AGEC 3713 Exam 2 Questions with Correct Answers| Latest Update Guaranteed Success
1) Hedley Lamar (that's Hedley, not Hettie) is trying to build a railroad through the town of Rock
Ridge. He doesn't want to buy all the property for the train's route, but just wants the right for
his track to go over other people's property. He negotiates a deal with Howard Johnson (Rock
Ridge city manager) that gives Lamar a written grant of a limited interest in the City's property
for the purpose of building and maintaining a right of way for the railroad that would last -
theoretically - forever. What kind of interest did Lamar get? a. Affirmative Easement
2) Knowing that Thanksgiving is just around the corner, you decide to start a new food truck
business selling your famous sausage-centered fried stuffing balls. You want to start selling right
away, so you negotiate an agreement with the Aluminum Monk brewery that allows you park in
their lot every day from 11:00 AM to 8:00 PM, but is revocable any time at their discretion.
What interest in in land have you acquired? a. License
3) Stark Industries negotiates with the Royal Sovereignty of Wakanda to form an agreement
wherein Stark Industries can enter some of the Sovereignty's nationally-owned lands to mine
virbranium from those lands. The agreement provides that Stark Industries can do nothing else
on the property other than activities reasonably necessary for the mining. What interest in land
has Stark Industries acquired? a. Profit
4) Clem has been lawfully farming on a parcel of land for decades. Now, though, the town has
annexed an area that includes his farm and zoned it residential. Assuming that agricultural uses
are not compatible with residential uses under the town's zoning ordinance, can the town
immediately force Clem to quit using his land for agricultural purposes? a. No
5)a. Whatever the grantor has to give in the subject property Ferrell blathered on and on about
elements of a land sale contract that absolutely must be included. Which of the following are
included in his Top Four? a. A clear description of the parties
b. The purchase price and how it is to be paid
c. A complete and accurate legal description
d. Signature of the parties
, 6) If someone gives you a "quitclaim deed," what exactly are they giving you? a. Whatever
the grantor has to give in the subject property
7) What is the most common circumstance in which someone will issue a quitclaim deed? a.
To clean up title issues
8 Ferrell said there were certain basic rules that applied to legal descriptions in the PLLS or
rectangular coordinate system. Which of the following is true regarding these rules? a.
Baselines run east to west and principal meridians run north to south
b. Lines parallel to these baselines and principal meridians are laid out every 6 miles
9) Based on the principles we discussed in class, which of the following would be an appropriate
legal description of the shaded "L-shaped" parcel below, assuming we are looking at Section 15
in Township 3 North, Range 5 West, based on the Indian Meridian? a. NE ¼ of the SW ¼ and
the S ½ of the SW ¼
10) Now try this one on for size. The outer square represents Section 15 in Township 3 North,
Range 5 West, based on the Indian Meridian. All of the diagonal lines are 3,733.524 feet long.
Square with Diamond
11) You notice the end of a legal description ends with the letters "C.M." What do you
automatically know about the property? Here's an Oklahoma map if it would help (and I'm not
saying it will...): a. C.M. is the Cimarron meridian, panhandle
12) Phonopoly Telecom, Inc. bought a TrenchTroll horizontal boring machine. Using the
TrenchTroll, they were able to place a fiber optic cable six inches beneath the corner of your
field, but they never set foot on the surface of your property. You commonly cultivate your
crops at a depth of eight inches. Is Phonopoly guilty of trespass? a. Yes
13) I'm out hunting for feral hogs (that's feral, not Ferrell), and while I'm out following my prey,
I fail to realize I have crossed my property line and wound up on your property. Part of the
border between our two properties is unfenced, and I didn't have any good visual way to know
1) Hedley Lamar (that's Hedley, not Hettie) is trying to build a railroad through the town of Rock
Ridge. He doesn't want to buy all the property for the train's route, but just wants the right for
his track to go over other people's property. He negotiates a deal with Howard Johnson (Rock
Ridge city manager) that gives Lamar a written grant of a limited interest in the City's property
for the purpose of building and maintaining a right of way for the railroad that would last -
theoretically - forever. What kind of interest did Lamar get? a. Affirmative Easement
2) Knowing that Thanksgiving is just around the corner, you decide to start a new food truck
business selling your famous sausage-centered fried stuffing balls. You want to start selling right
away, so you negotiate an agreement with the Aluminum Monk brewery that allows you park in
their lot every day from 11:00 AM to 8:00 PM, but is revocable any time at their discretion.
What interest in in land have you acquired? a. License
3) Stark Industries negotiates with the Royal Sovereignty of Wakanda to form an agreement
wherein Stark Industries can enter some of the Sovereignty's nationally-owned lands to mine
virbranium from those lands. The agreement provides that Stark Industries can do nothing else
on the property other than activities reasonably necessary for the mining. What interest in land
has Stark Industries acquired? a. Profit
4) Clem has been lawfully farming on a parcel of land for decades. Now, though, the town has
annexed an area that includes his farm and zoned it residential. Assuming that agricultural uses
are not compatible with residential uses under the town's zoning ordinance, can the town
immediately force Clem to quit using his land for agricultural purposes? a. No
5)a. Whatever the grantor has to give in the subject property Ferrell blathered on and on about
elements of a land sale contract that absolutely must be included. Which of the following are
included in his Top Four? a. A clear description of the parties
b. The purchase price and how it is to be paid
c. A complete and accurate legal description
d. Signature of the parties
, 6) If someone gives you a "quitclaim deed," what exactly are they giving you? a. Whatever
the grantor has to give in the subject property
7) What is the most common circumstance in which someone will issue a quitclaim deed? a.
To clean up title issues
8 Ferrell said there were certain basic rules that applied to legal descriptions in the PLLS or
rectangular coordinate system. Which of the following is true regarding these rules? a.
Baselines run east to west and principal meridians run north to south
b. Lines parallel to these baselines and principal meridians are laid out every 6 miles
9) Based on the principles we discussed in class, which of the following would be an appropriate
legal description of the shaded "L-shaped" parcel below, assuming we are looking at Section 15
in Township 3 North, Range 5 West, based on the Indian Meridian? a. NE ¼ of the SW ¼ and
the S ½ of the SW ¼
10) Now try this one on for size. The outer square represents Section 15 in Township 3 North,
Range 5 West, based on the Indian Meridian. All of the diagonal lines are 3,733.524 feet long.
Square with Diamond
11) You notice the end of a legal description ends with the letters "C.M." What do you
automatically know about the property? Here's an Oklahoma map if it would help (and I'm not
saying it will...): a. C.M. is the Cimarron meridian, panhandle
12) Phonopoly Telecom, Inc. bought a TrenchTroll horizontal boring machine. Using the
TrenchTroll, they were able to place a fiber optic cable six inches beneath the corner of your
field, but they never set foot on the surface of your property. You commonly cultivate your
crops at a depth of eight inches. Is Phonopoly guilty of trespass? a. Yes
13) I'm out hunting for feral hogs (that's feral, not Ferrell), and while I'm out following my prey,
I fail to realize I have crossed my property line and wound up on your property. Part of the
border between our two properties is unfenced, and I didn't have any good visual way to know
