Alt

$"$A$"$ conveys to $"B"$ for as long as $"C"$ shall live, and then to $"$D$.""$C$"$ owns what estate?

A$.$ a life estate

B$.$ an ordinary life estate

C$."$C$"$ owns no estate

D$.$ a reversionary estate

$16.$ Billy signs a two year lease on an apartment, which states he will pay $$1200$ each month for the duration of the lease. At the end of the two years, Billy stays living in the apartment and continues to pay $$1200$ each month. After six months, he buys his first home and moves out of the apartment with no repercussions. What type of leasehold estate did Billy have when he initially moved into the apartment?

A$.$ estate for years

B$.$ periodic estate

C$.$ estate at will

D$.$ tenancy at sufferance

$17.$ Doug sold his land to Kyra with the condition that she cannot tear down the barn. When Kyra razed the barn, Doug exercised his right of re$-$entry. What type of estate did Doug grant to Kyra, and what did he have to do to get it back?

A$.$ determinable fee estate $-$ Doug gets the property automatically.

B$.$ determinable fee estate $-$ Doug must go to court.

C$.$ fee simple subject to a condition subsequent $-$ Doug gets the property automatically.

D$.$ fee simple subject to a condition subsequent $-$ Doug must go to court.

$18."$A$"$ and $"$B$,"$ who are unrelated, own a property as joint tenants. $"$A$"$ owns many other properties, and decides to convey his interest to $"$C$.""$B$"$ then marries $"$C$."$ How do $"$B$"$ and $"$C$"$ hold title?

A$.$ tenants by the entirety

B$.$ joint tenants

C$.$ tenants in common

D$.$ tenancy in severalty

$19.$ A business that is considered a legal person for the purpose of ownership is a

A$.$ sole proprietorship.

B$.$ partnership.

C$.$ corporation.

D$.$ syndicate.

$20."B"$ and $"C,"$ who are cousins, own a property. $"B"$ dies. If $"C"$ received $"B\text{'}$s$"$ interest, what type of co$-$ownership existed?

A$.$ tenants in common

B$.$ life tenants

C$.$ joint tenants

D$.$ tenants by the entirety

$21.$ In which form of ownership do the co$-$owners NOT have a disposable interest?

A$.$ tenants in severalty

B$.$ tenants by the entirety

C$.$ tenants in common

D$.$ joint tenants

$22.$ A married couple, Jean and Arthur, own a property. Each has an inheritable interest. Which of the following is true?

A$.$ They could have acquired their interest by different deeds.

B$.$ Neither can sell his$/$her individual interest without the other's consent.

C$.$ Each must own an equal interest.

D$.$ Each must have acquired his$/$her interest at the same time.

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