chp 3 test

Question 1

An item of personal property after being attached to real property is known as a...?
A Fixture
B Emblement
C Trade Fixture
D Real Estate

Answer 1

fixture

Question 2

This is defined as the soil, earth, and ground, which is the result of nature or man-made, as well as an indefinite extent upward into the air, and downward in a direct line from the surface to the center of the earth...?
A Land
B Real Estate
C Real Property
D Personal Property

Answer 2

land

Question 3

This is defined as land, and generally whatever is erected upon or affixed thereto, including but not limited to buildings, structures, landscaping, and fences...?
A Land
B Real Estate
C Real Property
D Personal Property

Answer 3

Real Estate

Question 4

Estate –

Answer 4

The degree, quantity, nature, and extent of interest that a person has in real and personal property (includes everything one owns).

Question 5

Freehold Estate –

Answer 5

A right of title to land.

Question 6

Fee Simple Estate –

Answer 6

Absolute ownership of real property; a person has this type of estate where the person is entitled to the entire property with unconditional power of disposition during the person’s life and descending to the person’s heirs or distributees.