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PEARSON VUE UPDATED TEST PAPER QUESTIONS AND ANSWERS SET A.pdf

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PEARSON VUE UPDATED TEST PAPER QUESTIONS
AND ANSWERS SET A+
✔✔A deed to a brother and sister did not specify how title should be taken. Title would
be as

a. joint tenancy
b. tenancy in severalty
c. tenancy by the entirety
d. tenancy in common - ✔✔Tenancy in Common (TIC) to other than husband and wife if
not stated in deed.

✔✔J deeded property to K. The deed provided that if K ever used the property for the
sale of alcoholic beverages, title would revert to J. The estate created by the
conveyance is a(n) - ✔✔Estate on condition subsequent.

-The estate is presently valid but can be lost

✔✔The lot and block reference in a legal description relates to - ✔✔a recorded
subdivision map

-the legal description references the recorded map

✔✔S and M plan to buy a home together but want to be able to will their property
individually to their own children from previous marriages. They should hold title as -
✔✔Tenants in Common

-there is no right to survivorship in TIC. Tenants by entirety and joint tenants would go to
the survivor and Tenants in severalty would be only 1 owner

✔✔J and his sister K were co-owners of a lot. K became the sole owner automatically
when J died, because they owned the lot

, a. in severalty
b. in joint tenancy
c. as community property
d. in tenancy by entirety - ✔✔In joint tenancy

Tenancy by entirety is only for spouses. Tenancy in Severalty is ownership by one
individual or entity.

✔✔L, M, and N owned property as joint tenants. M died, followed b y the death of N.
Title to the property would be held by - ✔✔L in severalty

✔✔Interval exclusive occupancy coupled with a tenancy -in-common interest describes
a(n) - ✔✔timeshare ownership

-a time share can be a leasehold or fee simple interest for specified periods of time

✔✔What is the highest form of ownership - ✔✔Fee simple absolute

-fee simple ownership has no time limitation and can be freely transferred and can be
inherited.

✔✔A property description in a deed mentioned a point of beginning. Which method was
the description based on? - ✔✔Metes and bounds

-measures from point to point

✔✔A court will grant a request for partition when title is held - ✔✔in joint tenancy or
tenancy in common

✔✔An example of an estate in real property would be

a. joint tenancy
b. fee simple
c. severalty ownership
d. community property - ✔✔Fee simple

Fee simple is the degree of ownership (estate) and others are forms of ownership

✔✔A legal description outlines the boundaries of a property. What type of description is
it? - ✔✔Metes and bounds (also called measurements and directions)

-it encircles the parcel

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