Section 8 Multiple Choice Flashcards
Betty rented a property from Landlord Larry. While living there, Betty installed a hot tub on the terrace. While she was moving out, Larry showed up and prevented the movers from taking the hot tub. Upon going to court, which of the following is NOT a legal test a judge would use to determine whether the hot tub stays with the property?
1) Intent of the parties
2) Method or degree of attachment
[A] 3) Whether the item added value to the real estate
4) Adaptation of the item
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[Section 8B, Slide 28]
Which tenancy has right of survivorship?
1) Tenancy in common
[A] 2) Joint tenancy
3) Tenancy by hardship
4) Sole Ownership
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[Section 8C, Slide 71]
What interest does a son hold in property, if the mother held a life estate inherited from her spouse, with the son inheriting upon her death?
1) Tenancy in common
2) Life estate
3) Joint tenancy
[A] 4) Remainder estate
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[Section 8C, Slide 33]
A leasehold estate is NOT what?
1) An interest in real property that a tenant possesses.
2) A tenancy with a specific period of time.
3) An agreement that can be terminated with appropriate notice
[A] 4) Ownership interest
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[Section 8D, Slide 60 & Section 8C, Slide 100]
Which item would not be classified as a fixture?
1) Recessed lighting
2) Built in shelves
[A] 3) Kitchen table
4) Bath tub faucet
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[Section 8B, Slides 25 & 26]
Subsurface rights not sold with the property could retain what kind of rights?
1) A lake
2) A running stream
3) The basement
[A] 4) Oil or minerals
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[Section 8A, Slide 40]
As tenants in common, Ciro and Lucy bought an investment property together. Ciro sold his interest in the property to Walter. Walter died in an accident. Who now owns Walter’s share?
1) Lucy
[A] 2) Walter’s heirs
3) Ciro
4) Ciro and Lucy
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[Section 8C, Slide 66]
The owner’s right to prevent others from trespassing onto property is called what?
1) Possession
[A] 2) Exclusion
3) Disposition
4) Control
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[Section 8B, Slide 75]
Receding water uncovers additional land. What is this called?
1) Uncovered land
2) Alluvion
3) Delta
[A] 4) Reliction
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[Section 8A, Slide 68]
A creditor holding a note for a car loan cannot foreclose on an owner’s home if protected by what?
1) Consumer Protection Agency
2) HUD Amendment
3) Special Purpose Property
[A] 4) Homestead Act
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[Section 8C, Slide 38]
Time-share ownership involves what type of legal ownership formats?
1) Interval Ownership
2) Right to Use
3) Reversionary Ownership
[A] 4) Either A or B
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[Section 8D, Slide 56]
A tenant signs a lease for less than a year. What is his interest in the property?
1) Joint tenancy
2) Remainder Estate
3) Apartment Estate
[A] 4) Leasehold estate
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[Section 8C, Slide 99]
What is the main difference between personal property and real estate?
1) The distinguishing factor between personal property and real estate is that personal property becomes real property by the act of severance.
[A] 2) The distinguishing factor between personal property and real estate is that personal property is movable.
3) The distinguishing factor between personal property and real estate is that personal property is attached.
4) The distinguishing factor between personal property and real estate is that real property becomes personal property by attachment.
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[Section 8B, Slide 14]
Ali handcrafted the built-in bookcases in the study. These bookcases would automatically be considered part of what?
1) Emblements
2) Chattels
3) Personal property
[A] 4) Real property
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[Section 8A, Slide 31]
When purchasing an existing condominium, which form is NOT required for the buyer receive?
[A] 1) Estimated operating budget
2) Frequently Asked Questions
3) Bylaws of the Association
4) Articles of incorporation of the association
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[Section 8D, Slide 32]
