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Forms of Property Ownership Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. We can say title is unmarketable if a _____ will not accept it.

Question 2 2. The process by which personal property becomes part of real property is known as what?

Question 3 3. What do condo association fees cover?

Question 4 4. Which of the following future interests requires its holder to take action before gaining possession?

Question 5 5. When does the buyer in a contract for deed usually obtain legal title?

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Question 6 6. The ____ of a cooperative establishes how its day-to-day operations are governed.

Question 7 7. Land abutting which of the following is considered littoral?

Question 8 8. How can you find recorded legal instruments regarding a parcel of property in a state that uses a recording system?

Question 9 9. What's a key difference between dower and curtesy?

Question 10 10. Nora has maintained a greenhouse on Abby's land for 21 years with Abby's permission. Has Nora obtained title to the ground upon which the greenhouse sits by adverse possession?

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Question 11 11. What gives the mineral estate the right to make reasonable use of the surface?

Question 12 12. What characteristic of land involves a lack of homogeneity?

Question 13 13. Wanda holds a 25% undivided interest in a property with Zack, Wanda's husband, who owns the other 75% undivided interest. What type of tenancy is this?

Question 14 14. Which of the following estates has the fewest restrictions on the holder of it?

Question 15 15. A timeshare divides rights in property by ____.

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Question 16 16. Tess has the right to use a path that crosses her neighbor's property in order to reach a public street. What's the best description of her property right?

Question 17 17. Which of the following is incorrect about the legal concept of a profit a prendre?

Question 18 18. Who investigates the title to a parcel of property seeking to be registered in a state that uses the Torrens Title System?

Question 19 19. A trustee holds _____ to real estate held in trust while beneficiaries hold _____.

Question 20 20. Ben holds a piece of real estate during the life of Abby. What estate does Ben have?

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Question 21 21. Vlad's will provides that his son is to receive Vlad's house upon Vlad's death. What property right is Vlad exercising?

Question 22 22. Generally speaking, a timeshare is considered a ____ investment vehicle.

Question 23 23. Abby holds a piece of land for the duration of her life. What estate does Abby hold in the property?

Question 24 24. Which of the following is an example of intangible property?

Question 25 25. Maria wants to convey a future interest after she has died. How can she do this?

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Question 26 26. What do you call the document that governs how a condo association functions?

Question 27 27. Which of the following are emblements?

Question 28 28. Tom, Dick and Harry are farmers in a state that uses the prior appropriate doctrine. Tom legally appropriated 100,000 gallons of water in 2001 and 25,000 more in 2005, Dick appropriated 100,000 gallons of water in 2003 and 25,000 more in 2004, and Harry appropriated 125,000 gallons of water in 2004. In 2008, there are only 350,000 gallons available. How much water does each get?

Question 29 29. Jane signed a contract to purchase a timeshare today. Later that evening she tells her parents who convince her she made a bad decision. What's the best recourse for Jane regarding the contract?

Question 30 30. _____ dictates what use you can make of property within a certain geographic region.

Forms of Property Ownership Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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