Chp. 8 Quiz - Estates & Interests

Question 1

Water rights would be classified as

Answer 1

surface rights.

Question 2

Legal life estates are created by

Answer 2

state law.

Question 3

In addition to the land and all of the structures attached to the land, what else is considered real property?

Answer 3

The bundle of rights

Question 4

Which right allows a property owner to prosecute trespassers?

Answer 4

Right to exclude

Question 5

Which of the following is NOT an act of waste?

Answer 5

Maintaining landscape features

Question 6

Which of the following best defines accretions?

Answer 6

Any increase in the land mass that results from the deposit of soil by water or wind action

Question 7

Surface rights include

Answer 7

water rights.

Question 8

When is a plant considered personal property?

Answer 8

When it requires human involvement

Question 9

The estate of a deceased tenant in severalty

Answer 9

passes to heirs by probate.

Question 10

Which of the following is an intangible component within the bundle of rights attached to land ownership?

Answer 10

Encumber

Question 11

Which of the following is not included in “land”?

Answer 11

Structures on the earth’s surface

Question 12

What type of organization provides the liability advantages of a corporation, without the regulations corporations must deal with?

Answer 12

LLC

Question 13

Which ownership right allows for the donation of property?

Answer 13

To transfer

Question 14

If an owner wants an antique chandelier to remain personal property, what must he or she do?

Answer 14

Have the intention of removing it when he or she sells the home
Never install it permanently
List it as a personal item when the property sells
[Any of the above]

Question 15

Water rights are included in which other right?

Answer 15

Surface rights

Question 16

Tenancy in common allows for

Answer 16

any number of people to be co-tenants in a single property.

Question 17

Brothers Jim and Frank jointly hold a parcel of land. The property is held in

Answer 17

co-ownership.

Question 18

When may an owner transfer water rights separate from the land?

Answer 18

Never

Question 19

Which of the following is NOT a real property right?

Answer 19

Expand

Question 20

Littoral rights include

Answer 20

land ownership up to the high-water mark.

Question 21

Riparian rights refer to

Answer 21

rights of a property that abuts a stream or river.

Question 22

Which of the following terms refers to the rights of a property that abuts a stream or river?

Answer 22

Riparian

Question 23

Mary wants to indicate that her property will serve as a camp for foster children. What type of estate does Mary want?

Answer 23

Qualified Fee Simple

Question 24

Which of the following best describes personal property?

Answer 24

Is readily moveable from one location to another