1. What is a fixture?

a. An item that was fixed.

b. Personal property that resides within a unit of real property.

c. Personal property that was transformed into real property.

d. Real property that was transformed into personal property.

2. How do you call the set of rights held by a tenant who stays in the rented unit after the contract expires, without extending it and without paying rent?

a. Periodic tenancy

b. Tenancy at sufferance

c. Simple fee

d. Fixture rights

3. If you buy a plot, which of the following will be owned by you? (Please choose all correct answers)

a. The surface of the earth contained within the plot.

b. Wild animals living on the plot.

c. Airspace above the surface including airspace commonly used by commercial airplanes.

d. Minerals under the surface of the plot.

4. Which of the following ownership model includes the biggest amount of rights?

a. Legal Life Estate with remainder interest

b. Fee simple conditional

c. Fee simple absolute

d. Ordinary Life Estate

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 1 c Personal property that was transformed into real property A fixture is an item that w... View the full answer