1. A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party. True or False?
2. Community property does not include a ring owned by the wife prior to the marriage. True or False?
3. An easement describes a limited possessory interest in the land. True or False?
4. For a person to acquire an easement, he must have the permission of the owner to use the land. True or False?
5. A characteristic of a tenancy in common is that:
a. It is the most frequently used form of concurrent ownership.
b. Each co-owner has an undivided interest in the property and has the right to possession.
c. There is a right of survivorship.
d. All of the above.
e. Two of the above, (a) and (b).
6. Frank provided in his will that his 50 acres were to go to the city in fee simple for a soccer complex as long as no alcoholic beverages were sold on the premises. If alcohol is sold, the property is to go to Frank’s estate. The estate created in the city is a:
a. Reversion.
b. Qualified fee or a fee simple defeasible.
c. Possibility of reverter.
d. Contingent remainder.
7. If a landlord leases property "to Stephanie as long as Sam wishes," the landlord has created aNo:
a. Fee simple absolute.
b. Estate (tenancy) at will.
c. Condominium.
d. Estate at sufferance.
8. Which of the following is NOT an example of concurrent ownership?
a. Joint tenancy.
b. A tenancy by the entireties.
c. A tenancy in common.
d. A lease between a landlord and a tenant.