Chattels personal - Study guides, Class notes & Summaries

what is property? Correct Answer-property consists of things plus the rights of ownership what is personal property and what is a distinguishing factor? Correct Answer-personal property are items that the seller can load into a van after the moving sale. what is chattels personal Correct Answer-things like cars, boats furniture money etc what is chattel real Correct Answer-chattel real are items that extend to the owner and interest in the property such as leases, mortgages, contracts t...

Pearson Vue Exam Questions and Answers 100% Pass Real property interests include... - Answer- 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? - Answer- 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 survivor owns...

Property - ANSWER All property is divided into 2 categories Real Property and Personal Property Personal Property - ANSWER Chattels Real - Mobility Chattels Personal - ANSWER Such as cars, boats, furniture, clothes, stocks, money, tools etc are known as Chattels Real Real Estate - ANSWER Consists of land itself plus those things which are permanently attached to the land by man (such as buildings) or nature (such as trees). Bill of Sale - ANSWER Personal Property sold, ownership is t...

All of the following EXCEPT ONE are true of "Chattels" a. Personal Property b. Real Property c. Movable Property d. Applied to slaves and women before their emancipation - Answer B. Real property A purchaser to whom a deed conveys real estate can be called a: a. Grantee b. Lessor c. Grantor d. Devisee - Answer A. Grantee Which of the following types of deeds carries the least warranties or representations of title? a. General Warranty Deed b. Special Warranty Deed c. Dee...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

CA DRE Salesperson Exam Questions and Answers (Latest Update 2024/2025) Verified Answers. What are the two types of freehold estates? - correct answers 1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - correct answers An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the pro...

Real Property - The legal interests in land and things attached to, or growing on land. Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. Chattels Real - An interest in land, such as a leasehold. Chattels Personal - Moveable personal property. Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land cannot mov...

ARKANSAS AUCTIONEER EXAM COMPLETE QUESTIONS AND ANSWERS 2023/2024 | RATED A+ True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly - Answer>>>False - The governor shall appoint the members of the Board All auctioneer licenses expire: - Answer>>>June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. - Answer>>>False - The Au...

Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ The TREC residential contract forms are: Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: Enter into a Seller's Temporary Residenti...