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Final Review - BUSI LAW Test Questions and Answers Already Passed
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Final Review - BUSI LAW Test Questions and AnswersAlready Passed
accession Correct-The right of an owner of property to the product of such property
adverse possession Correct-the passing of a title to land that can result from a nonowners
use of the land.
in causa mortis Correct-a gift given in the anticipation of death
eminent domain Correct-the right of the governmental or public body to acquire privately
held real property needed for a public purpose
fee simple Correct-absolute ownership of real property
grantee Correct-the person to whom real property is conveyed
joint tenancy Correct-a form of co-ownership of property in which one owner's share of
the property passes to the other owners upon his or her death
, Final Review - BUSI LAW Test Questions and Answers
Already Passed
freehold estate Correct-the interest in real property that relates to ownership
leasehold estate Correct-the interest in real property that relates to possession
life estate Correct-the interest a person has in real property that lasts until he or she dies
quitclaim deed Correct-a document of transfer of real property
severalty Correct-ownership of property held by one person
subterranean Correct-rights that allow a person to extract minerals from land
tenancy in common Correct-a form of joint ownership of property in which one owner's
share of the property in which one owners's share of the property can be sold, transferred, or
passed to heirs.
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