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...?