Unit 2 Real Property & the Law Quiz Flashcards
Real estate generally includes all of the following EXCEPT A) trees B) air rights C) annual crops D) mineral rights
Annual crops
The term non-homogeneity refers to... A) scarcity B) immobility C) uniqueness D) indestructibility
Uniqueness
Another term for personal property is
a) realty
b) fixtures
c) chattels
d) fructus naturals
Chattels
Which of the following describes the act by which real property can be converted into personal property?
a) severance
b) accession
c) conversion
d) attachment
Severance
While moving into a newly purchased home, the buyer discovered that the seller had taken the ceiling fan that hung over the dining room table. The seller had not indicated that the ceiling fan would be removed, and the contract did not address this issues. Which statement is TRUE?
a) Ceiling fans are usually considered real estate
b) The ceiling fan belongs to the seller
c) Ceiling fans are considered trade fixtures
d) Ceiling fans are considered personal property
a) Ceiling fans are usually considered real estate
Method of annexation, adaptation to real estate, and agreement between the parties are the legal tests for determining whether an item is…
a) a trade fixture or personal property
b) real property or real estate
c) a fixture or personal property
d) an improvement
c) a fixture or personal property
Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
a) convenants
b) emblements
c) chattels
d) appurtenances
d) appurtenances
The property owners land is located along the banks of a river. This owners water rights are called
a) littoral rights
b) prior appropriation rights
c) riparian rights
d) hereditaments
c) riparian rights
According to law, a trade fixture is usually treated as
a) realty
b) an easement
c) personalty
d) a license
c) personalty
