Question
1. Provide a definition and an example of each of the following: a. Tangible property b. Intangible property c. Real property d. Personal property e.
1. Provide a definition and an example of each of the following: a. Tangible property b. Intangible property c. Real property d. Personal property e. Fixture
2. How can title to personal property be transferred? How is title to real property transferred?
3. What is a bailment? What types of bailments exist? Please provide some examples of each.
4. What is a fee simple estate? What is a life estate? 5. What is the difference between a remainder interest and a reversionary interest?
6. What are the landlords obligations in a lease and, likewise, what are the tenants obligations in a lease?
7. Explain the implied warranty of habitability and provide an example of whattypes of things would constitute a violation of this warranty.
8. What is community property?
9. What are the differences between a general warranty deed, a special warrantydeed, and a quitclaim deed? 10. What is adverse possession?
11.Al marries Betty. They buy a house together and subsequently have three children, being Carol, Dave, and Evan who all grow up into adults and move out. Years later, Betty dies with a will that leaves everything she owns to Al and Alproperly probates the will. After several years, Al marries Faye who sells all ofher belongings, quits her job, and moves into the house with Al where they have avery happy and lengthy marriage. Al does not create his will. Al dies. Who isentitled to receive the house?
12. Al marries Betty. They subsequently have three children, being Carol, Dave, andEvan. Betty dies. Years later, Al marries Faye and they buy a house together. Aldoes not create his will. Al dies. Who is entitled to receive the house?
13. Al marries Betty. They buy a house together and subsequently have three children, being Carol, Dave, and Evan who all grow up into adults and move out.Years later Betty dies with a will that leaves everything she owns to Al and Alproperly probates the will. After several years, Al marries Faye who sells all ofher belongings, quits her job, and moves into the house with Al where they have avery happy and lengthy marriage. Al creates his will leaving all of his assets toFaye. Al dies. Who is entitled to receive the house?
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