2026 LATEST LAW OF CONTRACTS
EXAM STUDY GUIDE PRACTICE
QUESTIONS AND COMPREHENSIVE
EXAM PREP QUESTIONS AND
VERIFIED ANSWERS GRADED A+
A sewer system is NOT
Included in the descprition of land
Joint tenancy:
If one owner dies his share of his interest passes to surviving owners
Manufactured housing
Can be considered real property when proper paperwork is filed
A conveyance deed
Will transfer permanent fixed objects attached to a home
An abstract of title is
A summary of title search
A person who prepares an abstract of title
,Searches the public records that may affect title summation
When a joint tenant passes away the deceased property transfers to
Surviving joint tenant
Indestructibility is
A physical characteristic of land
Fee sample ownership, shared walls, and common areas are similar to
Town-house ownership
A business organization may NOT
Own property as a tenancy by the entirety
Police power is an example of a governmental power
Example: zoning ordinances
Mortgage liens are
Voluntary liens
, Estates in real property are
Created by a deed and or a bill of sale
When real estate taxes are not paid on time a
Lien will be filed by the taxing authority
Easements by necessity will be
Granted based on a landowner cannot be landlocked
Accretion is land being acquired by
Deposits from a river and or stream
RESPA is
To ensure that buyers have knowledge of all costs in purchasing a home
An application should be filed by a Landowner to use state water to water his
corps.
This is called doctrine of prior appropriation
EXAM STUDY GUIDE PRACTICE
QUESTIONS AND COMPREHENSIVE
EXAM PREP QUESTIONS AND
VERIFIED ANSWERS GRADED A+
A sewer system is NOT
Included in the descprition of land
Joint tenancy:
If one owner dies his share of his interest passes to surviving owners
Manufactured housing
Can be considered real property when proper paperwork is filed
A conveyance deed
Will transfer permanent fixed objects attached to a home
An abstract of title is
A summary of title search
A person who prepares an abstract of title
,Searches the public records that may affect title summation
When a joint tenant passes away the deceased property transfers to
Surviving joint tenant
Indestructibility is
A physical characteristic of land
Fee sample ownership, shared walls, and common areas are similar to
Town-house ownership
A business organization may NOT
Own property as a tenancy by the entirety
Police power is an example of a governmental power
Example: zoning ordinances
Mortgage liens are
Voluntary liens
, Estates in real property are
Created by a deed and or a bill of sale
When real estate taxes are not paid on time a
Lien will be filed by the taxing authority
Easements by necessity will be
Granted based on a landowner cannot be landlocked
Accretion is land being acquired by
Deposits from a river and or stream
RESPA is
To ensure that buyers have knowledge of all costs in purchasing a home
An application should be filed by a Landowner to use state water to water his
corps.
This is called doctrine of prior appropriation
