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American Property: Freedom, Liberty & Ownership FINAL EXAM American Property: Freedom, Liberty & Ownership Final Exam
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  1. Question 1 of 43
    1. Question

    How important were property rights to the Founding Fathers?

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  2. Question 2 of 43
    2. Question

    A Special Warranty Deed promises that…

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  3. Question 3 of 43
    3. Question

    The saying “Possession is 9/10ths of the Law” is…

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  4. Question 4 of 43
    4. Question

    Most real estate deals require a…

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  5. Question 5 of 43
    5. Question

    The saying “Possession is 9/10ths of the Law” is…

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  6. Question 6 of 43
    6. Question

    Marketable Title means…

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  7. Question 7 of 43
    7. Question

    Which of the following is NOT a way to acquire property under current US law?

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  8. Question 8 of 43
    8. Question

    Mortgages are viewed as having a ______ level of security as Lendor holds title until paid.

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    Incorrect
  9. Question 9 of 43
    9. Question

    Once hit, a baseball is considered…

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  10. Question 10 of 43
    10. Question

    Which of the following is NOT true about a License?

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    Incorrect
  11. Question 11 of 43
    11. Question

    Which is the following is NOT true about oil, gas and underground resources?

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    Incorrect
  12. Question 12 of 43
    12. Question

    Which of the following is NOT a way to create an easement?

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  13. Question 13 of 43
    13. Question

    What are the two theories of water rights?

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  14. Question 14 of 43
    14. Question

    Which of the following is NOT an element of adverse possession?

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    Incorrect
  15. Question 15 of 43
    15. Question

    Which of the following are the three elements for Real Covenants?

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    Incorrect
  16. Question 16 of 43
    16. Question

    Inquiry Notice means that homeowners must be aware of…

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  17. Question 17 of 43
    17. Question

    The length of time required for adverse possession in each state is…

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  18. Question 18 of 43
    18. Question

    Which of the following is NOT a reason to terminate a real covenant?

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  19. Question 19 of 43
    19. Question

    Which of the following is a GOOD tip for preventing adverse possession?

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  20. Question 20 of 43
    20. Question

    What is the most important right given by a landlord to a tenant under a lease?

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  21. Question 21 of 43
    21. Question

    In which part of the Constitution is Eminent Domain (the Taking Clause) found?

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  22. Question 22 of 43
    22. Question

    What standard of habitability does the landlord need to provide a renter?

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  23. Question 23 of 43
    23. Question

    Which of the following is NOT an element of Eminent Domain?

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  24. Question 24 of 43
    24. Question

    Which of the following methods is appropriate for determining “just compensation” for a taking?

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    Incorrect
  25. Question 25 of 43
    25. Question

    In the Supreme Court case, Kelo v. New London, the government took private land to build a…

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    Incorrect
  26. Question 26 of 43
    26. Question

    Which of the following is NOT true about civil asset forfeiture?

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    Incorrect
  27. Question 27 of 43
    27. Question

    Which is an example of a PRESENT interest in property?

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  28. Question 28 of 43
    28. Question

    Which of the following is an example of a future interest in property?

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  29. Question 29 of 43
    29. Question

    The Rule Against Perpetuities is…

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  30. Question 30 of 43
    30. Question

    Which of the following is an advantage of Trusts over Wills?

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  31. Question 31 of 43
    31. Question

    In Joint Tenancy, each owner has….

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  32. Question 32 of 43
    32. Question

    The difference between a tenancy in common and a joint tenancy is that a tenancy in common has…

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  33. Question 33 of 43
    33. Question

    Tenancy by the Entirety is…

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  34. Question 34 of 43
    34. Question

    Which of the following is true about timeshares?

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  35. Question 35 of 43
    35. Question

    Marital Property is…

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  36. Question 36 of 43
    36. Question

    States view martial property in one of two ways, either common law or _________

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  37. Question 37 of 43
    37. Question

    In Common Law states, Equitable Distribution considers which of the following factors:

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  38. Question 38 of 43
    38. Question

    In Community Property States, the presumption is that….

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  39. Question 39 of 43
    39. Question

    Which is NOT a factor used to determine domicile for marital property purposes?

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  40. Question 40 of 43
    40. Question

    Palimony is…

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  41. Question 41 of 43
    41. Question

    Which of the following is NOT an essential element of a contract?

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  42. Question 42 of 43
    42. Question

    The three main types of deed are General Warranty Deed, Special Warranty Deed, and ___________.

    Correct
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  43. Question 43 of 43
    43. Question

    Which is the correct order of deed from highest protection for the buyer to lowest protection

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    Incorrect

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