Ch 1&2 Quiz
if a court proceeds to confirm a probate sale, the first additional bid must be what percent above the original bid.
10% on the first $10,000, 5% on the remainder
California became a state in
1850
how many square feet are in a acre
43,560
Real Property can be most completely defined as
Land, Affixed to Land, Appurtenances, Immovable By Law
chang deeds to lopez and lopez takes possession but dose not record the deed. Chang then tells his friend jones about the deed to lopez. Chang then deeds the same property to Jones, who records the deed. Based on this information, title probably vests in
Lopez
Effective January 1, 2005 a California law called the domestic partnership act was created to give ______ many new rights and responsibilities
Registered Domestic Partners
Grandor
Seller
an owner sells land, but reserves the mineral rights. Based on this, which of the following is true
The mineral rights are the real property of the grantor
real estate law states that in order to be valid, a deed must contain
a granting clause
permission to use underground waters, known as percolating waters, is owned by the
adjoining owners for their reasonable use.
when possession of land includes open and notorious use for 5 years, hostile to the owner's wises, and payment of property taxes, this best describes
adverse possession
Which of these statements MOST nearly defines personal property
an unharvested peach crop sold to canning factory
when a gift deed is used to transfer title to real property, the deed may be set aside or voided by
certain debtors of the grantor
a sequential list of owners for a parcel of real estate is called
chain of title
the recording of a deed gives
constructive notice
which of the following is not required for a deed to be valid
date
a majro railroad company plans to run a line across Kuan's property. If Kuan refuses to give permission, the railroad company can proceed to take action through the use of
eminent domain
the passing of title to the state because of the lack of heirs is called
escheat
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
the county recorder files deeds according to
grantor-grantee index
the connecticut case, Kelo vs. New London, was decided by a U.S supreme court ruling which had an impact on
how private property can be taken to further economic development
A deed need not to be recorded in order to be valid, but must be delivered. Effective delivery depends on
intention of the grantor
which of the following is false
landscaping is considered personal property
who is competent to deed title to real estate
married 16-year-old
Under the treaty of guadalupe hidalgo in 1848, the united states acquired the territory of California from
mexcio
Which of the following is considered to be personal property
mortgage contract
title can be transferred from government to private owners using a
patent
The addition of a wood-burning stove in a family room, with the store pipe passing through the roof, is an example of
personal property becoming a fixture
Propery owners whose land borders a river have rights to a reasonable use of the water, know as
riparian rights
The right to a reasonable use of the surface waters upon which a property owner's land borders is called
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
In the U.S. government survey system, which lines run parallel to the principal base line
township line
A deeded easement of right-of-way over the land of another is considered to be
an appurtenance
the legal term referred to as real property includes all the following, except
an unlimited use of the airspace above the property
the sudden tearing away of land along a river with the re-depsit of the land on the other side of the river, downstream, is called
avulsion
Ben's father passed away and left ben a ring in his will that ben had always admired with a sizeable sum of money. Ben received this gift as a
bequest and legacy
personal property differs from real property in many aspects and is legally know as
both chose and chattel
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
chattel and personal 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
Airspate 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
which of the following is classified as personal property
seasonal crops
which of the following is considered personal property
silver removed from the ground and sent to the smelter
in the early history of California, what group of explorers and colonizers where 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
the need to determine whether property is real or personal frequently arises. Which of the following would NOT be classified as real property
stock in a real estate corporation
when describing or locating a pice of property using the metes ad bounds system, which of these would be classified as artificial markers.
streets
if a married person with two children dies intestate and leaves community property, the descendant interest passes to the
surviving spouse
A person who makes a will is the
testator (trix)
before a deed is recorded, is must be acknowledged by
the grantor
There are implied warranties made by the grantor in a grant deed. Which one of the following is NOT implied
the grantor holds a certificated of title to the property
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
courts frequently have to make a decision as to whether some item dose or dose not go with the real property when it is sold. In making their decision, they use the "five testes of a fixture." which of the following is not a test of a fixture.
whether the property is being taxed
If a married person dies testate and leaves all community property, the decedent's interest passes to the
whomever is named in the will