Legal Aspects of Real Estate: Q4/Chp 7-9

Question 1

1) An instrument conveying a possessory interest in real estate which allows the tenant to exclusively occupy the premises in exchange for rent is called a:
a. license.
b. lease.
c. servient tenement.
d. grant.

Answer 1

b. lease.

Question 2

2) When an individual makes substantial expenditures to improve their use of another person’s property in reliance on the oral consent of the property owner, the license becomes:
a. irrevocable.
b. revocable.
c. invalid.
d. unenforceable.

Answer 2

a. irrevocable.

Question 3

3) __________ refer to a landowner’s incidental property right to withdraw water from an adjacent river for beneficial use on their riparian land.
a. Appropriation rights
b. Prescriptive rights
c. Riparian rights
d. Overlying rights

Answer 3

c. Riparian rights

Question 4

The right to use riparian water is a(n) __________ and incidental right attached to the ownership of real estate.

a. appurtenant
b. unreasonable
c. percolatory
d. correlative

Answer 4

a. appurtenant

Question 5

5) Similar to appropriation rights, prescriptive rights may be lost by abandonment after __________ years.
a. two
b. three
c. four
d. five

Answer 5

d. five

Question 6

6) An agreed boundary, which remains in place for more than __________ years, is binding on subsequent owners even if the recorded legal description is different.
a. two
b. three
c. four
d. five

Answer 6

d. five

Question 7

7) Written or oral agreements on a boundary’s location are called __________ since they are not implied.
a. implied agreements
b. express agreements
c. uncertain agreements
d. probable agreements

Answer 7

b. express agreements

Question 8

8) The agreed-boundary doctrine can be used to:
a. convey property.
b. establish an agreed-to boundary when the true boundary line is uncertain.
c. steal property.
d. All of the above.

Answer 8

b. establish an agreed-to boundary when the true boundary line is uncertain.

Question 9

9) An owner who plans to construct, replace or maintain a boundary fence needs to provide a __________ written notice to the affected adjoining property owners.
a. 3-day
b. 1-year
c. 30-day
d. 24-hour

Answer 9

c. 30-day

Question 10

10) Shrubbery or trees whose trunks stand partly on the land of two adjacent property owners are called:
a. line trees.
b. common boundary trees.
c. appurtenances.
d. Both a. and b.

Answer 10

d. Both a. and b.