Questions with Correct Answers, A+ Score Solutions.
Terms in this set (21)
Personal property that, by its C. a fixture
attachment to real property,
is regarded as real estate is
called:
A. an emblements
B. personalty
C. a fixture
D. an appliance
A. to protect the health, safety, and welfare of the
What is the main purpose of
community
police power?
A. to protect the
health,safety, and welfare of
the community
B. to prevent people
fromcommitting crimes
C. to put out firesD. to
make sure the property
owners and citizens know
their place
, If a person has complete B. fee simple estate
control over their property,
and the ownership in the
property is not defeasible,
what interest does the
person have in the
property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate
Which of the following is the D. equity
difference between the value
of a property and the total
amount of liens against the
property?
A. investment
B. basis
C. down payment
D. equity