Correct statement regarding quitclaim deed

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Reference no: EM132194848

1. Which of the following is an INCORRECT statement regarding fixtures?

A. Certain personal property is so closely associated with real property that it becomes part of the realty.

B. Unless otherwise? provided, if a building is? sold, the fixtures are included in the sale.

C. Throw rugs are fixtures.

D. Kitchen cabinets are fixtures.

E. Doorknobs are fixtures.

2. Edwardo, an owner of real property, conveys his property "to Carmen Lawson for life." If the property will go to Edwardo or his estate upon Carmen's death, his interest is known as a ________.

A. reversion

B. remainder

C. tenancy in common

D. tenancy by the entirety

E. cooperative

3. Edwardo, an owner of real property, conveys his property "to Carmen Lawson for life, then to Raul Sanchez." If the property will go to Raul after Carmen's death, Raul's interest is known as a ________.

A. tenancy by the entirety

B. reversion

C. cooperative

D. remainder

E. tenancy in common

4. Which of the following is a correct statement regarding a quitclaim deed?

A. In a quitclaim deed, the grantor guarantees that he or she owns the property.

B. Quitclaim deeds are least often used when property is transferred between relatives by gift or otherwise.

C. A quitclaim deed provides the greatest amount of protection to a grante

D. Quitclaim deeds are usually used as a deed from a seller to a buyer.

E. A quitclaim deed is a deed in which the grantor transfers only whatever interest he or she has in the real property.

5. Which of the following is NOT true about adverse possession?

A. Property owned by federal, state, and local governments can be subject to adverse possession.

B. If the elements of adverse possession are met, the adverse possessor acquires clear title to the land.

C. Under the doctrine of adverse possession, the transfer of the property is involuntary and does not require the delivery of a deed.

D. Under adverse possession, title is acquired only as to the property actually possessed and occupied during the statutory period and not the entire tract.

E. In most states, a person who wrongfully possesses someone else's real property obtains title to that property if certain statutory requirements are met.

6. Which of the following is NOT a requirement for adverse? possession?

A. continuous and peaceful

B. hostile and adverse

C. secret and covert

D. actual and exclusive

E. for a statutorily prescribed period of time

7. If Cai Zhang gives her neighbor who owns a driveway that runs along the property line with another neighbor permission to use the? driveway, this is known as an easement by? ________.

A. reservation

B. implication

C. necessity

D. prescription

E. grant

8. Zoning generally does all of the following? EXCEPT?

A. establishes land use districts within a municipality

B. restricts the location of buildings on a building site

C. establishes aesthetic requirements for the exterior of buildings

D. restricts the height and size of buildings on a building site

E. establishes aesthetic limitations for the interior of buildings

9. Zoning laws act _____; that is, uses and buildings that already exist in the zoned area are permitted to continue even though they do not fit within new zoning ordinances. Such uses are called _____ uses.

A. prospectively; compliant

B. prospectively; conforming

C. retroactively; nonconforming

D. retroactively; conforming

E. prospectively; nonconforming

Reference no: EM132194848

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