California Real Estate Exam Study Guide Questions & Answers Accurate!!
The laws from which the majority of our laws are patterned. - ANSWEREnglish Common Law Are of Mexican or Spanish Origin, and were retained through theTreaty of Guadalupe Hidalgo. - ANSWERCommunity Property Law Anything Movable. Any property not considered real. - ANSWERPersonal Property Anything Immovable or Immovable By Law. Any property not considered personal. - ANSWERReal Property Any document relating to a right or interest held in real property. Examples: Leases or rentals on real property. - ANSWERChattel Real Intangible Items. Documents giving holder a right to an action. Examples: TrustDeeds, Mortgages, Leases, SecurityAgreements, etc. (Personal Property) - ANSWERChoses in Action Tangible Items. Examples: Automobiles, Money, Furniture, Jewelry, Stock in Trade of a Business or TRADE FIXTURES (Fixtures used to operate a trade or business even if firmly attached to the real property may be legally removed and taken). (Personal Property) - ANSWERChoses in Possession Bill of Sale - The document which evidences transfer of personal property. What is REQUIRED for it to be valid? - ANSWER1) Dated. 2) In Writing. 3) Identi
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