2 - Real Property and the Law

Question 1

Littoral rights pertain to:

Accepted Answer

Land bordering navigable bodies of water

Question 2

Subsurface rights include

Accepted Answer

Minerals and other substances below the surface

Question 3

Trade Fixtures are customarily considered to be:

Accepted Answer

Personal Property of the tenant

Question 4

Immobility, Indestructibility and Uniqueness are characteristics of:

Accepted Answer

Land

Question 5

The two types of water rights dealing with rivers and streams are:

Accepted Answer

Riparian and Littoral Rights

Question 6

Accretion is the increase in land resulting from soil deposits from water action

Accepted Answer

True

Question 7

Surface rights may be sold or leased to others

Accepted Answer

True

Question 8

Fixtures do NOT include:

Accepted Answer

Lamps

Question 9

Avulsion is the sudden removal of soil due to an act of nature

Accepted Answer

True

Question 10

Real Property is anything not considered personal property

Accepted Answer

True

Question 11

Personal property can be changed to real property by:

Accepted Answer

Annexation

Question 12

Erosion is the gradual wearing away of land due to the action of water over time.

Accepted Answer

True

Question 13

The bundle of legal rights does NOT include:

Accepted Answer

Revision

Question 14

Scarcity, Improvements, Permanence and Area Preference are all:

Accepted Answer

Economic Characteristics of land

Questions 14