Real estate principles chapter 2

Cali became a state in

1850

Personal property differs from real property in many aspects and is legally known as

D: Chose and Chattel

Erick Chinn bought a stack of lumber, which he placed in his backyard. Later he used some the lumber to build a room addition to his house. The remaining wood is considered:

D: chattel, personal property

Under the Treaty of Guadalupe Hidalgo in 1848, US acquired the territory of Cali from

Mexico

The need to determine whether property is real or personal frequently arises. Which of the following would NOT be classified as real property?

Minerals in the ground before they are mined

Property owners whose land brokers a river have rights to a reasonable use of the water known as

Riparian rights

An owner sells land, but reserves the mineral rights. Which is true?

The mineral rights are real property of the grantor (seller)

Permission to use underground waters, known as percolating waters, is owned by the

adjoining owners for their reasonable use

The legal definition of real estate includes many elements and parts. Which of the following items would NOT be part of real estate?

farm equipment

Real property can be most completely defined as

land, items affixed to land appurtenances immovable by law

Which of the following is considered to be personal property?

mortgage contract

There was some question in the mind of the owner as to whether or not she had any riparian rights on her recently purchased property. She was informed that the rights are

not found in any of the above

The addition of a wood burning stove in a family room, with stove pipe passing through the roof, is example of

personal property becoming a fixture

Airspace directly above a parcel of land is considered to be

real property

Which of the following is classified as personal property

seasonal crops

An investor leases a building to a tenant who opens a retail store. The tenant installs a cash register. The register is best described as:

trade fixture

A deeded easement of right of way over the land of another is considered to be

an appurtenance

The legal term referred as real property includes all EXCEPT:

an unlimited use of the airspace above the property

The right to possess, encumber, use and enjoy a piece of property, to the exclusion of all others would be an accurate description of:

property ownership

When anything is fastened or attached to real property in such a manner as to ensure its permanence, it is considered to be

real property

Effective Jan 1, 2005, a Cali Law called the Domestic Partnership Act was created to give ____ many new rights and responsibilites

register domestic partners

The right to a reasonable use of the surface waters upon which a property owner's land borders is called:

riparian rights

Which of the following is considered personal property?

silver removed from ground and send to smelter

In the early history of Cali, what group of explorers and colonizers were responsible for the development of presidios and pueblos?

spaniards

Which of the following is considered to be real property?

standing timber sold with the land

In addition to the land and those things that are affixed to the land, certain other things called appurtenances are considered to be real property. Which is NOT real property?

trade fixtures

Which of the statements most nearly defines personal property

unharvested peach crop sold to a canning factory

The right of an owner are referred to "Bundle of Rights". Which is NOT these rights

unrestricted use of riparian rights

Courts frequently have to make a decision as to whether some items does or does not go with the real property when its sold. In making the decision they use the "5 tests of a fixture". Which is NOT a test:

whether the property is being taxes