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MHR 461 Ch. 8 Queestions And 100% Correct Answers
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MHR 461 Ch. 8 Queestions And 100%Correct Answers
Traditionally, personal property was referred to as:
a. property in rem
b. quasi in rem property
c. chattel
d. aggregate property
e. none of the other choices - ANSWER c.
Real property differs from personal property in that real property:
a. can be taxed while personal property cannot be taxed
b. is movable while personal property is immovable
c. is worth more than personal property
d. can be sold while personal property cannot be sold
e. none of the other choices are correct - ANSWER e.
Real property includes:
a. furniture
b. trucks
c. trees
d. patents
e. all of the other choices - ANSWER c.
Which of the following is not real property:
,a. land
b. minerals
c. buildings
d. trees
e. all of the other choices are real property - ANSWER e.
____ is often used to make arrangements with others about the use of property.
a. fundamental law
b. tort law
c. real law
d. felony law
e. none of the other choices are correct - ANSWER e.
Property law in the United States has developed from:
a. the Norman law of the fifth century
b. the Roman Justinian Code
c. the Jus Civile
d. English common law from centuries ago
e. the Jus Gentium - ANSWER d.
The most common way in which to transfer ownership interests in property is through:
a. a devise
b. a will
c. a deed
d. easements appurtenant
e. tenancies in common - ANSWER c.
, A deed is:
a. the primary way to transfer ownership interests (title) in property
b. the means by which the owner of property has legal possession of the property
c. the means by which an owner of property sues when someone violates his property
rights
d. the cheapest way to file taxes on piece of property
e. none of the other choices are correct - ANSWER a.
A warranty deed is:
a. a deed of conveyance that passes whatever interests the grantor had in the property
b. a deed that promises that a good, clear title to the property is being conveyed by the
grantor
c. a deed that warrants that the buyer has received title and that the property was not
encumbered during the ownership by the grantor
d. all of the other specific choices are correct
e. none of the other specific choices are correct - ANSWER b.
A deed in which the seller or grantor warrants that the property is free of any liens or
encumbrances unless they are revealed in the title is a(n):
a. quit claim deed
b. explicit deed
c. surface deed
d. assurance deed
e. none of the other choices are correct - ANSWER e.
The formal right of ownership of property is:
a. the deed
b. the title
c. the documentation
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