John enters into an oral contract with Sam to purchase land for $50,000. No money changes hands. When Sam then sells the land to Rachel, John may:

successfully sue Sam to enforce the contract

successfully sue Sam for breach of contract

not enforce the contract because it was not in writing

receive punitive damages

both a & b

Real estate contracts are required to be in writing in order to satisfy the terms of the:

Group of answer choices

Statute of Limitations

Codes

Statute of Frauds

Statute of Fraudulent Contracts

Rule Against Perpetuity

Who may make a deed?

Group of answer choices

any adult

a competent adult who is of sound mind

any minor or adult who is of sound mind

any adult who has hired a real estate attorney

What constitutes ownership with right of survivorship where two (2) or more (not necessarily related) persons each have an undivided ownership interest in property?

Group of answer choices

Tenancy of Years

Joint Tenancy

Tenancy in Common

Tenancy by the Entirety

What constitutes ownership by two (2) or more persons where each owns a certain proportion of the property and right to enjoy the whole without right of survivorship?

Group of answer choices

Tenancy for Years

Joint Tenancy

Tenancy in Common

Tenancy by the Entirety

Which type of estate entitles its owner to "total ownership" with 100% rights and privileges to the property?

Group of answer choices

Tenancy for Years

Real Estate

Fee Simple Absolute

Life Estate

Real property includes:

Group of answer choices

land and things permanently attached to land

homes, garages, and other buildings

in-ground swimming pools

minerals in the ground

a & b, but not c or d

a, b, c, and d

List the four (4) basic ownership rightsand give a brief description or example of each.

What is a fixture?AND Give one example each of a "domestic fixture" and a "trade fixture."

At times, parties to a contract of sale or lease of real property dispute whether or not an item is a fixture that must remain with the property. While every state, through statute or case law, indicates how to resolve such matters, in general,the judicial test for determining whether or not an item is a fixture addresses what four (4) factors?

At the end of a life estate tenancy, the property will be subject to either areversion or aremainder. What is the difference?

What is "adverse possession?" To qualify as an adverse possession, what five (5) elements must be presentwith a brief description of each?

At common law, the owner of a life estate could use the real property in any lawful manner so long as s/he did not commit waste.Define "waste,"and list three (3) types of waste,describing each ANDgiving an example of each type. Which type is permitted and which two are not?

A Tenancy by the Entirety requires the owners to be husband and wife. t/f

A life estate may be transferred by will. t/f

A life tenant may sell his/her interest to another person during the period of time the life estate is in effect. t/f

A fee simple absolute may be transferred by will.