Property Law

What kinds of things can happen when property rights are not clearly defined or enforced?

• apathy

• theft

• destruction of property

• inefficiency

Government has the power to place restrictions on the use of business and individual property. What restriction does this excerpt from the Fifth Amendment directly address?

• the power to regulate how property is used

• the power to limit certain kinds of property to zones

• the power to take property through eminent domain

• the power to take property without due process of law

The rights of an individual to own, use, rent, invest in, buy, and sell property

• Property Rights

• Protective Tariffs

• Laissez Faire

• Unalienable Rights

Government has the power to place restrictions on the use of business and individual property. What restriction does this excerpt from the Fifth Amendment directly address?

• the power to regulate how property is used

• the power to limit certain kinds of property to zones

• the power to take property through eminent domain

• the power to take property without due process of law

What is the legal term for the right to use someone else's land for a specific purpose?

• Easement

• Lease

• License

• Tenancy

Which of the following is a type of co-ownership where each owner has an undivided interest in the property?

• Joint Tenancy

• Tenancy in Common

• Tenancy by the Entirety

• Community Property

What is the process called when the government takes private property for public use, with compensation?

• Eminent Domain

• Adverse Possession

• Zoning

• Foreclosure

Which legal doctrine allows a person to gain ownership of land by openly occupying it for a certain period of time?

• Adverse Possession

• Easement by Prescription

• Squatter's Rights

• Homesteading

What is the term for a legal claim against a property, often used as security for a debt?

• Lien

• Mortgage

• Encumbrance

• Covenant

Which of the following is NOT a type of property ownership?

• Fee Simple

• Life Estate

• Leasehold

• Easement