Chapter 2

Question 1

A parcel of real property may include

Answer 1

land and improvements.
mineral rights, trees, houses and septic tanks.
airspace, surface, and ground beneath the surface

Question 2

Which of the following are ownership rights as contemplated in the “bundle of rights”?

Answer 2

To use, sell, or lease the property AND To enter, give away, or do nothing with the property.

Question 3

Which of the following is NOT one of the “Bundle of Rights”?

Answer 3

Right of unrestricted use

Question 4

Riparian rights relate to the use and ownership of water in

Answer 4

non-navigable rivers and streams.

Question 5

The rights to the water and ownership of the land up to the high-water mark of land abutting or bordering navigable bodies of water are

Answer 5

Littoral Rights

Question 6

Personal property is most easily distinguished from real property by its

Answer 6

mobility

Question 7

Owners are building a new enclosed porch on a home. The lumber dealer with whom they are contracting has just unloaded a truckload of lumber in front of their house that will be used to build the porch. At this point, the lumber is considered to be

Answer 7

Personal Property

Question 8

In discussing the terms of a sale, a licensee makes reference to emblements. Emblements has to do with

Answer 8

crops produced annually by labor and industry

Question 9

Which of the following tests would be used to determine if an item of personal property has become a fixture and, thus, real property?

Answer 9

The adaptation of the item to the premises.
An agreement between the parties involved.
The intention of the parties

Question 10

The fact that no two parcels of land can occupy the same location gives land the characteristic of

Answer 10

Heterogeneity

Question 11

As distinguished from personal property, real property

Answer 11

is considered permanent, fixed and immovable.

Question 12

Man-made permanent additions to land are called

Answer 12

Improvements