Level 1 Assessment

Keiser orders drapes that are customized to fit the unique, 75-foot windows in his home. Which of the following describes how Keiser has converted his personal property (drapes) into real property?

• adoption

• close association

• severance

• agreement

If a life tenant were to do anything to diminish the value of a property, they would be:

• committing an act of waste

• committing to a possessory interest

• exercising their bundle of rights

• determining a condition subsequent

Any non-natural structure built on or affixed to land can be defined as:

• an improvement

• a tract of land

• a piece of property

• an estate

Any item that may be owned, including the rights associated with ownership, is the definition of:

• property

• land

• real estate

• improvement

What is the difference between the two types of defeasible estates?

• The title to a determinable estate reverts automatically, whereas condition subsequent estates require legal action for that to happen.

• The title to a condition subsequent estate reverts automatically whereas determinable estates require legal action for that to happen.

• Determinable estates come with conditions that, if violated, cause the title to revert. Condition subsequent estates have no conditions.

• Condition subsequent estates come with conditions that, if violated, cause the title to revert. Determinable estates have no conditions.

Lola loses her husband in a traffic accident after being married for one year. Regarding estates in Georgia, which of the following is TRUE about Lola's right of survivorship?

• Lola has NO right of survivorship, as Georgia does NOT recognize right of survivorship for spouses.

• Lola has NO right of survivorship, as Georgia does NOT recognize right of survivorship for spouses who have been married for less than five years.

• Lola has right of survivorship, as Georgia does recognize right of survivorship for spouses.

• Lola has right of survivorship, as she and her husband were engaged in a civil union for five years prior to their formal marriage.

Oliver's parents grant him ownership of an estate on the condition that Oliver maintains the barns and cares for the horses. What kind of estate does Oliver have?

• fee simple defeasible

• life estate

• conventional life estate

• pur autre vie

The "I" in MARIA stands for:

• intent

• install

• incriminate

• illicit

Condoleezza loses a large portion of her property due to a sudden flood, but she does not lose title to her land. What term describes this sudden loss of land?

• avulsion

• accretion

• accession

• reliction

Which of the following is an example of an improvement?

• a house

• dining table

• fruit bowl

• camper