Chapter 1

Which of the following best describes a parcel of land?

• The surface of the Earth includes all things permanently attached and the control of all mineral and substances beneath

• The surface of the earth extending down to the enter and upward to infinity

• The earths clearly marked by the certain boundaries

• The surface of the earth extending down a reasonable distance an dup not the air a reasonable

In determining whether an item is a fixture, which of the following would NOT be considered?

• Method of attachment

• Adaptation to the real estate

• Value of the item

• Legal interest of the annexing party

The characteristic that distinguishes personal property from real property is

• mobility

• scarcity

• durability

• flexibility

When used in a deed or other real estate document, a legal description describes only the land because:

• a bill of sale is used to convey title to the buildings and other improvements

• artificial attachments, such as buildings, cannot be adequately surveyed

• buildings and other improvements are considered to0 be part of the real estate

• a street address is used to identify the buildings and improvements

An item that was personal property but has been attached to and become part of the real property is known as

• a trade fixture

• an emballement

• fructus industriales

• a fixture

Crops planted and harvested each year are

• personal property

• emblements

• fructus industriales

• all of the above

Th most distinctive physical characteristic of land is

• homogeneity

• immobility

• situs

• improvements

All of the following are real property EXCEPT

• oil below the earths surface

• a concrete driveway

• cut timber

• air rights

The law of capture refers to the

• process of removing oil and gas from the land

• government's right of eminent domain

• landowners right to keep trade fixtures if not removed

• responsibility of lateral support while removing solid mineral

The sum of all factors that affect value is called

• location

• accession

• situs

• scarcity