Study (Principles 1) Real Property Flash Cards

 
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(Principles 1) Real Property

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If court learns that a wall-to-wall carpet is tacked down to floor of property, court will consider which tests of fixture in determining whether or not carpet is a fixture?
Method of Attachment
Real property includes land, natural things permanently attached, man-made things permanently attached, as well as all legal rights associated with ownership and is
Immovable
Deed is issued to transfer title to which kind of property?
Real
Developer wishes to build commercial building in space over railroad tracks. To do this, developer must purchase which right from owner?
Air
Which is the right to use property in any legal manner?
Enjoyment
Property owner's right to revert his or her yard to its "natural" state is an example of the right of
Control
"real property" refers to an individual's rights regarding real estate that he or she owns T/F?
T
Which is the right to sell or give property to someone else?
Disposition
Which condition is a factor to be considered in deciding whether a manufactured home is real property?
All of the Above
Which term refers NOT only to the surface of the earth, but also below to the center of the earth, above to infinity, and natural things permanently attached?
Land
Lumber is used to build a house so that what was personal property (lumber) is now real property (the house). The process is called
Attachment
Which term refers to the surface of the earth, below to the center of the earth, above to infinity, natural things permanently attached, man-made things permanently attached, and legal interests, rights, and privileges?
Real Property
In real estate transaction, ornamental shrubs around house are considered to be which kind of property?
Real
If there is damage to property when trade fixture is removed, which party pays for damage?
Tenant
Which is owned by the tenant?
Trade Fixture
Which term refers NOT only to the surface of the earth, but also below to the center of the earth, above to infinity, natural things permanently attached, and man-made things permanently attached?
Real Estate
Which are included in real estate sales contract?
Fixtures
In deed, which indicates subsurface interests that are being retained by seller?
Reservation
Attaching manufactured home to permanent foundation is one of the requirements for treating home as which kind of property?
Real
Cultivated annual crops are classified as which kind of property?
Personal
In real estate transaction, refrigerator is considered to be which kind of property?
Personal
If court learns that seller listed several items in sales contract that she wanted to take with her and buyer agreed to contract, court will be considering which in determining whether or not those items are fixtures?
Written Agreement of the Parties
Tree is cut down for lumber so that real property (tree) is now personal property (lumber). The process is called
Severance
If court learns that house in question has storm windows that are custom made, court will be considering which in determining whether or not storm windows are fixtures?
Adaptation of the Item
In a real estate transaction, which type of property generally transfers to purchaser upon sale of property?
Real
The term real property is synonymous with the term real estate T/F?
F
If the court learns that the seller placed a sign that said "Not Included" on stove every time buyer looked at property, court will be considering intention of parties in determining whether or NOT stove is a fixture T/F?
T
Seller notes in listing agreement and sales contract that he is taking drapes with him; therefore, drapes are classified as personal property T/F?
T
For manufactured home to be considered real estate, owner must elect to treat home as real property T/F?
T
Property owner's right to tell neighbors that they cannot take a shortcut through his or her yard to get to the nearby lake is right of possession T/F?
F
If landowner sells his or her rights to any oil and gas found in land to an oil company, the same landowner cannot sell remaining interest to a purchaser and reserve rights to all coal that may be found in land T/F?
F
As long as an annual crop is growing, it will be transferred as part of real property unless other provisions are made in sales contract T/F?
T
The term land refers to surface of earth, underlying soil, and things that are attached permanently to land by nature, such as trees and water but does NOT include possession and control of minerals and substances below earth's surface
T/F?
F
Trade fixture is automatically included with real property when sale occurs, unless other provisions are made in sales contract T/F?
F
By attachment, you can change personal property to real property T/F?
T
The right of possession is included in definition of " real estate T/F?
F
The term real estate includes not only physical components of land as provided by nature but also all man-made permanent improvements on and to land T/F?
T
Fixture is automatically included with real property when sale occurs, unless other provisions are made in sales contract T/F?
T
It is possible to change an item of real estate to personal property but NOT to change personal property into real estate T/F?
F
Adaptation of article to use in particular building is generally considered the MOST important factor in court's deciding whether an article is a fixture T/F?
F
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