Examen
EXAM 1 - Property Ownership questions with complete solutions
- Grado
- Institución
EXAM 1 - Property Ownership questions with complete solutions
[Mostrar más]Vista previa 2 fuera de 8 páginas
Vista previa 2 fuera de 8 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
Sakayobako30
Comentarios recibidos
Vista previa del contenido
EXAM 1 - Property OwnershipThe main difference between the terms real estate, and real property is that only real property includes:
A. fences
B. improvements
C. ownership rights
D. landscaping - correct answer ✔✔B. improvements; Real property consists of land and everything
permanently attached to land, as well as the rights of ownership
The "bundle of rights" refers to:
A. condemnation
B. water rights only
C. real property rights
D. chattel - correct answer ✔✔C. real property rights; The bundle of rights refers to all rights an owner
may have in real property.
Condemnation is an action to take property after a government's claim of eminent domain. Water rights
are a one stick or ownership right in the bundle of rights. Chattel is a term for personal property.
Which of the following is evidence of a definite ownership right in real property?
A. Lease
B. Occupy
C. Possess
D. Sell - correct answer ✔✔D. Sell;
, Possession, leasing real property, or occupying real property are part of a leasehold estate and do not
necessarily include other ownership rights. Of the choices in the question, only the right to sell is
evidence of ownership rights.
Sima's property borders a gorgeous lake. She owns.....
A. Riparian rights
B. Legal rights
C. Littoral rights
D. Squatter's rights - correct answer ✔✔C. Littoral rights
Littoral rights apply to a property bordering a stationary body of water, such as a lake or a sea. In
contrast, riparian rights belong to the owner of property bordering a flowing body of water.
The land and improvements, and all legal rights, powers, and privileges of real estate ownership are
called:
A. license
B. real property
C. subsurface rights
D. personal property - correct answer ✔✔B. real property
Real property is the land and improvements, and all legal rights, powers, and privileges of real estate
ownership. Personal property is readily movable. A license is a personal privilege to do a particular act or
series of acts on the land of another. Subsurface rights of a property include the right to the area below
the ground.
All property that is readily movable is known as:
A. real property
B. realty
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now
Vistos recientemente
