©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
PT2 FINAL EXAM Questions and
Answers 100% Solved | Latest Update
The most common legal description used in the eastern United States,
including Pennsylvania, is known as what? - ✔✔metes and bounds method
Which legal description is used in the majority of the United States,
primarily in the Midwestern states? - ✔✔Rectangular Survey Method
The east half of the northwest quarter, of the southeast quarter, of the
northeast section 16, of a township in the second tier, north of the baseline,
and four ranges west of the principal meridian." This is an example of what
legal description? - ✔✔Rectangular Survey Method
Beginning at a point at a distance of 165 feet southwest of the westerly
corner of Walnut street and first avenue, and proceeding west 50 degrees,
26 minutes, 15 seconds north, for a distance of 100 feet, then proceeding
north 45 degrees, 2 minutes, 12 seconds for a distance of 300 ft...." This is
an example of what legal description? - ✔✔Metes and Bounds Method
,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
"Lot #17, of Block C, of the Plainfield Acres Subdivision, in Plainfield
Township, recorded in plat book volume 94, page 2326." This is an
example of what legal description? - ✔✔lot and block method
Imaginary square tracks of land in the rectangular survey method are
called? - ✔✔Townships
The rectangular survey method contains townships and sections. How
many miles wide is a township? - ✔✔6 miles
How many sections are in a township? - ✔✔36 sections
How many acres are in a section? - ✔✔640 acres
Xiomara just ran 1 mile. How many feet did she run? - ✔✔5,280
Garett owns one acre of land. How many square feet of property would he
own? - ✔✔43,560
The process by which the titled ownership interest reverts back to the
grantor or remainderman is called: - ✔✔Reversion
When an ownership interest ends immediately upon the occurrence or lack
of occurrence of a designated event, it is called: - ✔✔Defeasable Fee
Estate
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
When an ownership interest ends based upon the occurrence of a
designated event, but the grantor must go to court to assert his rights, it is
called: - ✔✔Fee Simple Subject to a Condition Subsequent
When the reversion is based upon someone's life other than the life tenant,
it is called: - ✔✔Life estate pur autre vie
A designated future interest holder in a defeasible fee estate or a life estate
is called: - ✔✔Remainderman
Which is the most common and preferred ownership interest which is also
considered the highest and most complete form? - ✔✔Fee Simple
Mike sells his investment property to his aging uncle Joe to help him move
back in to the area. Shayla, Joe's daughter, is the devisee nominated in his
will and acts as his caretaker for the rest of his remaining life. Joe passes
away and when the deed is reviewed, Shayla learns she has no ownership
rights to her fathers house. Instead, Mike informs her he is now the rightful
owner. What type of estate would Joe have received when he bought the
house from Mike? - ✔✔Ordinary Life Estate
Mike sells his investment property to his aging uncle Joe to help him move
back in to the area. Shayla, Joe's daughter, is the devisee nominated in his
will and acts as his caretaker for the rest of his remaining life. Suddenly,
PT2 FINAL EXAM Questions and
Answers 100% Solved | Latest Update
The most common legal description used in the eastern United States,
including Pennsylvania, is known as what? - ✔✔metes and bounds method
Which legal description is used in the majority of the United States,
primarily in the Midwestern states? - ✔✔Rectangular Survey Method
The east half of the northwest quarter, of the southeast quarter, of the
northeast section 16, of a township in the second tier, north of the baseline,
and four ranges west of the principal meridian." This is an example of what
legal description? - ✔✔Rectangular Survey Method
Beginning at a point at a distance of 165 feet southwest of the westerly
corner of Walnut street and first avenue, and proceeding west 50 degrees,
26 minutes, 15 seconds north, for a distance of 100 feet, then proceeding
north 45 degrees, 2 minutes, 12 seconds for a distance of 300 ft...." This is
an example of what legal description? - ✔✔Metes and Bounds Method
,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
"Lot #17, of Block C, of the Plainfield Acres Subdivision, in Plainfield
Township, recorded in plat book volume 94, page 2326." This is an
example of what legal description? - ✔✔lot and block method
Imaginary square tracks of land in the rectangular survey method are
called? - ✔✔Townships
The rectangular survey method contains townships and sections. How
many miles wide is a township? - ✔✔6 miles
How many sections are in a township? - ✔✔36 sections
How many acres are in a section? - ✔✔640 acres
Xiomara just ran 1 mile. How many feet did she run? - ✔✔5,280
Garett owns one acre of land. How many square feet of property would he
own? - ✔✔43,560
The process by which the titled ownership interest reverts back to the
grantor or remainderman is called: - ✔✔Reversion
When an ownership interest ends immediately upon the occurrence or lack
of occurrence of a designated event, it is called: - ✔✔Defeasable Fee
Estate
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
When an ownership interest ends based upon the occurrence of a
designated event, but the grantor must go to court to assert his rights, it is
called: - ✔✔Fee Simple Subject to a Condition Subsequent
When the reversion is based upon someone's life other than the life tenant,
it is called: - ✔✔Life estate pur autre vie
A designated future interest holder in a defeasible fee estate or a life estate
is called: - ✔✔Remainderman
Which is the most common and preferred ownership interest which is also
considered the highest and most complete form? - ✔✔Fee Simple
Mike sells his investment property to his aging uncle Joe to help him move
back in to the area. Shayla, Joe's daughter, is the devisee nominated in his
will and acts as his caretaker for the rest of his remaining life. Joe passes
away and when the deed is reviewed, Shayla learns she has no ownership
rights to her fathers house. Instead, Mike informs her he is now the rightful
owner. What type of estate would Joe have received when he bought the
house from Mike? - ✔✔Ordinary Life Estate
Mike sells his investment property to his aging uncle Joe to help him move
back in to the area. Shayla, Joe's daughter, is the devisee nominated in his
will and acts as his caretaker for the rest of his remaining life. Suddenly,
