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29.
(p. 1087)
Which of the following was the result on appeal in
Sauls
v. Crosby
, the case in the text in
which the court addressed whether a life tenant had a right to cut timber for the life tenant's
commercial gain?
30.
(p. 1090)
In which of the following types of ownership does each co-owner have the right to sell his
or her interest without the consent of the other owners, have the right to own an unequal share
of the property, and the right to own property subject to the right of a creditor to attach his or her
interest?
31.
(p. 1091)
In which of the following do all tenants own equal shares of the property with the
property divided equally among surviving joint owners upon the death of one tenant?
32.
(p. 1091)
Which of the following describes co-ownership by married couples allowing full
ownership by the surviving spouse when the other spouse dies?
33.
(p. 1091)
Which of the following is
false
regarding a condominium interest?
34.
(p. 1091)
If the owners in a tenancy by the entirety divorce, the interest becomes a ______.
35.
(p. 1091)
The document that directs a condominium association is called a[n] _____.
36.
(p. 1091)
In a[n] _____, the investor resident is a shareholder in the corporation owning an
apartment building and receives a permanent lease on one unit of the facility upon acquiring
stock.
37.
(p. 1095)
In Japan adverse possession for ______ years leads to a transfer of ownership as long as
the possessor began with a nonnegligent good-faith belief that he or she had legal title to the
property.
38.
(p. 1086)
A ______ is an instrument of that conveys real property from one owner to another.
39.
(p. 1092)
Transfer of property is initiated by the ______ of the deed.
40.
(p. 1093)
A[n] ______ deed is the most commonly used deed to transfer property and contains
certain promises by the grantor.
41.
(p. 1095)
The ______ is the meeting at which the transfer of title actually takes place and delivery
and acceptance occur.
42.
(p. 1093)
In making a transfer by ______ deed the grantor is only making the promise that he or she
has not done anything to lessen the value of the estate.
43.
(p. 1093)
The ______ deed carries no warranties, and the grantor simply conveys whatever interests
he or she holds.
44.
(p. 1093)
Which of the following is the least desirable type of deed from the grantee's perspective?
45.
(p. 1093)
Which of the following is certification by an official of the state that he or she saw the
signing of a deed and was provided evidence that the signatories were who they claimed to be?
46.
(p. 1094)
Which of the following refers to money that is provided by a potential purchaser and
applied toward the purchase price of property if the sale goes through, but forfeited if the buyer
changes his or her mind?
47.
(p. 1094)
A[n] ______ account is an account maintained by a neutral third party into which a
deposit on property is placed until all necessary steps for a transfer of property can be made.
48.
(p. 1095)
Which of the following occurs when a person takes ownership of property by treating a
piece of real property as his or her own, without protest or permission from the owner?
