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KSCORE Study Night Quiz- 10/8/24

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KSCORE Study Night Quiz- 10/8/24
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30 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Property is

real if tangible

personal if a fixture

personal if not real

all of these.

Answer explanation

All property is either real property or personal property

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are two classifications of property; real property and fixtures

True

False

Answer explanation

The two classifications of all property are real property and personal property

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real property is often described as a bundle of rights

True

False

Answer explanation

The bundle of rights includes the legal rights of ownership (possession, use, enjoyment, disposition, and exlcusion)

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Involuntary alienation of an estate means

the estate cannot be transferred without the consent of the owner

ownership of estates may be transferred by operation of law

aliens are forbidden to own estates in fee simple in California

no one can be compelled to transfer title without giving consent

Answer explanation

Alienation means to transfer the title to real property from one person to another. Involuntarily alienation could occur by the operation of law, as in the case of foreclosure due to nonpayment of taxes or other lawful debts.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real property is movable

True

False

Answer explanation

Real property can not be moved

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mineral rights refer to the right to remove substances from the land

True

False

Answer explanation

Mineral rights include solid minerals, such as gold, coal, and iron, as well as fluid minerals, such as oil and gas

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Air rights extend as high as can be reasonably used

True

False

Answer explanation

The government controls the airspace and can impose building height restrictions

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