1. CPA QUESTION: On July 1, 1992, Quick, Onyx, and Nash were deeded a piece of land as tenants in common. The deed provided that Quick owned one half the property and Onyx and Nash owned one quarter each. If Nash dies, the property will be owned as follows:
A. Quick 1/2, Onyx 1/2
B. Quick 5/8, Onyx 3/8
C. Quick 1/3, Onyx 1/3, Nash’s heirs 1/3
D. Quick 1/2, Onyx 1/4, Nash’s heirs 1/4

2. Marta places a large, prefabricated plastic greenhouse in her backyard, with the steel frame bolted into concrete that she poured specially for that purpose. She attaches gas heating ducts and builds a brick walkway around the greenhouse. Now the town wants to raise her real property taxes, claiming that her property has been improved. Marta argues that the greenhouse is not part of the real property. Is it?
A. The greenhouse is not part of the real property because it was prefabricated.
B. The greenhouse is not part of the real property because it could be removed.
C. The greenhouse cannot be part of the real property if Marta owns a fee simple absolute.
D. The greenhouse is a fixture and is part of the real property.
E. The greenhouse is an easement, and is part of the real property.

3. A pro football team ejects five fans for rowdy behavior. The team is
A. Revoking an easement
B. Reserving an easement
C. Terminating a profit
D. Revoking a license
E. Condemning certain use

4. Takeoff Construction is struggling financially, and to save money, has “cut corners” in two construction projects: a three-story office building and a large house. In both buildings, the company used cheap structural supports, pipes, and insulation, which it knows will not last long. Both properties sell, and neither buyer asks about those specific materials. Six months later, both buyers sue, based on Takeoff ’s shabby material and workmanship.
A. The homeowner will win but the office buyer will lose.
B. The office buyer will win but the homeowner will lose.
C. Both the homeowner and office buyer will win.
D. Both the homeowner and office buyer will lose.
E. In both cases, a jury will decide whether Takeoff “adequately responded to all questions the buyer posed.”

5. A common security interest in real property is
A. A profit
B. A license
C. An easement
D. A mortgage
E. A warranty