Bus 250 Final - ch. 42,43,44 || All Questions Answered Correctly.
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Course
Bus 250
Institution
Bus 250
You live with your parents in a house they own. You are planning an outside barbecue and have invited numerous people. Three days before the event, the local power company begins work to replace underground pipelines in your front yard. The workers have dug up part of the ground. You are unhappy no...
Bus 250 Final - ch. 42,43,44 || All Questions Answered
Correctly.
You live with your parents in a house they own. You are planning an outside barbecue and have
invited numerous people. Three days before the event, the local power company begins work to
replace underground pipelines in your front yard. The workers have dug up part of the ground.
You are unhappy not only because the yard looks ugly, but also because the portion of the yard
you intended to use for the party is now unusable.
What interest does the power company have in your parents' property that allows the company to
work on the pipes?
A. life estate
b. constructive eviction
c. easement
d. quitclaim correct answers easement
Real property consists of which of the following? Select 3 answers.
harvested crops
fixtures
buildings
land correct answers fixtures
buildings
land
Which of the following does NOT qualify an object as a fixture?
a. The object was specially made for the property.
b. It is attached to the property in such a way that removing it would cause damage.
c. The object is intended by the owner to remain there permanently.
d. The object was in or on the property at the time of sale. correct answers The object was in or
on the property at the time of sale.
Which of the following is true about easements appurtenant?
a. They are temporary.
b. They benefit a particular person as opposed to the land.
c. They "run with the land."
d. They give a person authority to remove something from the land of another. correct answers
They "run with the land."
Land burdened by an easement is called:
a. the dominant estate.
b. the licensed estate.
c. a profit.
d. the servient estate. correct answers the servient estate.
If an individual owns a piece of property and has the unlimited authority to use and sell the
property, they:
, have a life estate.
have a concurrent interest.
have a remainder interest.
own the property in fee simple absolute. correct answers own the property in fee simple absolute.
In a tenancy in common: (Select 2 answers)
co-owners may ask the court for a partition.
two or more people own the same piece of property.
if either of the co-owners dies, the property automatically passes to the surviving co-owners.
if either of the co-owners sells their share of the property, the tenancy in common is severed.
correct answers co-owners may ask the court for a partition.
two or more people own the same piece of property.
A tenancy for years will last:
for a definite period of time.
for not more than twenty-four months.
for at least twenty-four months.
at least one year. correct answers for a definite period of time.
When a tenant wrongfully holds over from the term of their lease, it is called:
a tenancy at sufferance.
a periodic tenancy.
a tenancy at will.
a tenancy for years. correct answers a tenancy at sufferance.
Signing an 18-month lease on a two-bedroom townhouse with a monthly rent of $900 creates a:
tenancy by the entirety.
periodic tenancy.
tenancy at will.
fixed-term tenancy. correct answers fixed-term tenancy.
When a tenant is allowed to remain in possession of the residence after the expiration of a fixed-
term tenancy by continuing to pay monthly rent, the tenancy has become a:
tenancy at sufferance.
tenancy at will.
tenancy for months.
periodic tenancy. correct answers periodic tenancy.
A landlord's right in property that he has leased to a tenant is called a:
leasehold interest.
fee simple estate.
life estate.
reversionary interest. correct answers reversionary interest.
A landlord's duties include:
giving the tenant possession of the leased property.
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