Property Law

Property is divide into two classifications:

• Grass and Air

• Fake Property and Real Property

• Fixtures and money

• Real Property and Personal Property

What is the Ownership of the Greatest Degree?

• Fee Simple Absolute

• Original Owner

• Easements

• Joint Tenancy

Which Tenancy passes on to the living tenant when the tenant in common dies?

• Tenancy In Common

• Future Interest

• Joint Tenancy

• Common Tenancy

Ownership of Real Property can be transferred in what ways?

• Sale

• Inheritance

• Gift

• All of the above

A title examination requires

• That an examiner check records carefully to be certain the seller is the actual owner of the property

• That the examiner looks at the property to make sure there are no infestation of pests

• That the examiner studies the sales contract to make sure its correct

• All of the above

Tangible personal property are:

• Physical items of value

• Money or pensions

• Attached to the land

• the mineral rights under a piece of property