FINC 676 Quiz 2 | Questions &
Answers 100% Verified (Grade A+)
Under Texas law, which of the following is the dominant estate?
A. Subsurface Rights
B. Surface Rights
C. Whichever was purchased first
D. Neither is Dominant - CORRECT ANSWER-A. Subsurface Rights
Which of the following is NOT an aspect of tenancy in common?
A. Ownership by more than one
B. Tenancy in common cannot be presumed; it must be specifically created
C. Undivided interests
D. Ownership passes to heirs upon death - CORRECT ANSWER-B. Tenancy in
common cannot be presumed; it must be specifically created
Which type of deed, both in statute and case law, ensures the highest warranty the
law recognizes?
, A. Special Warranty Deed
B. General Warranty Deed
C. Quitclaim deed
D. Bargain and sale deed - CORRECT ANSWER-B. General Warranty Deed
The right of government to take private property for a public purpose is Known as
______?
A. Eminent domain
B. Condemnation
C. Government taking
D. Escheat - CORRECT ANSWER-A. Eminent domain
Which of the following types of ownerships have the right of survivorship,
wherein the ownership interest of one owner would pass upon death to the
surviving owners?
A. Tenancy in Common
B. Joint Tenancy
C. Ownership in severalty
D. Ownership by a Partnership - CORRECT ANSWER-B. Joint Tenancy
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
Answers 100% Verified (Grade A+)
Under Texas law, which of the following is the dominant estate?
A. Subsurface Rights
B. Surface Rights
C. Whichever was purchased first
D. Neither is Dominant - CORRECT ANSWER-A. Subsurface Rights
Which of the following is NOT an aspect of tenancy in common?
A. Ownership by more than one
B. Tenancy in common cannot be presumed; it must be specifically created
C. Undivided interests
D. Ownership passes to heirs upon death - CORRECT ANSWER-B. Tenancy in
common cannot be presumed; it must be specifically created
Which type of deed, both in statute and case law, ensures the highest warranty the
law recognizes?
, A. Special Warranty Deed
B. General Warranty Deed
C. Quitclaim deed
D. Bargain and sale deed - CORRECT ANSWER-B. General Warranty Deed
The right of government to take private property for a public purpose is Known as
______?
A. Eminent domain
B. Condemnation
C. Government taking
D. Escheat - CORRECT ANSWER-A. Eminent domain
Which of the following types of ownerships have the right of survivorship,
wherein the ownership interest of one owner would pass upon death to the
surviving owners?
A. Tenancy in Common
B. Joint Tenancy
C. Ownership in severalty
D. Ownership by a Partnership - CORRECT ANSWER-B. Joint Tenancy
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
