1. Scott owns his house completely subject to his mortgage. Which of the following describes Scott's interest?

Group of answer choices

Fee Simple

A License

An Easement

A secured party

2. In 1759, Arthur Guinness leased a brewery in downtown Dublin, Ireland, for 9,000 years, for roughly $45 annually. Which of the following define his interest in that property?

Group of answer choices

Conditional Estate

He has no interest in the property, he is only a tenant

Leasehold Estate

Future interest

3. Which of the following is considered intangible property?

Group of answer choices

A check drawn on a bank account

A house

License plates

Rights to record a song

4. Scott types up a will. Scott's will says upon his death all of his property goes to Ricardo. Scott signs his will before two witnesses. Sometime after drawing up the will, Scott gets into a fight with Ricardo and decides to change his will. After the fight, Scott takes a pen and crosses out Ricardo's name and writes Mike's name. Scott also has a wife, Ally. Assume the state where Scott lives does not recognize holographic wills. Upon his death, who would recover Scott's property?

Group of answer choices

Ricardo. The change is not a valid amendment to his will

Mike. The change is a valid amendment to his will

Ally. The change invalidates the will and she takes through intestacy

The State. The attempt to change the will revokes the will and his property is given to the state

5. Mike enters into a lease for an apartment with Joe. The lease states that Mike shall occupy the apartment from August 15, 2018 to June 1, 2019. What type of lease is the agreement between Mike and Joe?

Group of answer choices

A defined term lease

A periodic term lease

A tenancy at will

A tenancy at sufferance