Exam 2026/2027 Exam
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What are the four elements of the bundle of rights? - ANSWER
✔✔Possession, Enjoyment, Control, Exclusion, and Disposition
(PEECD).
What is the legal definition of real property? - ANSWER ✔✔Property
that is immovable, including land, things affixed to land, and
appurtenances.
,What is the legal definition of personal property? - ANSWER
✔✔Property that is generally movable; also known as chattel.
What is an appurtenance? - ANSWER ✔✔Something that belongs to
and goes with the land, such as an easement or water rights.
What is the doctrine of emblements? - ANSWER ✔✔The rule that
allows an agricultural tenant to return and harvest crops they planted
even after the lease expires.
What is a fixture? - ANSWER ✔✔An item of personal property that
has been permanently attached to real property, legally becoming real
property.
What are the five tests of a fixture? - ANSWER ✔✔Method of
attachment, Adaptability, Relationship of parties, Intention of parties, and
Agreement between parties (MARIA).
What is a trade fixture? - ANSWER ✔✔Personal property installed by
a commercial tenant for business use, which can be removed before the
lease ends.
What is the physical process of changing real property into personal
property? - ANSWER ✔✔Severance (e.g., cutting down a tree).
,What is the physical process of changing personal property into real
property? - ANSWER ✔✔Annexation (e.g., mixing sand, cement, and
water to pour a concrete patio).
What are riparian rights? - ANSWER ✔✔The rights of a landowner
whose property borders a flowing body of water, like a river or stream.
What are littoral rights? - ANSWER ✔✔The rights of a landowner
whose property borders a standing body of water, like a lake or ocean.
What is correlative use? - ANSWER ✔✔The doctrine that requires
landowners sharing an underground aquifer to reduce pumping
proportionally during a drought.
What is the doctrine of prior appropriation? - ANSWER ✔✔The
state's system of allocating water rights to those who first apply for a
permit to divert it for beneficial use.
What is a fee simple absolute estate? - ANSWER ✔✔The highest
and most complete form of ownership in real estate, held for an
indefinite duration.
What is a fee simple defeasible estate? - ANSWER ✔✔An ownership
interest that can be defeated or revoked if a specific condition is violated
(e.g., "so long as used for a park").
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, What is a life estate? - ANSWER ✔✔A freehold estate limited in
duration to the physical lifespan of a designated person.
What is an estate pur autre vie? - ANSWER ✔✔A life estate whose
duration is measured by the life of someone other than the life tenant.
What is an estate in reversion? - ANSWER ✔✔A future interest that
automatically returns to the original grantor when a life estate or lease
ends.
What is an estate in remainder? - ANSWER ✔✔A future interest that
passes to a designated third party (remainderman) when a life estate
ends.
What is an estate for years? - ANSWER ✔✔A leasehold estate with a
definite, fixed beginning and a definite, fixed ending date.
What is an estate from period to period? - ANSWER ✔✔A leasehold
estate that automatically renews for successive periods (e.g., month-to-
month) until proper notice is given.
What is an estate at will? - ANSWER ✔✔A tenancy that can be
terminated by either the landlord or tenant at any time without a fixed
duration.