Chapter 2 QUIZ Quiz

The concept by which land would increase automatically along a river or stream is known as:

• accretion

• littoral rights

• avulsion

• reliction

Which of the following is generally considered real property?

• emblements

• trade fixtures

• a shrub planted in a decorative pot

• a perennial shrub planted in the backyard

The phrase "bundle of legal rights":

• is part of the definition of real property

• is another name for a legal description

• refers to the legal documents used in real estate transactions

• refers to the tenant's rights in a lease

A trade fixture is considered:

• a fixture

• an easement

• personalty

• a license

Real property can become personal property by:

• severance

• purchase

• hypothecation

• attachment

A seller is under contract to sell a property using the standard offer to purchase and contract. The elegantly decorated master bedroom has vertical window blinds, hand-painted light switches and electrical outlet covers and draperies fashioned from fabric coordinated with the wallpaper. Which of the following items may the seller legally remove before the close of the transaction?

• none of the items

• the draperies and blinds

• the hand-painted light switches and electrical outlet covers

• the draperies

A business owner rents an empty building to use an ice cream parlor. The tenant subsequently installs large freezer units and several service counters. These additions:

• are considered permanent improvements to the property

• become the landlord's property once attached to the building

• can be legally removed by the tenant at the termination of the lease

• can only be removed by the tenant with the landlord's permission

The owner of a house wants to fence the yard for a dog. When the fence is erected, the fencing materials are converted to real estate by:

• severance

• annexation

• immobility

• indestructibility

Which of the following has an indefinite ownership period?

• fee simple estate

• life estate

• estate for years

• estate at will

Oil, gas and other subsurface rights are generally considered to be:

• separate and apart from the rights or interest in the real estate

• an item which can never be separated from the real estate and must transfer with the property

• items of personalty which the owner can either include or exclude from the transfer

• be part of the real estate and it's bundle of rights and automatically transfer to a subsequent owner unless specifically reserved or excepted in the deed