Solved > 11.Personal property may be: A.Real and tangible B.Real:1640699 …

11.Personal property may be:

A.Real and tangible

B.Real and intangible

C.Real and unreal

D.Tangible and intangible

12.A building sitting on the land is best characterized as:

A.Real property

B.Fixture

C.Tangible personal property

D.Intellectual property

13.Which of the following items would most likely not be regarded as a fixture?

A.In ground swimming pool

B.Central air conditioning unit

C.Curtain rods

D.Crystal chandelier

14.In real estate law, fixtures may be best characterized as:

A.Natural features upon the land

B.Personal property that is portable and unattached to the property

C.Items of personal property that are regarded as part of the realty

D.Equipment used to measure area

15.The primary reason some personal property is regarded as a fixture is to:

Prevent theft

Prevent damage to the real property

Ensure the buyer receives the benefit of the bargain

Ensure the seller receives the benefit of the bargain B

16.Which of the following is typically not a factor to consider in determining whether an item of personal property is a fixture or not?

A.The means and method of attachment

B.The intent of the party who originally attached the property

C.The relationship of the parties involved

D.The overall cost of the property attached

17.“Rights appurtenant” refers to:

A.The bundle of rights which accompanies the ownership of land

B.The dominant tenement in an easement

C.Rights associated with the acquisition of a fixture

D.Rights in intangible property

18.Which of the following is not true about the bundle of rights?

A.It includes the right to occupy a parcel of land

B.It includes mineral rights and riparian rights

C.It includes the rights which accompany ownership of land

D.Rights may not be sold or transferred to another

19.The right to possess or occupy a parcel of real estate:

A.Mineral rights

B.Surface rights

C.Air rights

D.Riparian rights

20.Which of the following is not true about rights appurtenant?

Mineral rights may be leased, sold, or transferred

Surface rights extend to the right to till the land

Air rights always extend to infinity without limitation

Riparian rights include the right to preservation of the view of the water

21.Rogers and Hart, LLP, represents clients in the purchase, sale, and development of real estate. Although the firm covers all aspects of the typical real estate deal, they do not handle real estate litigation. Rogers and Hart would be best characterized as limiting their practice to:

A.Use-related real estate

B.Transactional real estate

C.Statutory real estate

D.Practical real estate

22.Old Macdonald is harvesting his sweet corn crop for sale at the local farmers’ market. The corn he intends to sell would most likely be characterized as:

A.Real property

B.Fixture

C.Tangible personal property

D.Tangible real property

23.The Marvins just sold their house to the Farkle family. The Marvins intend to remove the automatic garage door opener and take it with them to their new home.   A. The Marvins may not remove the garage door opener because it is a fixture   B. The Marvins may not remove the garage door opener because it is an item of personal property

C. The Marvins may remove the garage door opener because it is a fixture   D. The Marvins may remove the garage door opener because it is an item of personal property

24.Bob is engaged in a dispute with an adjacent landowner over a creek that runs between their two properties. Bob wants to erect a dock on his property so he can access the creek in his boat. Bob’s neighbor claims that Bob has no such right. This dispute is most likely based on which of the so-called bundle of rights?

Air rights

Riparian rights

Surface rights

Avian rights

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