COLORADO LAW AND PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.

COLORADO LAW AND PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A syndicate is a general term for a group of investors participating in and spreading the risk of an investment. It may take the form of: - -A limited partnership. A general partnership. Which is a physical characteristic of land? - -Immobility Indestructibility Non-homogeneity If ONE PERSON OR ENTITY takes title to real estate, he or she takes title in: - -Severalty Which is not an economic characteristic of land? - -Immobility Riparian rights are along: - -A running flow of water. The system of ownership that evolved around the 17th century, allowing individuals title to property without proprietary control of the King is: - -Allodial. A type of freehold estate is: - -Fee Simple. Fee Defeasible. Life Estate. What are two types of time shares? - -Time Span Estate and Interval Estate Personal property is also known as: - -Chattels. Personalty. Which is NOT true about a joint tenancy? - -Different amounts of interest may be given to the individual grantees. An improvement which crosses over a property line without permission is an: - -Encroachment. GSS survey teams established how many Principal Meridians across the U.S.? - -36 The three types of land use controls are: - -Private, Public and Publicly Owned. Oral permission to use another's property on a non-exclusive basis for a specific purpose, for example, "You may hunt or fish on my property for the next two weeks," is: - -A proper legal description lists:License. A proper legal description lists: - -lot, block, subdivision, city, county and state. Condemnation is the process by which: - -eminent domain is enforced if the government and the owner cannot agree. An easement may be created by - -Implicatio