property

Question 1

T/F: A tentant for life is entitled to all the ordinary uses and profits of the land during his life?

Answer 1

T

Question 2

“so long as”

Answer 2

FSD

Question 3

“while”

Answer 3

FSD

Question 4

“during”

Answer 4

FSD

Question 5

an FSD terminates upon the happening of a stated event and what happens with the grantor

Answer 5

it automatically reverts – FSDPOR

Question 6

“provided that”

Answer 6

FSSCS

Question 7

“but if”

Answer 7

FSSCS

Question 8

“upon condition that”

Answer 8

FSSCS

Question 9

An FSSCS comes with …

Answer 9

the right of re-entry but grantor has DISCRETION to cut the estate short

Question 10

T/F FSSCS comes with automatic right of re-entry

Answer 10

False, grantor has discretion and must expressly reserve the right

Question 11

Life estates with an accompanying future interest by O

Answer 11

reversion

Question 12

Life estates with an accompanying future interest by 3rd party

Answer 12

remainder

Question 13

T/F: when an executory interest is stricken, the grant becomes a FSD with possibility of reverter

Answer 13

T

Question 14

Is the possibility of reverter subject to RAP?

Answer 14

No

Question 15

The existence of an easement breaches the covenant against

Answer 15

encumbrances

Question 16

A grantee being evicted by a 3rd party with paramount title breaches the covenant of

Answer 16

quiet enjoyment

Question 17

What is a profit?

Answer 17

an allowance to enter the servient tenement and remove substances from the land

Question 18

What is a profit appurtenant?

Answer 18

when the benefit is to the dominant estate
It cannot be transferred

Question 19

What is a profit in gross?

Answer 19

does not exist to serve the dominant estate and can be transferred independently

Question 20

What is an easement in gross

Answer 20

allows you to enter land and use it but NOT remove anything from the land

Question 21

When can either side of a land sale demand performance?

Answer 21

once the land sale agreement is entered

Question 22

T/F: Once you obtain property via adverse possession you can also transfer it to others

Answer 22

False, must go to court and obtain quiet title

Question 23

when there is a mistake as to the description in a deed, what takes precedent?

Answer 23

The physical description takes precedent over the quantity description

Question 24

What are the 6 warranties given in a general warranty deed?

Answer 24

3 present covenants: seisin, conveyance, encumbrances
3 future covenants: quiet enjoyment, warranty, further assurances

Question 25

When a person assumes a mortgage what is their relationship with the prior owner?

Answer 25

They are jointly and severally liable with them to the creditor

Question 26

If a co-tenant improves the property how much in contribution can he demand?

Answer 26

Nothing because co-tenants have no duty to improve and cannot force contribution for costs of improvements

Question 27

Once a deed is delivered can it be canceled?

Answer 27

No, to get interest back the deed would need to be reconveyed

Question 28

do real covenants run with the land?

Answer 28

yes