Property MCQs

?

Which of the following items is tangible personal property?






?

What is an example of property that can be considered either personal property or real property?






?

Which of the following factors help determine whether an item of personal property is a fixture? I. Degree of the item’s attachment to the propert...






?

Getty owned some personal property which was later found by Morris. Both Getty and Morris are claiming title to this personal property. In which of ...






?

Which of the following standards of liability best characterizes the obligation of a common carrier in a bailment relationship?






?

Multicomp Company wishes to protect software it has developed. It is concerned about others copying this software and taking away some of its profit...






?

Which of the following is not correct concerning computer software purchased by Gultch Company from Softtouch Company? Softtouch originally created ...






?

Which of the following statements is correct?






?

Professor Bell runs off fifteen copies to distribute to his accounting class using his computer from a database in some software he had purchased fo...






?

Intellectual property rights included in software may be protected under which of the following?






?

Which of the following statements is not true of the law of trademarks in the United States?






?

Diane Trucco recently wrote a novel which is an excellent work of art. She wishes to copyright and publish this novel. Which of the following is cor...






?

Long, Fall, and Pear own a building as joint tenants with the right of survivorship. Long gave Long’s interest in the building to Green by executi...






?

What interest in real property generally gives the holder of that interest the right to sell the property?






?

Which of the following is not an interest that a person can have in real property?






?

On July 1, Quick, Onyx, and Nash were deeded a piece of land as tenants in common. The deed provided that Quick owned 1/2 the property and Onyx and ...






?

Brett conveys his real property by deed to his sister, Jan, for life with the remainder to go to his friend, Randy, for his life. Brett is still liv...






?

Court, Fell, and Miles own a parcel of land as joint tenants with right of survivorship. Court’s interest was sold to Plank. As a result of the sa...






?

The following contains three fact patterns involving land. In which of the following is an easement involved? I. O sells land to B in which O retain...






?

A method of transferring ownership of real property that most likely would be considered an arm’s-length transaction is transfer by






?

Which of the following elements must be contained in a valid deed? Purchase price . . . Description of the land a. b. c. d.






?

Which of the following warranties is (are) contained in a general warranty deed? I. The grantor has the right to convey the property. II. The grant...






?

For a deed to be effective between the purchaser and seller of real estate, one of the conditions is that the deed must






?

On February 1, Frost bought a building from Elgin, Inc. for $250,000. To complete the purchase, Frost borrowed $200,000 from Independent Bank and ga...






?

On February 1, Frost bought a building from Elgin, Inc. for $250,000. To complete the purchase, Frost borrowed $200,000 from Independent Bank and ga...






?

A purchaser who obtains real estate title insurance will






?

Which of the following is a defect in marketable title to real property?






?

Which of the following is not a necessary element for an individual to obtain title of a piece of real estate by adverse possession?






?

Rake, twenty-five years ago, put a fence around a piece of land. At the time, Rake knew that fence not only surrounded his land but also a sizable p...






?

Gilmore borrowed $60,000 from Dix Bank. The loan was used to remodel a building owned by Gilmore as investment property and was secured by a second ...






?

Wilk bought an apartment building from Dix Corp. There was a mortgage on the building securing Dix’s promissory note to Xeon Finance Co. Wilk took...






?

On April 6, Ford purchased a warehouse from Atwood for $150,000. Atwood had executed two mortgages on the property: a purchase money mortgage given ...






?

Which of the following conditions must be met to have an enforceable mortgage?






?

On February 1, Frost bought a building from Elgin, Inc. for $250,000. To complete the purchase, Frost borrowed $200,000 from Independent Bank and ga...






?

A mortgagor’s opportunity to redeem will be terminated by a judicial foreclosure sale unless






?

Rich purchased property from Sklar for $200,000. Rich obtained a $150,000 loan from Marsh Bank to finance the purchase, executing a promissory note ...






?

Which of the following rights is (are) generally given to a lessee of residual property? I. A covenant of quiet enjoyment. II. An implied warranty ...






?

Which of the following methods of obtaining personal property will give the recipient ownership of the property? Lease . . . . Finding abandoned pro...






?

Which of the following forms of tenancy will be created if a tenant stays in possession of the leased premises without the landlord’s consent, aft...