Business Law Chapter 48 A possessory interest in real property is called an estate

subject Type Homework Help
subject Pages 9
subject Words 1562
subject Authors Barry S. Roberts, Richard A. Mann

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Chapter 48. Interests in Real Property
1. A possessory interest in real property is called an estate.
a. True
b. False
2. Possessory interests in property include profits à prendre and easements.
a. True
b. False
3. Mother conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no
children, to Mark. Mark has a contingent remainder.
a. True
b. False
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4. Eviction must be actual.
a. True
b. False
5. If Taylor conveys property “to Baines for life and makes no disposition of the remainder of the estate, Taylor holds
the reversion.
a. True
b. False
6. A tenancy at sufferance is created after the tenant's lease has expired.
a. True
b. False
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7. Some states hold landlords liable for injuries their tenants and others suffer as a result of the foreseeable criminal
conduct of third parties.
a. True
b. False
8. If the lease is silent on the subject, a tenant generally may assign his lease.
a. True
b. False
9. An assignment is made when the tenant transfers control of part of his entire interest in the leased property to a third
party.
a. True
b. False
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10. Under the common law, a landlord is under an obligation to provide or maintain the premises in a livable condition.
a. True
b. False
11. If Gil assigns his lease to Jim, Gil has no further obligations to his landlord.
a. True
b. False
12. If Dan subleases his apartment to Susan for the summer, Susan is primarily liable to pay the landlord the rent.
a. True
b. False
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13. Under the majority view, if a clause in a lease says the tenant cannot sublet, he can still assign the lease.
a. True
b. False
14. If Karen assigns her lease to Henry, Karen and Henry are both liable to the landlord for the rent.
a. True
b. False
15. Most state statutes permit a landlord to evict a tenant for nonpayment of rent.
a. True
b. False
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16. All other estates are derived from the fee simple estate.
a. True
b. False
17. The holder of a qualified fee interest may not transfer the property by deed or will.
a. True
b. False
18. If Tom and Tim are joint tenants, they each own a specific half of the property.
a. True
b. False
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19. To create a joint tenancy, all tenants must acquire title by the same instrument.
a. True
b. False
20. Community property does not include a ring owned by the wife prior to the marriage.
a. True
b. False
21. An easement describes a limited possessory interest in the land.
a. True
b. False
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22. An easement that is appurtenant passes to the new owner of the land.
a. True
b. False
23. An easement in gross is personal to the one individual who obtained that right and will not pass to another owner of
the property.
a. True
b. False
24. When an owner of land subdivides it into lots and records the plat of the subdivision, he is held by some statutes and
by common law to have dedicated to the public all streets, alleys, parks, playgrounds, and beaches shown on the plat.
a. True
b. False
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25. All interests in property that can be conveyed carry the right to immediate possession.
a. True
b. False
26. The owner of the servient parcel is generally responsible for maintaining the easement and keeping it in repair.
a. True
b. False
27. A profit is not usually exclusive to the owner of that right.
a. True
b. False
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28. A license is generally irrevocable by the property owner.
a. True
b. False
29. A license is the limited right to use property for a period of time.
a. True
b. False
30. Under a tenancy in common, the most frequently used form of concurrent ownership, each co-owner has the right of
survivorship.
a. True
b. False
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31. In general, a tenant is under a duty to make minor repairs to the leased premises.
a. True
b. False
32. Under the Fair Housing Act, a landlord cannot discriminate against a tenant with regard to race, color, sex, religion,
or disability.
a. True
b. False
33. An easement may be created by:
a. prescription.
b. implied reservation.
c. implied grant.
d. all of these ways.
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34. A possibility of reverter is the complementary estate to a:
a. fee simple.
b. qualified fee.
c. life estate.
d. reversion.
35. An estate in fee simple has which of the following characteristics?
a. It may be inherited.
b. It may be sold.
c. Judgment creditors may levy it upon.
d. All of these.
36. A freehold estate is a:
a. gratuitous leasehold interest in real property.
b. right of ownership of real property for an definite time.
c. right of ownership for the life of a person.
d. term which refers to an inherited estate.
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37. A person with a life estate cannot do which of the following?
a. Strip-mine the land
b. Build a bridge over the river
c. Cut a single tree
d. Put a new roof on the house
38. A periodic leasehold tenancy may be terminated:
a. upon expiration of the period.
b. upon 6 months' notice.
c. at the will of the parties.
d. upon notice of one period in advance.
39. A landlord breaches the covenant of quiet enjoyment if:
a. the landlord wrongfully evicts the tenant.
b. neighbors throw loud parties that disturb the tenant.
c. Both of these.
d. None of these.
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40. Constructive eviction would result in a discharge of any obligation to pay rent if:
a. proper notice is given to the landlord.
b. the tenant abandons the apartment.
c. the tenant fixes the problem.
d. he serves the landlord with a court order.
41. Mom and Carolyn own a farm as joint tenants. When Mom dies, her share will pass to:
a. Carolyn.
b. her heirs.
c. her beneficiaries.
d. Carolyn's heirs.
42. If no special words are used when real property is conveyed to two or more persons, it will create a:
a. tenancy by the entireties.
b. tenancy in partnership.
c. tenancy in common.
d. joint tenancy.

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