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Question 1: Which item would NOT be considered a fixture? A. A built-in fireplace B. A grandfather clock C. A chandelier D. Wall-to-wall carpeting Question
Question 1: Which item would NOT be considered a fixture? A. A built-in fireplace B. A grandfather clock C. A chandelier D. Wall-to-wall carpeting Question 2: The primary difference between freehold and leasehold estates is A. the number of rights is greater with leasehold estates. B. leasehold estates involve property that have no liens. C. a freehold interest is an ownership interest. D. a freehold estate can only be possessory. Question 3: The dominant theory in the eastern U.S. concerning who owns the rights to water that flows across or borders a parcel of land that permits all such owners to use all the water needed as long as the use does not deprive other owners is known as A littoral rights theory. B. riparian rights doctrine. C. prior appropriation doctrine. D. consumptive appropriation theory. Question 4: John has a future interest in a property. This property was never owned by him, any of his ancestors or currently living relations. It is certain that he will receive this interest in the future. Which best describes John's interest in the property? A. Vested reversion B. Contingent reversion C. Vested remainder D. Contingent remainder
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