Which of the Following Statements It True with Regard to Adverse

question 98

Multiple Choice

Which of the following statements it true with regard to adverse possession?

• A)Adverse possession requires the delivery of a deed.
• B)Adverse possession covers all property including those owned by federal and state governments.
• C)Adverse possession requires continuous and uninterrupted occupancy of the property.
• D)Adverse possession covers only voluntary occupancy obtained with the express or implied permission of the owner.

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Definitions:

Lease

A secured arrangement whereby possession of the goods goes to the lessee, while the title to the goods remains with the lessor.

Interest

Money paid at a particular rate for the use of borrowed money, or the right or share someone has in a given asset or wealth.

Fee Simple

The most complete ownership interest one can have in real property, with the absolute right to use it, dispose of it, and inherit it, subject only to government restrictions.

Joint Tenants

A form of co-ownership where two or more persons hold equal shares of a property, with a right of survivorship if one owner dies.