Chattel - Study guides, Revision notes & Summaries

Utah Real Estate Class Arti Latest 2024 Chapter 1 Affixed Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance Something that comes with real property. Water or a...

"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - Answer-A The public restriction on property rights that allows the government to place a lien on a p...

MS Real Estate PSI Exam Study Guide Accurate 100% MS Real Estate PSI Exam Study Guide Accurate 100% MS Real Estate PSI Exam Study Guide Accurate 100% Property Ownership - ANSWER An item that has a legal owner, along with the attendant rights to legal ownership. Real Property - ANSWER Ownership of real estate and the bundle of rights associated with owning real estate. Personal Property - ANSWER Ownership of anything which is not real estate, and the rights associated with owning the p...

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - cor...

Colorado Car Sales Exam Questions With Correct Answers and Rationales Latest Updated 2024 (GRADED A+) The advertise price of a motor vehicle must include: Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state the rate as an "annual percentage rate," using that term. If the annual percentage rate may be increased after consummation, the advertisement shall state that fact. If an advertisement is for credit not se...

Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+ Real property interests include... - -an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? - -Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivo...

McKissock Learning - Basic Appraisal Principles"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - correct answer A The public restriction on ...

Using/loaning out a chattel without permission and its damaged causing almost have its value - Conversion Remedy is FMV Which fact will a court not take JN of? Birthdate, the fact that D has filed 25 frivolous suits in a year, it rained on a certain date, date of Independence Day - Birthdate Gambler owes money and says he'll pay 9/10 of what he owes. You agree. - No consideration for modification. You can sue for the remainder. Corporations cannot be found guilty of - Manslaughter/killin...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of ...

Deed - Answer Document used to transfer title. Title - Answer Land+ deed, (who are the owners and what are their rights?) Real Estate - Answer Land+appurtenances (right or improvement attached to the land) Two types of characteristics of land: - Answer Physical & economic What are the physical characteristics of land? - Answer Immovable, indestructible,unique(non-homogenous) What are the economic characteristics of land? - Answer Scarcity, improvable, permanence of inv...