Question

Zora, Heathcliff, Manuel, and Mohammad own a large commercial building as joint tenants.

If Heathcliff executes a will that leaves all of his property to his alma mater university, who owns the property when Heathcliff dies?

A.

Zora, Manuel, and Mohammad each own a one-third interest in the building.

B.

Zora, Manuel, and Mohammad each own a life estate in the building that will go to the university upon their deaths.

C.

Zora, Manuel, Mohammad, and the university each own a one-quarter interest in the building.

D.

It will depend on what the probate judge rules.

E.

The university owns the entire building in fee simple.

Which of the following is NOT a way ownership of real property can be transferred from one person to another?

A.

will

B.

tax sale

C.

gift

D.

revocation

E.

sale

Which of the following is NOT true about adverse possession?

A.

The adverse possessor must occupy the property so as to put the owner on notice of the possession.

B.

Any break in normal occupancy terminates the adverse possession.

C.

The possessor must occupy the property with the express or implied permission of the owner.

D.

The time period varies from state to state, but is usually between 7 and 20 years.

E.

The adverse possessor must physically occupy the premises.

If Kiki buys a lot from Joey that is landlocked (meaning the purchased lot has no direct access to a road ), if Kiki can drive over Joey's lot to reach the nearest road, this is known as an easement by ________.

A.

necessity

B.

grant

C.

prescription

D.

implication

E.

reservation

Answer 1

Answer : 1

A. Zora, Manuel, and Mohammad each own a one-third interest in the building.

• When a property is owned by Joint tenants, the interest of a deceased owner automatically gets transferred to the remaining surviving owners.
• This is called the right of survivorship.

Answer : 2

Ownership of real property can't be transferred from one person to another by Revocation. (Option-D Revocation)

Answer : 3 The possessor must occupy the property with the express or implied permission of the owner.

Steps of an Adverse Possession, are

• Occupy the land in a “hostile” fashion. Adverse possession requires that you make a “hostile” claim on the land.
• Possess the land.
• Occupy the land in an “open and notorious” fashion. ...
• Possess the land continuously and exclusively. ...
• Pay taxes on the property. ...
• Read your state law. ...
• Perform a title search.

Answer : 4 Easement by necessity.

• An easement by necessity is an easement that is granted when two parcels are situated such that the non-owner's parcel of land is landlocked. In that regard, the easement allows the non-owner to pass over the owner's land in order to gain access to a public road