PEARSON VUE ACTUAL STUDY GUIDE QUESTIONS
AND ANSWERS SET A+
✔✔Bricks are used to build a backyard barbecue. The bricks have become real property
through the process of - ✔✔annexation
Personal property has become attached so as to become real property
✔✔Creditors can go against the personal assets of investors in a(n) - ✔✔General
partnership
-General partners are personally liable for debts of the partnership
✔✔What section is directly north of Section 18 be located? - ✔✔NW 1/4 (reference
page 5)
✔✔The maximum number of complete townships possible within a ranch that is 26
miles square, would be - ✔✔16
A township is six miles square, meaning it measures six miles on each side. Four
complete townships can be placed in a row either vertically or horizontally in a ranch
that is 26 miles square. Four rows, each containing four townships equals 16 townships
✔✔What section is directly north of Section 2 in a township? - ✔✔35
✔✔How much fencing would it take to fence a township? - ✔✔24 miles
✔✔The Office of Interstate Land Sales Registration is concerned with unimproved land
sales in interstate commerce of - ✔✔25 or more parcels
- Requires full disclosure to prevent fraud
- requires disclosure of property information to buyers for unimproved land sales sold in
interstate commerce. The act requires a registration with the Office of Interstate Land
, Sales Registration (OILSR) that is part of HUD. Applies to 25 or more lots. If the buyer
does not receive a disclosure report, the purchaser has a seven-day right of rescission
from the date of purchase.
✔✔The south boundary line of Section 13 Township 2 north range 3 east is
a. 9 miles north of the base line
b. 15 miles east of the meridian
c. 3 miles east of the meridian
d. 9 miles east of the baseline - ✔✔A. Section 13 would be three miles north of its
township line plus one township (6 miles) north of the baseline
✔✔How many acres are in a section of a township? - ✔✔640 acres
✔✔How large is one township? - ✔✔6 mile square (36 sq miles)
✔✔How many feet in a mile? - ✔✔5280 ft
✔✔How many square feet are in one acre - ✔✔43560 sq ft
✔✔A form of ownership where one owner cannot separately convey his or her interest
is a - ✔✔Tenancy by the entirety
Tenancy by the entirety is a joint tenancy between spouses where neither spouse can
separately convey their interest.
✔✔Which of the following rectangles is large than an acre?
a.100' x 420'
b. 90' x 450'
c. 1 mile x 8'
d. 209' x 209' - ✔✔209' x 209'
( one acre is 43560 sq ft)
✔✔A joint venture would be a form of - ✔✔partnership
a Joint venture is an association formed for a single undertaking with the joint venturers
sharing in a profit or loss. A joint venture is treated by the law in most cases as a
partnership, however, one joint venturer cannot contractually obligate the other joint
venturer into a contract.
✔✔L owned an undivided half interest in a property. L now owns the entire property in
severalty, although she did not buy or inherit the other one-half interest. L originally
owned her undivided one- half interest as a - ✔✔joint tenant
AND ANSWERS SET A+
✔✔Bricks are used to build a backyard barbecue. The bricks have become real property
through the process of - ✔✔annexation
Personal property has become attached so as to become real property
✔✔Creditors can go against the personal assets of investors in a(n) - ✔✔General
partnership
-General partners are personally liable for debts of the partnership
✔✔What section is directly north of Section 18 be located? - ✔✔NW 1/4 (reference
page 5)
✔✔The maximum number of complete townships possible within a ranch that is 26
miles square, would be - ✔✔16
A township is six miles square, meaning it measures six miles on each side. Four
complete townships can be placed in a row either vertically or horizontally in a ranch
that is 26 miles square. Four rows, each containing four townships equals 16 townships
✔✔What section is directly north of Section 2 in a township? - ✔✔35
✔✔How much fencing would it take to fence a township? - ✔✔24 miles
✔✔The Office of Interstate Land Sales Registration is concerned with unimproved land
sales in interstate commerce of - ✔✔25 or more parcels
- Requires full disclosure to prevent fraud
- requires disclosure of property information to buyers for unimproved land sales sold in
interstate commerce. The act requires a registration with the Office of Interstate Land
, Sales Registration (OILSR) that is part of HUD. Applies to 25 or more lots. If the buyer
does not receive a disclosure report, the purchaser has a seven-day right of rescission
from the date of purchase.
✔✔The south boundary line of Section 13 Township 2 north range 3 east is
a. 9 miles north of the base line
b. 15 miles east of the meridian
c. 3 miles east of the meridian
d. 9 miles east of the baseline - ✔✔A. Section 13 would be three miles north of its
township line plus one township (6 miles) north of the baseline
✔✔How many acres are in a section of a township? - ✔✔640 acres
✔✔How large is one township? - ✔✔6 mile square (36 sq miles)
✔✔How many feet in a mile? - ✔✔5280 ft
✔✔How many square feet are in one acre - ✔✔43560 sq ft
✔✔A form of ownership where one owner cannot separately convey his or her interest
is a - ✔✔Tenancy by the entirety
Tenancy by the entirety is a joint tenancy between spouses where neither spouse can
separately convey their interest.
✔✔Which of the following rectangles is large than an acre?
a.100' x 420'
b. 90' x 450'
c. 1 mile x 8'
d. 209' x 209' - ✔✔209' x 209'
( one acre is 43560 sq ft)
✔✔A joint venture would be a form of - ✔✔partnership
a Joint venture is an association formed for a single undertaking with the joint venturers
sharing in a profit or loss. A joint venture is treated by the law in most cases as a
partnership, however, one joint venturer cannot contractually obligate the other joint
venturer into a contract.
✔✔L owned an undivided half interest in a property. L now owns the entire property in
severalty, although she did not buy or inherit the other one-half interest. L originally
owned her undivided one- half interest as a - ✔✔joint tenant
