Answer 0

Physical, tangible and immobile

Question 1

Littoral rights?

Answer 1

Property bordering non-flowing water such as an ocean, sea or lake

Question 2

Erosion?

Answer 2

Loss of soil that is carried away by water

Question 3

Accretion?

Answer 3

Increase in Land area as moving water deposit soil

Question 4

An item that was one’s personal property, but has been installed or attached to the land or building and became part of real estate is a?

Answer 4

Fixture

Question 5

There are five large stocks in the bundle of rights?

Answer 5

Possession, disposition, enjoyment, exclusion and control

Question 6

Fee simple estate?

Answer 6

Owner has a complete bundle of rights

Question 7

Estate im severalty

Answer 7

Sole ownership of the entire bundle of rights

Question 8

Tenancy in common?

Answer 8

A fee estate held by two or more persons. Equal or unequal shares of ownership. Owner dies, will descent to their heirs or will.

Question 9

Joint tenancy?

Answer 9

A fee estate share by two or more persons the must have equal and undivided interest and is the right of survivorship

Question 10

An estate for a husband and the wife only

Answer 10

Tenancy by entireties

Question 11

A fee simple’s estate conveys ownership to another, but only for the balance of the lifetime of the party to whom the property is conveyed

Answer 11

Life estate

Question 12

Tenancy for years?

Answer 12

Is a non-freehold estate with the tenant in lawful possession of the property under an agreement with the landlord for a specific period of time

Question 13

Tenancy at will?

Answer 13

A nonfreehold estate with the tenant in lawful possession of the property under an agreement with the landlord, but no definite time limit

Question 14

Tenancy at sufferance?

Answer 14

Is a nonfreehold estate which arises when a tenant occupies real estate of a landlord without an agreement. May be terminated by either landlord or tenant without notice

Question 15

Riparian rights?

Answer 15

Property borders on the flowing waterway such as river or stream

Question 16

Test used by court to determine whether an item is real or personal property include

Answer 16

Intent, relationship of the parties, method of annexation and Adaptation

Question 17

The head of household is only protected by

Answer 17

Constitution of homestead rights

Question 18

Intent of the parties

Answer 18

Reviewing the listing and sales contract to decide was real property by the court

Question 19

Relationship of the parties

Answer 19

The terms of the lease, improvements made by the tenant and removed at expiration of the lease.

Question 20

Method of annexation

Answer 20

How an article is attached to the property may be determine if the property is damaged if the article is removed

Question 21

Adaptation of the article

Answer 21

If the item attached is being used to fulfill the purpose and utility for which the building was constructed