After Saving His Money for Years, Taylor Was Finally Able

question 127

Multiple Choice

After saving his money for years, Taylor was finally able to buy property with a small house and a lake. Which of the following is false?

• A) His ownership extends to include fixtures.
• B) Taylor owns all of the area above his land and all of the land below.
• C) Despite the extent of his interest, the Crown can grant the mineral rights to someone else.
• D) Taylor's interest is referred to as a fee simple.
• E) He can sell part of his interest and create a joint tenancy.

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Acquisition refers to the process of gaining new information, skills, or assets.