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1
Distinguishing between real and personal property is important because rules of law governing each are different.
A)True
B)False
2
A commercial tenant who attaches a piece of machinery to the land may be able to remove that item of property if it falls within the "trade fixtures" exception to the fixture rule.
A)True
B)False
3
The right to enter land and remove oranges from orange trees on that land is known as a profit.
A)True
B)False
4
A zoning ordinance would not violate a person's ability to use his or her land for commercial use if the ordinance provides the landowner a "reasonable opportunity" for him to use the land.
A)True
B)False
5
A lawsuit for an alleged public nuisance may usually be brought by an individual homeowner.
A)True
B)False
6
A trade fixture becomes part of the real property and stays with it at the end of a lease term.
A)True
B)False
7
A person who owns property outright without any condition or future contingency affecting title is said to hold the property in:
A)Nonfreehold Estate.
B)Fee Simple Absolute.
C)Life Estate.
D)Fee Simple Defeasible.
E)Joint Tenancy.
8
Owen conveys Blackacre to Alan and Lisa, brother and sister. The deed states that Alan and Bob are to hold Blackacre 75% and 25%, respectively. Under these facts:
A)Alan and Bob hold Blackacre as joint tenants with right of survivorship.
B)Alan and Bob hold Blackacre as joint tenants with no right of survivorship.
C)Alan and Bob hold Blackacre as tenants in common.
D)Alan and Bob hold Blackacre as tenants by the entirety.
E)Alan and Bob receive no interest in Blackacre -- the conveyance is invalid.
9
Bob sold Blackacre, and orange grove, to Lisa, reserving a right to reenter Blackacre for the purpose of removing oranges from the orange trees once each year. The best description of Bob's interest is a:
A)License.
B)Profit.
C)Easement.
D)Covenant.
10
Phil owned land on which he operated a small liquor store. The city government decided that his land would be better used as a shopping center. In order for the city to take Phil's land:
A)it must demonstrate that taking the land is in the public's best interest.
B)it must pay Phil the fair market value for his land.
C)it must pay Phil the value of any goodwill of his store.
D)Both A and B
E)All of the above





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