Chapter 5- Study Guide

What does 'police power' refer to in governmental terms?

• The right to impose taxes

• The right to acquire property

• The right to impose laws, statutes, and ordinances

• The right to prevent property from being ownerless

Eminent domain refers to the ______ held by the government.

• right

• privilege

• duty

• obligation

What is the process called when a government acquires private property for public use through legal proceedings?

• Taxation

• Condemnation

• Escheat

• Police power

Escheat is the reversion of property to the state or county in cases where a descendant dies intestate without heirs.

• True

• False

What is a freehold estate?

• A type of property ownership where the owner has indefinite ownership rights

• A temporary right to occupy a property

• A lease agreement for a fixed term

• A type of property ownership with restrictions on use

Which of the following is the highest form of ownership with no limits?

• Life estate

• Fee simple estate

• Defeasible fee estate

• Pur autre vie

What is a life estate based on?

• The duration of a person's life

• The value of the property

• The location of the property

• The type of property

Which type of estate is created by the intentional act of the owner?

• Freehold estate

• Conventional life estate

• Fee simple estate

• Defeasible fee estate

What does 'pur autre vie' mean in English?

• 'for another life'

• 'for a pure life'

• 'for a new life'

• 'for a different life'

Which of the following statements is true about a fee simple determinable estate?

• The estate cannot be inherited.

• The estate automatically terminates upon violation of the condition of ownership.

• The owner has the right of reentry.

• The estate is not limited by public and private restrictions.