Question
1. All of the following statements concerning property are correct EXCEPT a.) Crops growing on land are real property. OR b.) A mortgage on real
1. All of the following statements concerning property are correct EXCEPT
a.) Crops growing on land are real property.
OR
b.) A mortgage on real estate is real property.
2. All of the following statements concerning property held by a married couple as tenants by the entirety are correct EXCEPT
a.) The entire property must be included in the estate of the first to die.
OR
b.) Neither spouse can unilaterally transfer his or her interest.
3. (?) owners may have sole ownership, while (?) and (?) may have two or more owners. (?) and (?) ownership types must have exactly two co-owners.
4. Which of the following ownership types pass through probate? Hint: more than one answer is correct. Select all that apply.
community property
fee simple
tenancy by the entirety
tenancy in common
joint tenancy with right of survivorship
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