Property and Correct Answer
Question 1 | 1 out of 1 points | | Real property can be most completely defined as: | | Selected Answer: | (d) land, affixed to land, appurtenances, immovable by law | Correct Answer: | (d) land, affixed to land, appurtenances, immovable by law | | | | | Question 2 | 1 out of 1 points | | Zoning laws have the greatest impact on which "Right" in the Bundle of Rights? | | Selected Answer: | (a) right to use | Correct Answer: | (a) right to use | | | | | Question 3 | 1 out of 1 points | | A deeded easement of right-of-way over the land of another is considered to be: | | Selected Answer: | (c) an appurtenance | Correct Answer: | (c) an appurtenance | | | | | Question 4 | 0 out of 1 points | | An investor leases a building to a tenant who then opens a retail store. The tenant installs a cash register. The cash register is best described as: | | Selected Answer: | (a) personal property | Correct Answer: | (b) trade fixture | | | | | Question 5 | 1 out of 1 points | | Which of the following is considered to be personal property? | | Selected Answer: | (c) mortgage contract | Correct Answer: | (c) mortgage contract | | | | | Question 6 | 1 out of 1 points | | The rights of an owner are referred to as the "Bundle of Rights." Which of these is not one of these rights? | | Selected Answer: | (a) the unrestricted right to the use of riparian waters | Correct Answer: | (a) the unrestricted right to the use of riparian waters | | | | | Question 7 | 1 out of 1 points | | Courts frequently have to make a decision as to whether some item does or does not go with the real property when it is sold. In making their decision, they use the "Five tests of a fixture." These include of the following except: | | Selected Answer: | (c) whether the property is being taxed | Correct Answer: | (c)