Exam (elaborations)
WRA Chapter 8- True or False Questions & answers with Complete solutions | Latest edition
WRA Chapter 8- True or False Questions & answers with Complete solutions | Latest edition
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WRA Chapter 8- True or FalseAppurtenant easements will typically run with the land. - CORRECT
ANSWER-True
Explanation-
Appurtenant easements exist between two adjacent parcels of land.
A personal easement in gross typically runs with the land. - CORRECT
ANSWER-False
Explanation-
A commercial easement in gross will run with the land. A personal easement in
gross does not run with the land and usually terminates at the death of the
easement owner or when the owner of the property subject to the easement
transfers title to the property.
Construction liens take priority from when the first visible work commenced. -
CORRECT ANSWER-True
Explanation-
The effective date of a construction lien relates back to when work began on the
site. Contractors must file them no later than six months after the date labor or
materials were last furnished.
A mortgage lien is both voluntary and general. - CORRECT ANSWER-False
Explanation-
A mortgage lien is voluntary and specific.
Encumbrances will lessen the value of a property. - CORRECT ANSWER-False
Explanation-
Encumbrances, such as a judgment, may lessen the value of the property.
Encumbrances, such as deed restrictions, do not negatively affect the value and
could add value to a property.
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