Texas Law of Contracts - Chapter 4

Taxation

A charge on real estate to raise funds to meet public needs is known as...? Administration Eminent domain Taxation Condemnation

Lien

A claim against a property that provides security for the repayment of a debt or an obligation of the property owner is known as a/an...? Easement Lien Encroachment Homestead

Encumbrance

A claim, charge, or liability that attaches to, and is binding on real estate is referred to as a/an...? Encumbrance Homestead CC&R Encroachment

Asbestos

A fibrous mineral found in many building materials that when improperly disturbed, can cause serious lung diseases is known as...? Lead Radon Asbestos Insulation

Life estate

A freehold estate created for the duration of the life or lives of certain named persons is known as a...? Leasehold estate Fee simple determinable estate Life estate Fee simple absolute estate

1978

A lead-based paint disclosure is required for all buildings built prior to...? 1964 1978 1988 2001

Homestead

A legal life estate in land that is owned and occupied as a family home is known as a...? Fee simple absolute Homestead Leasehold Primary residence

Involuntary lien

A lien imposed against property without consent of an owner is referred to as a/an...? Easement Involuntary lien Voluntary lien Encroachment

Remainderman

A person who inherits or is entitled to inherit property upon the termination of the estate of the former owner is known as a...? Remainderman Grantee Tenant Reversionman

Easement

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

Eminent domain

A right of the government to acquire property for necessary public use by condemnation is known as...? Police power Escheat Eminent domain Taxation

Mechanic's lien

A specific lien that gives security to persons or companies who perform labor or furnish material to improve real property is known as a...? Tax lien Judgment lien Voluntary lien Mechanic's lien

Fee simple estate

Absolute ownership of real property is known as a/an...? Absolute estate Leasehold estate Fee simple estate Free estate

Grantor

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

Tax lien

An encumbrance against a property filed by the taxing jurisdiction for delinquency in paying real property taxes is known as a...? Mechanic's lien Tax lien Judgment lien Voluntary lien

Freehold estate

An estate of indeterminable duration is referred to as a/an...? Freehold estate Leasehold estate Binding estate Absolute estate

Fee simple determinable

An estate that will end automatically when the stated event or condition occurs is referred to as a...? Fee simple absolute Fee simple determinable Leasehold Reversionary

Fee simple absolute

An inheritable estate in land providing the greatest interest of any form of title is known as...? Fee simple absolute Fee simple determinable Life estate Leasehold

Voluntary lien

Any lien placed on property with consent of, or as a result of, the voluntary act of the owner is referred to as a/an...? Involuntary lien Homestead Voluntary lien Encroachment

Condemnation

Taking private property for public use, with fair compensation to the owner is known as...? Police power Escheat Taxation Condemnation

Police power

The right of any political body to enact laws and enforce them, for the order, safety, health, morals and general welfare of the public is known as...? Police power Escheat Eminent domain Taxation

Leasehold estates

There are two primary types of estate in land, freehold estates and...? Absolute estates Leasehold estates Trust estates Temporary estates

Easement by necessity

This type of easement exists when a landowner has no access to roads and is landlocked...? Easement by prescription Easement by necessity Easement in gross Dominant easement

Easement in gross

Utility companies typically hold what type of easement...? Easement by prescription Easement by necessity Easement in gross Dominant easement

A mortgage lender

Which of the following can force a judgment against an owner's property, even if the owner is protected as a homestead...? A credit card company A student loan company A mortgage lender A company that offers lines of credit

Mortgage lien

Which of the following is an example of a voluntary lien...? All of the above Mortgage lien Tax lien Judgment lien