ACEABLE AGENT LATEST MAIN EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔Three joint tenants share interest in a property. If one joint tenant's share is sold
using the proper legal formalities, the new owner will then be a
a. a joint tenant with the other joint tenants.
b. a tenant in common with the other joint tenants.
c. a tenant at sufferance.
d. a remainderman. - ✔✔B. tenant in common with the other joint tenants
✔✔Community property is
a. all property acquired by a spouse or registered domestic partner.
b. all property acquired by the spouse during marriage.
c. the only form of ownership during
marriage.
d. all property acquired by a spouse or registered domestic partner that is not separate
property. - ✔✔D. All property acquired by a spouse or registered domestic partner
during marriage except that qualifying as separate property
✔✔One of the forms of concurrent ownership is
a. ownership in severalty.
b. tenancy in partnership.
c. sole proprietorship.
d. separate ownership. - ✔✔B. tenancy in partnership
✔✔A partner has
a. an absolute right to use partnership
property.
b. the right to assign partnership property.
c. the right to convey partnership property by will.
d. the right to possession of partnership property for partnership purposes. - ✔✔D. the
right to possession of partnership property for partnership purposes
✔✔Absolute control, as well as absolute liability belongs to
a. a sole proprietor.
b. a corporate shareholder.
c. a limited partner.
d. a trustee. - ✔✔A. A sole proprietor
✔✔When doing business in California, a corporation charted in California is
a. a domestic corporation.
b. a foreign corporation.
c. a Real Estate Investment Trust.
d. a general partnership. - ✔✔A. A domestic corporation
,✔✔Title to a spouses martial property can be transferred upon death by the use of
a. an oral will.
b. a tenancy in common.
c. a living trust.
d. a letter of intent. - ✔✔C. A living trust
✔✔A limited partner is
a. responsible for partnership activities.
b. a general partner in some instances.
c. not liable for partnership debts beyond the amount invested.
d. required to take part in partnership
business. - ✔✔C. not liable for partnership debts beyond the amount invested
✔✔A person who dies without a will die
a. testate.
b. intestate.
c. with an executor.
d. in eminent domain. - ✔✔B. Intestate
✔✔The testator names
a. an executor or executrix.
b. a testator.
c. a devisor.
d. an administrator or administratrix. - ✔✔A. An executor or executrix
✔✔Someone who receives real property by will is called
A. a devise
B. a devisee
C. a testator
D. a codicil - ✔✔B. Devisee
✔✔A typewritten will must be
A. made by a competent person
B. signed by the testator
C. Witnessed
D. All of These - ✔✔D. All of These
✔✔A statutory will is
A. Signed and Witnessed
B. Telegraphic
C. Oral
D. Invalid - ✔✔A. signed and witnessed
,✔✔A holographic will is
A. Oral
B. Telegraphic
C. Handwritten
D. Witnessed - ✔✔C. handwritten will
✔✔The probate court appoints
a. an executor or executrix.
b. a testator.
c. a devisee.
d. an administrator or administratrix. - ✔✔D. administrator or administratrix
✔✔When soil is deposited on a riverbank, gradually building out the land, this process is
called
a. accretion.
b. alluvion.
c. avulsion.
d. subsidence. - ✔✔A. Accretion
✔✔When flood conditions cause land to be washed away, this is known as
a. accretion.
b. alluvion.
c. avulsion.
d. accession. - ✔✔C. Avulsion
✔✔When water recedes, creating a new shoreline, the process is called
a. accretion.
b. alluvion.
c. avulsion.
d. reliction. - ✔✔D. Reliction
✔✔Elena moves onto Mike's land, builds a home, pays the property taxes, and claims
she owns the property. When will she have good title, even against Mike?
a. After 1 year
b. After 3 years
c. After 5 years
d. After 10 years - ✔✔C. after 5 years
✔✔Elena's friend Carl, who used to own the property in question 11, gave her a phony
deed to Mike's land. Elena, who does not know the deed is phony has
a. a worthless document
b. color of title.
c. a good title.
d. to share the title with Mike. - ✔✔C. Color of title
, ✔✔The right to travel over the property of someone else is:
a. an easement.
b. equitable estoppel.
c. a fixture.
d. statutory dedication by deed. - ✔✔A. An easement
✔✔A co-tenant who wants property that is crowned to be sold would bring
a. a foreclosure action.
b. an action for declaratory relief.
c. an action to quiet title.
d. a partition action. - ✔✔D. A partition action
✔✔In event of default, real property may be sold without court action if the mortgage or
other lien instruments contains
a. a trust deed.
b. a power of sale.
c. a tax deed.
d. a right of entry. - ✔✔B. The power of sale
✔✔the court order following a judgment for money is
a. a certificate of sale.
b. a special limitation.
c. a writ of execution.
d. a trustee in bankruptcy - ✔✔C. writ of execution
✔✔The power of the state to take privilege property for public use is called
a. eminent domain.
b. equitable estoppel.
c. a public grant.
d. abandonment. - ✔✔A. Eminent domain
✔✔To be effective, a deed must be
a. made on a printed form.
b. signed by the grantor.
c. delivered to the grantee by the grantor personally.
d. all of these. - ✔✔B. signed by the grantor
✔✔The transfer of title from grantor to grantee and from grantee to a subsequent
grantee, and so on, is called
a. a cloud on the title.
b. the chain of title.
c. delivery and acceptance.
d. an acknowledgment. - ✔✔B. The chain of title
ANSWERS SURE A+
✔✔Three joint tenants share interest in a property. If one joint tenant's share is sold
using the proper legal formalities, the new owner will then be a
a. a joint tenant with the other joint tenants.
b. a tenant in common with the other joint tenants.
c. a tenant at sufferance.
d. a remainderman. - ✔✔B. tenant in common with the other joint tenants
✔✔Community property is
a. all property acquired by a spouse or registered domestic partner.
b. all property acquired by the spouse during marriage.
c. the only form of ownership during
marriage.
d. all property acquired by a spouse or registered domestic partner that is not separate
property. - ✔✔D. All property acquired by a spouse or registered domestic partner
during marriage except that qualifying as separate property
✔✔One of the forms of concurrent ownership is
a. ownership in severalty.
b. tenancy in partnership.
c. sole proprietorship.
d. separate ownership. - ✔✔B. tenancy in partnership
✔✔A partner has
a. an absolute right to use partnership
property.
b. the right to assign partnership property.
c. the right to convey partnership property by will.
d. the right to possession of partnership property for partnership purposes. - ✔✔D. the
right to possession of partnership property for partnership purposes
✔✔Absolute control, as well as absolute liability belongs to
a. a sole proprietor.
b. a corporate shareholder.
c. a limited partner.
d. a trustee. - ✔✔A. A sole proprietor
✔✔When doing business in California, a corporation charted in California is
a. a domestic corporation.
b. a foreign corporation.
c. a Real Estate Investment Trust.
d. a general partnership. - ✔✔A. A domestic corporation
,✔✔Title to a spouses martial property can be transferred upon death by the use of
a. an oral will.
b. a tenancy in common.
c. a living trust.
d. a letter of intent. - ✔✔C. A living trust
✔✔A limited partner is
a. responsible for partnership activities.
b. a general partner in some instances.
c. not liable for partnership debts beyond the amount invested.
d. required to take part in partnership
business. - ✔✔C. not liable for partnership debts beyond the amount invested
✔✔A person who dies without a will die
a. testate.
b. intestate.
c. with an executor.
d. in eminent domain. - ✔✔B. Intestate
✔✔The testator names
a. an executor or executrix.
b. a testator.
c. a devisor.
d. an administrator or administratrix. - ✔✔A. An executor or executrix
✔✔Someone who receives real property by will is called
A. a devise
B. a devisee
C. a testator
D. a codicil - ✔✔B. Devisee
✔✔A typewritten will must be
A. made by a competent person
B. signed by the testator
C. Witnessed
D. All of These - ✔✔D. All of These
✔✔A statutory will is
A. Signed and Witnessed
B. Telegraphic
C. Oral
D. Invalid - ✔✔A. signed and witnessed
,✔✔A holographic will is
A. Oral
B. Telegraphic
C. Handwritten
D. Witnessed - ✔✔C. handwritten will
✔✔The probate court appoints
a. an executor or executrix.
b. a testator.
c. a devisee.
d. an administrator or administratrix. - ✔✔D. administrator or administratrix
✔✔When soil is deposited on a riverbank, gradually building out the land, this process is
called
a. accretion.
b. alluvion.
c. avulsion.
d. subsidence. - ✔✔A. Accretion
✔✔When flood conditions cause land to be washed away, this is known as
a. accretion.
b. alluvion.
c. avulsion.
d. accession. - ✔✔C. Avulsion
✔✔When water recedes, creating a new shoreline, the process is called
a. accretion.
b. alluvion.
c. avulsion.
d. reliction. - ✔✔D. Reliction
✔✔Elena moves onto Mike's land, builds a home, pays the property taxes, and claims
she owns the property. When will she have good title, even against Mike?
a. After 1 year
b. After 3 years
c. After 5 years
d. After 10 years - ✔✔C. after 5 years
✔✔Elena's friend Carl, who used to own the property in question 11, gave her a phony
deed to Mike's land. Elena, who does not know the deed is phony has
a. a worthless document
b. color of title.
c. a good title.
d. to share the title with Mike. - ✔✔C. Color of title
, ✔✔The right to travel over the property of someone else is:
a. an easement.
b. equitable estoppel.
c. a fixture.
d. statutory dedication by deed. - ✔✔A. An easement
✔✔A co-tenant who wants property that is crowned to be sold would bring
a. a foreclosure action.
b. an action for declaratory relief.
c. an action to quiet title.
d. a partition action. - ✔✔D. A partition action
✔✔In event of default, real property may be sold without court action if the mortgage or
other lien instruments contains
a. a trust deed.
b. a power of sale.
c. a tax deed.
d. a right of entry. - ✔✔B. The power of sale
✔✔the court order following a judgment for money is
a. a certificate of sale.
b. a special limitation.
c. a writ of execution.
d. a trustee in bankruptcy - ✔✔C. writ of execution
✔✔The power of the state to take privilege property for public use is called
a. eminent domain.
b. equitable estoppel.
c. a public grant.
d. abandonment. - ✔✔A. Eminent domain
✔✔To be effective, a deed must be
a. made on a printed form.
b. signed by the grantor.
c. delivered to the grantee by the grantor personally.
d. all of these. - ✔✔B. signed by the grantor
✔✔The transfer of title from grantor to grantee and from grantee to a subsequent
grantee, and so on, is called
a. a cloud on the title.
b. the chain of title.
c. delivery and acceptance.
d. an acknowledgment. - ✔✔B. The chain of title
