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QUIZ #4 - CHAPTERS 7 & 8

Choose the BEST answer

1. Homeowner G acquired the ownership of land that was deposited by a river
      running through her property by: 

               a. reliction 
               b. succession 
               c. avulsion
               d. accretion 

2. A decedent left a will giving his neighbors the right to use a well on the decedentís
    land as long as the neighbor was alive. The neighborís interest in the property
    is properly called a(n): 

               a. license
               b. easement in gross
               c. easement appurtenant 
               d. life estate 

3. The rights of the owner of property located along the banks of a river are called: 

               a. littoral rights
               b. prior appropriation rights
               c. riparian rights 
               d. hereditaments 

4. G owns 50 acres of land with 500 front feet on a desirable recreational lake.
    She wishes to subdivide the parcel into salable lots, but she wants to retain
    control over the lake frontage while allowing the lot owners to have access
    to the lake. Which of the following types of access rights would provide the
    greatest protections for a prospective purchaser? 

               a. an easement in gross
               b. an appropriation easement
               c. an easement by necessity 
               d. a license 

5. The most all-inclusive type of real property ownership is a: 

               a. fee simple estate
               b. life estate
               c. conditional fee estate 
               d. reversionary interest 

6. A person who has complete control over a parcel of real estate is said to own a: 

               a. leasehold estate
               b. fee simple estate
               c. life estate 
               d. defeasible fee estate 

7. A portion of Wís building was inadvertently built on Gís land. This is called an: 

               a. accretion
               b. avulsion 
               c. encroachment 
               d. easement 

8. A statutory right that a family has in its residence is called : 

               a. entirely
               b. survivorship
               c. curtesy 
               d. homestead 

9. An estate having an indefinite duration is a(n): 

                a. freehold estate
                b. less-than-freehold estate
                c. estate for years 
                d. estate at will 

10. J & S are next-door neighbors. S tells J that he can store his camper in her yard
       for a few weeks until she needs the space. S did not charge J rent for the use
       of her yard. S has given J a(n): 

                a. easement appurtenant
                b. easement by necessity
                c. estate in land 
                d. license 

11. H owned two acres of land. He sold one acre to F and reserved for himself an
      appurtenant easement over Fís land for ingress and egress. Fís land: 

                a. is the dominant tenement 
                b. is the servient tenement 
                c. and be cleared of the easement when H sells the withheld acre to a
                    third party 
                d. is subject to an easement in gross 

12. The owner of a fee simple estate conveys the real estate to his daughter
       but reserves a life estate for himself. The interest the daughter has is? 

                a. homestead
                b. dower
                c. reversionary interest 
                d. remainder interest 

13. K & U owned a combination apartment building with a small bar and grill on
       the premises. They shared their profits and losses on their venture equally,
       but they did not own the business under any written partnership agreement.
       One day, U died of a heart attack. If, after Uís death, K continued to own the same
       undivided interest in the real estate as he did before Uís death and no more,

                a. they were joint tenants 
                b. they were tenants in common 
                c. they were stockholders in their own corporation 
                d. U died intestate 

14. Separate property owned by a married person in a community property state
       must be: 

                a. incorporated into the community property 
                b. kept totally separate from the community property 
                c. designed so that it eventually becomes community property 
                d. established prior to, not during, the marriage 

15. A trust is a legal arrangement whereby the title to property is held for the benefit
      of a third party by a(n): 

                 a. beneficiary
                 b. trustor
                 c. trustee 
                 d. attorney in fact 

16. A person who owns one unit in a multi-unit structure together with a specified
      undivided interest in the common elements would own a/an: 

                 a. cooperative
                 b. share in a real estate investment trust 
                 c. condominium 
                 d. encumbered community property without consent 

17. To create a joint tenancy relationship in the ownership of real estate, there must
       be unities of: 

                 a. grantees, ownership, claim of right, and possession 
                 b. title, interest, encumbrance, and survivorship 
                 c. ownership, possession, heirs, and title 
                 d. possession, time interest and title 

18. In a community property state, separate property is owned: 

                 a. solely by either spouse before the marriage or acquired by gift or
                      inheritance by either spouse during the marriage 
                 b. by one spouse before the marriage and jointly with the other spouse
                     during the marriage 
                 c. one-half by each living spouse during the marriage and then passes
                     entirely to the survivor 
                 d. jointly by one spouse and his or her deceased spouseís descendants 

19. J, M, and H are joint tenants owning a parcel of land. H conveys his interest
       to his long-time friend W. After the conveyance, J & M: 

                 a. become tenants in common 
                 b. continue to be joint tenants with H 
                 c. become joint tenants with W 
                 d. remain joint tenants owning a two-thirds interest 

20. F has the legal right to occupy and use a certain residential structure. All of the
      following could describe Fís interest in the property EXCEPT: 

                 a. fee simple
                 b. remainder
                 c. leasehold 
                 d. life estate 

21. E lives in an apartment building. The land and structures are owned by a
       corporation, with one mortgage loan covering the entire property. Like other
       residents, E owns stock in the corporation and has a lease to his apartment.
       This type of ownership is called a(n): 

                 a. condominium
                 b. planned unit development
                 c. time-share 
                 d. cooperative 

22. In a gift of a parcel of real estate, one of the two owners was given an undivided
       60 percent interest and the other received an undivided 40 percent interest.
       The two owners hold their interest as: 

                 a. cooperative owners
                 b. joint tenants 
                 c. community property owners 
                 d. tenants in common 

23. Equal rights of possession are characteristic in all of the following EXCEPT : 

                 a. tenancy in common
                 b. fee simple defeasible
                 c. tenancy by the entirety 
                 d. joint tenancy 

24. Creditors suing a homeowner who has obtained a homestead exemption
       as provided by state law: 

                  a. can have the court sell the residence and apply the full proceeds
                      of the sale to the outstanding debts 
                  b. have no rights to sell the debtorís residence 
                  c. may request a court-ordered sale and have the proceeds in excess of
                       the statutory exemption and exempted liens applied to the debts 
                  d. can force the debtor to sell the residence in order to pay the outstanding
                      debts in full. 

QUIZ #4 - Chapters 7 & 8

1. D 11. B 21. D 31.  41.  51.
2. D 12. C 22. D 32.  42.  52.
3. C 13. B 23. B 33.  43.  53.
4. B 14. B 24. C 34.  44.  54.
5. A 15. C 25.  35.  45.  55.
6. B 16. C 26.  36.  46.  56.
7. C 17. D 27 37. 47.  57.
8. D 18. A 28.  38.  48.  58.
9. A 19. D 29.  39.  49.  59.
10. D 20. B 30.  40.   50.  60.
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