1. All of the following statements concerning property are correct EXCEPT

a- A mortgage on real estate is real property.

b- A bond issue secured solely by the assets of a corporation is intangible personal property

c- Any property that is not real property is personal property.

d- Crops growing on land are real property.

2- All of the following are considered real property EXCEPT

a- vacant storage warehouse

b- large desert cactus

c- waste dump

d-residence rental lease

3- When joint tenants (in JTWROS) die, and only one joint tenant remains, that person owns the property fee simple absolute.

True False

4- All of the following are types of interests in property EXCEPT

a- joint tenancies

b- tenancies in common

c- deeds

d- life estate