LAW CHP6 Flashcards
The fullest and most complete real property ownership interest is called a
a. defeasible fee.
b. fee simple absolute.
c. leasehold estate.
d. life estate.
b. fee simple absolute.
X granted R a life estate in some property. When R dies, the property will pass to B or B’s heirs. B is called the
a. measuring life.
b. primary owner.
c. remainderman.
d. reversionary owner.
c. remainderman.
Trents a house. The lease gives T the right to occupy the house from August 1, 2010 through December 31, 2010. This is called a(n)
a. estate for years.
b. periodic tenancy.
c. tenancy at will.
d. tenancy pur autre vie.
a. estate for years.
A nonpossessory interest in real property is also called a(n)
a. encumbrance.
b. leasehold estate.
C. license.
d. servient tenement.
a. encumbrance.
An easement allows the present and any future owner of Lot D to drive across a neighbor’s (Lot S) property to reach her own. This is a(n)
a. appurtenant easement.
b. defeasible easement.
c. easement in gross.
d. encroachment.
a. appurtenant easement.
B’s property has an easement appurtenant that allows B to hunt on the neighbor’s land. When the neighbor sells his land to B, the easement terminates through
a. abandonment.
b. destruction of the dominant tenement.
c. failure of purpose.
d. merger.
d. merger.
Which is an involuntary, specific lien?
a. easement created by express agreement
b. judgment lien
c. mechanic’s lien
d. mortgage
c. mechanic’s lien
When liens are paid off out of the proceeds of foreclosure sale,
a. a judgment lien generally has lowest priority.
b. a lien for delinquent property taxes always has highest priority.
c. a mortgage always has highest priority.
d. priority depends on the amount of the lien.
b. a lien for delinquent property taxes always has highest priority.
The proceeds of a foreclosure sale did not yield
enough money to pay off the first mortgage holder.
The mortgage holder
a. can file a mechanic’s lien or a materialman’s lien, depending on why the original lien was granted.
b. can seek a deficiency judgment against the debtor by filing a separate court action.
c. could choose to transfer the mortgage interest to another piece of property owned by the debtor.
d. has absolutely no recourse against the debtor because only the piece of property with a lien on it was subject to foreclosure.
b. can seek a deficiency judgment against the debtor by filing a separate court action.
Y owns some land in Ohio. X started living on Y’s land in 2000. The soonest that X could acquire the title by adverse possession is
a. 2015.
b. 2016.
C. 2021.
d. 2025.
C. 2021.
