TX Law of Contracts Ch. Four QUIZ

Life estate

A freehold estate created for the duration of the life or lives of certain named persons is known as a...?

Easement

A right acquired by one party to use the land of another party for a special purpose is referred to as a/an...?

Grantor

After a fee simple determinable estate ends, the interest in the property reverts back to the...?

Leasehold estates

There are two primary types of estate in land, freehold estates and...?

Easement by necessity

This type of easement exists when a landowner has no access to roads and is landlocked...?

Easement in Gross

Utility Companies typically hold what type of easement?

PETE

Which of the following acronyms can be used to describe the powers the government possesses over real property...?

Mortgage lien

Which of the following is an example of a voluntary lien...?

-Tax lien -Mechanic's lien -Judgment lien

Which of the following is an example of an involuntary lien...?

-Liens -Easements -Encumbrance

Which of the following may impact an owner's interest in a property...?