RE Chapter 1

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

California became a state in:

1850

Under the treaty of Guadalupe Hidalgo in 1848, the United States acquired the territory of California from:

Mexico

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

Spaniards

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

adjoining owners for their reasonable use

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

an appurtenance

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

riparian rights

The rights of an owner are referred to as the "Bundle of Rights." Which of these is not one of these rights? the unrestricted right to the use of riparian waters the right to possess the right to borrow against real property the right to use

the unrestricted right to the use of riparian waters

The need to determine whether property is real or personal frequently arises. Which of the following would not be classified as real property? airspace over a condominium project newly planted fruit trees stock in a real estate corporation minerals in the ground before they are mined

airspace over a condominium project

Which of these statements most nearly defines personal property? -trees in a forest -stock sold to bring water on the land of a group of landowners who have formed their own company -an unharvested peach crop sold to canning factory -the right to cross over someone else's property

an unharvested peach crop sold to canning factory

The legal term referred to as real property includes all of the following, except: an unlimited use of the airspace above the property that which is immovable according to law the land beneath the surface to the center of the earth determined by law to be a fixture

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

Airspace directly above a parcel of land is considered to be:

real property

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 January 1, 2005, a California Law called the Domestic Partnership Act was created to give ____ many new rights and responsibilities.

registered domestic partners

Which of the following is classified as personal property? seasonal crops fixtures land appurtenant easements

seasonal crops

Which of the following is considered personal property? a peach orchard stock in a mutual water company silver removed from the ground and sent to the smelter easement

silver removed from the ground and sent to the smelter

Which of the following is considered to be real property? a lease to an apartment house a cash register in a drug store a grape crop, sold under contract, but not yet harvested standing timber sold with land

standing timber sold with land

An owner sells land, but reserves the mineral rights. Based on this, which of the following is true? -the mineral rights are owned by the grantee -the mineral rights are the personal property of the grantor -the grantor owns the mineral rights as joint tenants with the grantee -the mineral rights are the real property of the grantor

the mineral rights are the real property of the grantor

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

trade fixture

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 of the following is not real property? trade fixtures a dwelling watercourses a fence

trade fixtures

Courts frequently have to make a decision as to whether some item does or does not go with the real property when it is sold. In making their decision, they use the "Five tests of a fixture." Which of the following is not a test of a fixture? method by which property is attached whether the property is considered adaptable whether the property is being taxed relationship of parties involved

whether the property is being taxed

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

both "chattel" and "personal property"

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

both "chose" and "chattel"

A legal definition of real estate includes many elements and parts. Which of the following items would not be a part of real estate? farm equipment fences growing trees permanent two-story buildings

farm equipment

Real property can be most completely defined as:

land, affixed to land, appurtenances, immovable by law

Which of the following is false? airspace is considered real property real property can be divided horizontally solid minerals in the ground are considered real property landscaping is considered personal property

landscaping is considered personal property

Which of the following is considered to be personal property? easement iron ore in the ground mortgage contract stock in a mutual water company

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 riparian rights are: a matter of record listed in the title policy stated in the grant deed not found in any of these choices

not found in any of these choices

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

personal property becoming a fixture


संबंधित स्टडी सेट्स

marketing module 4 chapter 12 developing new products

View Set

Chapter 8: Political Parties: American Government

View Set

Chapter 1 Science and the Universe

View Set

Micro Econ 1123- Midterm 2 Study Set- Pallab Ghosh (Spring 2022)

View Set