Paper 1: CU1 2nd Segment

Mr Sim had just paid the Option Fee for a purchase of a condominium. At this stage, Mr Sim is considered to have __________ in the property.

• real interest

• optional interest

• equitable interest

• no interest

Whose signature is not required in the Trust Deed?

• Trustee

• Settlor

• Beneficiary

• Trustor

Estate of tenure refer to:

• the period of duration of the owner's interest on his property

• the mode of holding or occupying land

• a property interest or rights

• the rights of property owners who own Strata Title

Tenure refers to:

• the period of duration which an owner can hold on to his property

• the manner of holding or occupying the land

• a property interest or rights

• the rights of property owners who owns Strata Title

The owner of a landed property is renovating his house and is told by his neighbour to shore up the shared wall. The land which carries such a burden is called the

• dominant tenement

• servient tenement

• dominant hereditament

• servient hereditament

John has just signed the Tenancy Agreement to lease his property to Paul. Which of the following is correct?

• John has proprietary rights over the property

• John still given up his personal rights to the property to Paul during the tenancy

• Paul has the license to move into the property

• Paul has proprietary rights over the property during the tenancy

Francis has just given an Option Fee of 1% to Doris to buy her condominium. Doris has accepted the offer and granted an OTP to Francis. Which of the following is true?

• Francis has legal rights in the condominium

• Francis has legal interest in the condominium

• Francis has personal interest in the condominium

• Francis has equitable interest in the condominium

Which of the following is incorrect?

• Corporeal hereditaments are tangible things that can be inherited or passed down

• Corporeal hereditaments are intangible things that can be inherited or passed down

• Incorporeal hereditaments are intangible things that can be inherited or passed down

• Both Corporeal and Incorporeal hereditaments means can be inherited or passed down

What is the correct key difference between legal interest and equitable interest in property ownership?

• Legal interest is enforceable against the whole world, while equitable interest is not

• Equitable interest is registered on a certificate of ownership, while legal interest is not

• Legal interest grants full ownership rights, while equitable interest is limited to beneficiary rights

• Equitable interest allows for physical possession of the property, while legal interest does not