Question
1. which of the following is a possessory interest in land? a. fee simple absolute b. easement c. profit d. license 2. On July 1,
1. which of the following is a possessory interest in land?
a. fee simple absolute
b. easement
c. profit
d. license
2. On July 1, 2010, Able, Baker and Charlie were deeded a piece of property as tenants in common. The deed provided that Able owned half the property and Baker and Charlie owned 25% each, if charlie dies, the property will be owned as follows:
a. able 1/2, baker 1/2
b. able 5/8, baker 3/8
c. able 1/3, baker 1/3, and charlie's heirs 1/3
d. able 1/2, baker 1/4 and charlie's heirs 1/4
3. what is a holographic will?
a. A will that is entirely handwritten and signed by the testator
b. a will that requires the beneficiary to be the witness of the will
c. a will that is revoked on behalf of a testator by a legal attorney
d. a will that is orally declared at a testator's deathbed
4. Laura Dern received a check from UMB. She indorsed the check as follows: "for deposit only, /s/ Laura Dern". Laura's indorsement is:
a. | a blank indorsement |
b. | a special indorsement |
c. | a restrictive indorsement |
d. none of the above
5
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