Which One the Following Is True with Regard to Real-Property

question 195

Multiple Choice

Which one the following is true with regard to real-property law?

• A) If two people own land as tenants in common, the surviving joint owner takes the interest of the deceased co-owner.
• B) The "leashold estate" interest in land is the greatest interest that can be granted and bestows the rights to use or sell the property.
• C) Property includes only the land and not the buildings attached to it.
• D) A person who owns an interest less than an estate (e.g., a right of way) has a right to exclusive possession of that property.
• E) A legal, registered restrictive covenant "runs with the land"; i.e., it can bind subsequent owners who were not parties to the original contract under which it arose.

Distinguish between tangible and intangible personal property.

Understand the conditions under which a person can claim ownership or possession of property.

Recognize the legalities involved in conditional gifts and their revocability.

Grasp the concept of liability in situations of negligence related to personal property.

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