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a. Yes C. a. C. 18 What is an example of property that can be considered either personal property or real property? a. Air rights b. Mineral rights c. Harvested crops d. Growing crops (11/98, Law, #15, 6760) 19 Which of the following factors help determine whether an item of personal property has become a fixture? Manner of Value of Intent of affixation the item the annexor Yes Yes Yes b. Yes Yes No Yes No Yes d. No Yes Yes (5/95, Law, #55,5389) 70 Which of the following items generally will be considered personal property? a. Crops sold as part of the sale of land b. Plumbing fixtures sold as part of the sale of a house C. Copyrights d. Air rights (R/99, Law, #19, 6870) 31. Which of the following statements is the best definition of real property? a. Real property is only land. b. Real property is all tangible property including land. C. Real property is land and intangible property in realized form. d. Real property is land and everything permanently attached to it. (R/06, REG, 1583L, #29, 8199) 22 Long, Fall, and Pear own a building as joint tenants with the right of survivorship. Long gave Long's interest in the building to Green by executing and delivering a deed to Green. Neither Fall nor Pear consented to this transfer. Fall and Pear sub- sequently died. After their deaths, Green's interest in the building would consist of a. A 1/3 interest as a joint tenant b. A 1/3 interest as a tenant in common C. No interest because Fall and Pear did not con- sent to the transfer d. Total ownership due to the deaths of Fall and Pear (11/95, Law, #51, 5920) 23 which of the following unities (elements) are required to establish a joint tenancy? Time Title Interest Possession Yes Yes Yes b. Yes Yes No No No No Yes Yes d. Yes No Yes No (5/93, Law, #52, 4020) 74. A person may own property as a joint tenant with the right of survivorship with any of the following except a(an) a. Divorced spouse b. Related minor child c. Unaffiliated corporation d. Unrelated adult (5/90, Law, #50, 8032) 25 A method of transferring ownership of real property that most likely would be considered an arm's-length transaction is transfer by a. Inheritance b. Eminent domain c. Adverse possession d. Sale (11/95, Law, #52, 5921) 2. For a deed to be effective between a pur- chaser and seller of real estate, two of the conditions is that the deed must a. Be recorded within the permissible statutory time limits b. Be delivered by the seller with an intent to trans- fer title C. Contain the actual sales price d. Contain the signatures of the seller and pur- chaser .e. Contain a sufficient description to identify the real property (5/95, Law, #53, amended, 5387) 27 Which of the following warranties is(are) con- tained in a general warranty deed? 1. The grantor has the right to convey the property. II. The grantee will not be disturbed in posses- sion of the property by the grantor or some third party's lawful claim of ownership. a. I only b. ll only c. 1 and 11 d. Neither I nor 11 (5/93, Law, #53, 4021)