Under the riparian rights doctrine, the first to use the water has the rights to the water.
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FALSE (this is the prior appropriation approach under water rights)
Which of the following statements regarding the Rule of Convenience is TRUE?
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The Rule is a class-closing mechanism to avoid application of the Rule
Against Perpetuities to a class gift.- true
The Rule closes a class when all members of the class are entitled to
immediate possession.- false (any members, not all members)
The Rule applies to contingent remainders.- false
, The Rule closes a class when any member of the class is entitled to future
possession.- false
A covenant must be in writing.
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TRUE (SOF)
Which doctrine or rule closes a class so the Rule Against Perpetuities does NOT
apply?
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Rule of Convenience
A(n) __________ operates like a mortgage, but uses a trustee to hold title for the benefit of
the lender. A(n) __________ is when the mortgagor transfers the deed to the property
instead of conveying a security interest in exchange for the loan.
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A(n) DEED OF TRUST operates like a mortgage, but uses a trustee to hold
title for the benefit of the lender. A(n) ABSOLUTE DEED is when the
mortgagor transfers the deed to the property instead of conveying a
security interest in exchange for the loan.
, If a testator's will provides for a gift of property, but the testator sells that property
before she dies, the devise is invalidated by which of the following?
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Doctrine of ademption
Which of the following property interests is NOT subject to the recording acts?
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An interest created by operation of law
Which of the following would NOT constitute an encumbrance that would prevent a
seller from delivering marketable title to a buyer?
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Title acquired by adverse possession that has been quieted
Which of the following is NOT an implied future covenant in a general warranty deed?
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Covenant against encumbrances
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FALSE (this is the prior appropriation approach under water rights)
Which of the following statements regarding the Rule of Convenience is TRUE?
Give this one a try later!
The Rule is a class-closing mechanism to avoid application of the Rule
Against Perpetuities to a class gift.- true
The Rule closes a class when all members of the class are entitled to
immediate possession.- false (any members, not all members)
The Rule applies to contingent remainders.- false
, The Rule closes a class when any member of the class is entitled to future
possession.- false
A covenant must be in writing.
Give this one a try later!
TRUE (SOF)
Which doctrine or rule closes a class so the Rule Against Perpetuities does NOT
apply?
Give this one a try later!
Rule of Convenience
A(n) __________ operates like a mortgage, but uses a trustee to hold title for the benefit of
the lender. A(n) __________ is when the mortgagor transfers the deed to the property
instead of conveying a security interest in exchange for the loan.
Give this one a try later!
A(n) DEED OF TRUST operates like a mortgage, but uses a trustee to hold
title for the benefit of the lender. A(n) ABSOLUTE DEED is when the
mortgagor transfers the deed to the property instead of conveying a
security interest in exchange for the loan.
, If a testator's will provides for a gift of property, but the testator sells that property
before she dies, the devise is invalidated by which of the following?
Give this one a try later!
Doctrine of ademption
Which of the following property interests is NOT subject to the recording acts?
Give this one a try later!
An interest created by operation of law
Which of the following would NOT constitute an encumbrance that would prevent a
seller from delivering marketable title to a buyer?
Give this one a try later!
Title acquired by adverse possession that has been quieted
Which of the following is NOT an implied future covenant in a general warranty deed?
Give this one a try later!
Covenant against encumbrances
