Property Quiz 1

1. A and B are joint tenants. Which of the following must be true?

A and B are married, or deemed legally married in their jurisdiction.

A and B must remain joint tenants for 21 years, or designate an appropriate substitute tenant.

If A became a tenant first, his tenancy began within one year and a day of B's tenancy.

If A dies, B will take A's interest in the property.

2. Which of the following is NOT required to prove adverse possession?

The adverse possession was visible to the heirs of the owner.

The adverse possession was visible to the owner.

The adverse possession was notorious.

The adverse possessor actually or constructively possessed a portion of the property.

3. Which of the following is the best definition of a covenant that runs with the land?

Oral or written permission for a person to use someone else's property.

A written promise to do something, or refrain from doing something, with respect to real property.

A written promise to purchase real property at a date certain.

4. The fee simple subject to condition subsequent gives the grantor

The right to retake the property upon the occurrence of a future event.

An automatic reversion upon the occurrence of a future event.

A leasehold estate.

A contingent remainder.

5. Which is the best example of a license?

B grants A personal permission to use her property.

A encroaches on B's property openly and notoriously for a period of 21 years.

A requires access to B's property to reach a public road.

B's lease provides that she may keep pets on the property.

6. True or False? A tenancy for years has a fixed termination date.

True

False

7. The implied warranty of habitability applies to commercial leases.

True

False

8. O grants property to A for life. What type of interest does O have?

A fee simple absolute.

A reversionary interest.

An executory interest.

A springing executory interest.

9. A fee simple absolute is an example of

A life estate because, by definition, the owner will possess the land until his passing.

A determinable estate because we know the identity of the owner.

A defeasible estate because the owner may not own the property for its maximum possible duration.

A freehold estate because he holds the estate as an owner, and does not merely possess the property.

10. O conveys property to B for B's life, and the remainder to B's children. C is B's 17 year-old child. What type of interest does C have?

A vested remainder subject to open.

A contingent remainder.

A reversion.

A life estate determinable.

11. A fee simple determinable is an example of a

Defeasible estate because the estate may terminate before its maximum duration.

Life estate because the death of the owner ends the estate.

Future interest because we do not know when the grantee will take possession.

12. O conveys property to B for B's life and the remainder to his child, C, if C is over the age of 18. C is 16 years old. B is 40. What type of interest does C have?

A fee simple subject to a reversion.

A vested remainder.

A contingent remainder.

A reversion.

13. True or False? A periodic tenancy has a fixed termination date.

True

False

14. What warranties are included in a quitclaim deed?

There are no title defects in the property.

There were no title defects during the period that the person conveying the property owned the property.

None.

The property is suitable for residence or small business purposes.

15. Which is the best definition of a race statute?

The person who records first will prevail over a person who received the property earlier but did not record.

The person who records second will prevail regardless of whether another person recorded first.

The person who records second will prevail, provided he did not have notice that another person recorded first.

16. Which is the best example of an easement appurtenant?

A holds a mortgage on B's property.

A has the right to use B's property for the benefit of A's property.

A has the right to use B's property but A's use does not benefit A's use of his land.

17. Which is the best definition of equity of redemption?

After foreclosure, equity in the estate is distributed to the living heirs of the mortgagor.

18. Which of the following is true of a state with a race-notice statute?

An unrecorded conveyance is valid against a subsequent purchaser who, without notice of the conveyance, records first.

An unrecorded conveyance is invalid against a subsequent purchaser who, without notice of the conveyance, records first.

A recorded conveyance is invalid against a subsequent purchaser who, without notice of the conveyance, records second.

An unrecorded conveyance is invalid against any subsequent purchaser.

19. O conveys property to A and his heirs for so long as B lives. A has a

Fee simple absolute.

Life estate.

Fee simple determinable.

Fee simple but his heirs have a possibility of reverter.

20. What is the difference between a judicial foreclosure and a power-of-sale foreclosure?

A judicial foreclosure, unlike a power-of-sale foreclosure is public and must be properly noticed.

A judicial foreclosure, unlike a power-of-sale foreclosure, extinguishes junior interests.

Property Quiz 1

1. A and B are joint tenants. Which of the following must be true?

2.

What first name or nickname would you like us to use?

2. Which of the following is NOT required to prove adverse possession?

3. Which of the following is the best definition of a covenant that runs with the land?

4. The fee simple subject to condition subsequent gives the grantor

5. Which is the best example of a license?

6. True or False? A tenancy for years has a fixed termination date.

7. The implied warranty of habitability applies to commercial leases.

8. O grants property to A for life. What type of interest does O have?

9. A fee simple absolute is an example of

10. O conveys property to B for B's life, and the remainder to B's children. C is B's 17 year-old child. What type of interest does C have?

11. A fee simple determinable is an example of a

12. O conveys property to B for B's life and the remainder to his child, C, if C is over the age of 18. C is 16 years old. B is 40. What type of interest does C have?

13. True or False? A periodic tenancy has a fixed termination date.

14. What warranties are included in a quitclaim deed?

15. Which is the best definition of a race statute?

16. Which is the best example of an easement appurtenant?

17. Which is the best definition of equity of redemption?

18. Which of the following is true of a state with a race-notice statute?

19. O conveys property to A and his heirs for so long as B lives. A has a

20. What is the difference between a judicial foreclosure and a power-of-sale foreclosure?