If ownership of Isaiah's home transfers to his sister upon his death, Isaiah has a __________ in his home.

• possessory interest
• life estate interest
• leasehold interest
• reversionary interest

Select the true statement regardingadverse possessionof real property.

• A possessor may acquire real property through adverse possession only if his or her possession has been continuous.
• A possessor must occupy real property at the owner's invitation in order to qualify for adverse possession.
• Adverse possession is more difficult to attain if the possessor's possession is openly visible to others.
• Adverse possession is a common method of acquiring real property because its requirements are easily met.

A government plane is __________.

• intangible private property
• tangible private property
• tangible fungible public property
• tangible public property

Hallie hires an accountant to file her personal income tax return this year.

Which type of agent relationship does this represent?

• Subagent
• Special agent
• General agent
• Agency coupled with an interest

Which of the following is true of agency relationships?

• Agency relationships arecreated for an agent to act as an intermediarybetween a principal and an employee.
• Agency relationships arecreated for a principal to act as an intermediary betweenan agent and third party.
• Agency relationships are created for a third party to act as an intermediarybetween an employee and an agent.
• Agency relationships are created for an agent to act as an intermediarybetween a principal and a third party.

Who can own property in the United States today?

• All people, animals, and nonhuman legal persons
• People and animals
• All people and some nonhuman legal persons
• Only people

Which of the following is an important purpose of intellectual property rights?

• To encourage inventors to form monopolies
• To advance the public good by encouraging invention
• To prevent others from ever copying an inventor's product
• To promote capitalism and make inventors rich