Unit 1-5 Quiz Flashcards
An important characteristic of land is that it may be modified or improved at any given time. Depending on its type, an improvement may increase the value of real estate greatly. All of the following would be considered improvements to the land EXCEPT
A. sewers
B. buildings
C. sidewalks
D. roads
B. buildings
A trade fixture is considered
A. a fixture
B. an easement
C. personalty (personal property)
D. a license
C. personalty (personal property)
Which of the following is considered personal property?
A. masonry fireplace
B. porch and window awnings
C. bathtubs
D. patio furniture
D. patio furniture
A business owner rents an empty building to use as an ice cream parlor. The tenant subsequently installs large freezer until and several service counters. These additions
A. are considered permanent improvements to the property.
B. because the landlord’s property once attached to the building.
C. can be legally removed by the tenant at the termination of the lease.
D. can only be removed by the tenant with the landlord’s permission.
C. can be legally removed by the tenant at the termination of the lease.
If the owner of the dominant tenement becomes the owner of the servant tenement and merges the two properties, the easement
A. becomes dormant.
B. is unaffected.
C. is terminated.
D. is not held by the owner of the merged properties.
C. is terminated.
A homeowner acquired the ownership of land that was deposited by a river running through her property by
A. relocation.
B. succession.
C. avulsion.
D. accretion.
D. accretion.
A decedent left a will giving a neighbor the right to use a well on the dependent’s land as long as the neighbor was alive. The neighbor’s interest in the property is properly called a(n)
A. leasehold estate.
B. easement in gross.
C. easement appurtenant.
D. life estate.
B. easement in gross.
The most all-inclusive type of real property ownership is a
A. fee simple estate.
B. conventional life estate.
C. qualified fee estate.
D. reversionary interest.
A. fee simple estate.
The ownership rights to real estate include all of the following EXCEPT
A. buildings located on the property.
B. air space above the property.
C. easements running with the land.
D. navigable rivers running through the property.
D. navigable rivers running through the property.
A woman conveys a life estate to her son-in-law and stipulates that upon his death the estate will pass to her grandson. The grandson has an
A. estate in reversion.
B. estate in remainder.
C. estate pur autre vie.
D. estate for the life of another.
B. estate in remainder.
The severalty (sole) owner of a parcel of land sells it. They buyer insists that the owner’s wife also sign the deed. The purpose of obtaining the wife’s signature is to
A. terminate any rights the wife may have in the property.
B. defeat any curtsey rights.
C. provide evidence that the owner is married.
D. subordinate the wife’s signature to the buyer.
A. terminate any rights the wife may have in the property.
Emblements are
A. part of the rest estate as soon as planted.
B. naturally occurring vegetation that does not require cultivation.
C. the same thing as fructus industriales.
D. not allowed to be severed from the land.
C. the same thing as fructus industriales.
A North Carolina seller had signed a security agreement to finance a new heat pump prior to listing his house. Since, at the time of closing, the seller has only ten payments left,
A. the heat pump is a part of the real estate that conveys at settlement.
B. the creditor could not repossess the heat pump after closing if the seller did not finish paying all the payments.
C. the buyer must take over the payments on the heat pump after closing.
D. the heat pump remains personalty that can be removed if not paid in full.
D. the heat pump remains personalty that can be removed if not paid in full.
A developer owns 50 acres of land that she wishes to subdivide into individual residential lots. The developer grants access to the individual parcels so that utility companies can install their lines and peeps. Each utility company has been granted
A. an easement in gross.
B. an appurtenant easement.
C. an easement by necessity.
D. a license.
A. an easement in gross.
A recent patio addition extends on foot over the property line into the lot next door. This best describes an
A. easement
B. encumbrance
C. encroachment
D. entitlement
C. encroachment
