RLE 83 Final Prep Ch1

RLE 83 Final Prep Ch1

Assessment

Flashcard

Other

University

Practice Problem

Hard

Created by

Wayground Content

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17 questions

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1.

FLASHCARD QUESTION

Front

The best definition of real property is

Back

all that is immovable and the bundle of rights.

2.

FLASHCARD QUESTION

Front

Trade fixtures are

Back

personal property.

3.

FLASHCARD QUESTION

Front

The highest bundle of rights a person may enjoy under our allodial system is a(n)

Back

a fee simple absolute estate.

4.

FLASHCARD QUESTION

Front

Economic characteristics of land include: nonhomogeneity, indestructibility, definable boundaries, fixity of improvements.

Back

fixity of improvements.

5.

FLASHCARD QUESTION

Front

Fixity of real estate refers to its

Back

location.

6.

FLASHCARD QUESTION

Front

Leverage involves using a small amount of money to

Back

secure a large loan for the purchase of property.

7.

FLASHCARD QUESTION

Front

The right of possession remaining with the borrower best describes

Back

hypothecation.

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