Filters
Question type

Study Flashcards

The rights of the owner to the subsurface of a piece of land would have little value if the owner could not use the surface to exercise those rights.

A) True
B) False

Correct Answer

verifed

verified

Under the takings clause of the Fifth Amendment to the U.S. Constitution, private property may be taken for public use without "just compensation."

A) True
B) False

Correct Answer

verifed

verified

Allen owns Buffalo Ranch. Allen's ownership rights include the right to sell or give away the property without restriction, and the right to use the property for whatever purpose he sees fit. Allen's ownership interest is


A) a fee simple absolute.
B) a license.
C) a life estate.
D) a profit.

E) A) and D)
F) B) and D)

Correct Answer

verifed

verified

The most important factor in determining whether an item is a fixture is the perception of a disinterested third party.

A) True
B) False

Correct Answer

verifed

verified

A license is a personal privilege that cannot be withdrawn or revoked.

A) True
B) False

Correct Answer

verifed

verified

Logging Corporation has a right to go onto Mount Timber Company's land and harvest select trees. Logging's right is


A) a license.
B) an easement.
C) a profit.
D) a right to adverse possession.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Derek deeds a parcel of timberland to Elaine as a gift. Derek has given Elaine


A) a fee simple absolute.
B) a life estate.
C) the right to adverse possession.
D) the power of eminent domain.

E) A) and C)
F) B) and C)

Correct Answer

verifed

verified

Property Management Corporation (PMC) owns several apartment buildings in two states. Regarding standards for maintenance of the buildings, PMC should consult


A) the applicable city ordinances and state statutes.
B) the previous owners.
C) the long-term tenants.
D) the Uniform Landlord's Maintenance Manual.

E) A) and B)
F) B) and C)

Correct Answer

verifed

verified

The tenant's use of the leased property must not injure the landlord's interest.

A) True
B) False

Correct Answer

verifed

verified

Larissa leases to Metal Fabrication Corporation a 10,000 square-foot building under a written lease with a twenty-year term, rent payable annually. The lease includes a clause stating that Metal Fabrication is responsible for making all necessary repairs, including rebuilding the structure after its destruction by any cause beyond Larissa's control. The lease does not include a clause concerning its assignment. One day after the tenth rental payment, Metal Fabrication, without Larissa's knowledge or consent, assigns its interest in the lease to National Steel, Inc. Meanwhile, Larissa dies and Olina inherits her interest in the building. Without the knowledge or consent of either Metal Fabrication or National Steel, Olina sells the building to Prime Properties, Inc. The next month, the building is destroyed in a devastating storm. Metal Fabrication rebuilds it and files a suit against Prime Properties for the expense. The defendant responds that the lease has terminated. Is Prime Properties correct? If so, when did the lease terminate? If not, is Prime Properties liable for the cost of rebuilding the structure? Why or why not?

Correct Answer

verifed

verified

Prime Properties is not correct. The lea...

View Answer

If the covenant of quiet enjoyment is breached, the tenant can terminate the lease and sue for damages.

A) True
B) False

Correct Answer

verifed

verified

All-Mart Discount Stores Corporation contracts to buy ten acres from Suburban Enterprises, Inc., as a site for a new store. The contract calls for a "warranty deed." According to a survey that All-Mart commissions, one corner of an adjacent, enclosed parking lot is on part of the property that Suburban is attempting to convey. Can All-Mart avoid the contract? If so, on what basis? If not, why not?

Correct Answer

verifed

verified

All-Mart can avoid the contract for the ...

View Answer

Star Residences fails to provide the utilities to its tenants' apartments, making their use and enjoyment of the premises exceedingly difficult. This is most likely


A) a tenancy at sufferance.
B) an exercise of the landlord's property rights.
C) an assignment of the lease.
D) a constructive eviction.

E) A) and B)
F) All of the above

Correct Answer

verifed

verified

To obtain the title to land without delivery of a deed, one person must possess the property of another


A) in an open, visible, and notorious manner.
B) in secret.
C) with or without interruption.
D) with the other's permission.

E) B) and D)
F) A) and D)

Correct Answer

verifed

verified

Italo owns one hundred acres of fertile bottomland. With respect to the land, Jana has an easement and Kessler has a profit. A right to possess the bottomland is owned by


A) Italo.
B) Jana.
C) Kessler.
D) all of the choices, in proportion to the value of their respective interests.

E) A) and C)
F) A) and B)

Correct Answer

verifed

verified

Kim and Leola own a warehouse in which they operate Mini-Storage Corporation. On the death of either owner, that owner's interest in the warehouse passes to the surviving owner. This is


A) a joint tenancy.
B) community property.
C) a tenancy in common.
D) ownership in fee simple.

E) A) and C)
F) C) and D)

Correct Answer

verifed

verified

When one tenant in common dies, that party's interest in the property automatically passes to the surviving owners.

A) True
B) False

Correct Answer

verifed

verified

Society's interest in ensuring that real property remains in the stream of commerce is one of the reasons for the doctrine of adverse possession.

A) True
B) False

Correct Answer

verifed

verified

There are no interests in land that do not include any rights to possess the property.

A) True
B) False

Correct Answer

verifed

verified

The covenant of quiet enjoyment forms the essence of the landlord-tenant relationship.

A) True
B) False

Correct Answer

verifed

verified

Showing 41 - 60 of 72

Related Exams

Show Answer