AGEC 3713 WEEK THREE EXAM
QUESTIONS WITH 100% VERIFIED
CORRECT ANSWERS!!
1) Hedley Lamar (that's Hedley, not Hettie) is trying to build a railroad through the town
of Rock Ridge. He doesn't want to buy all the property for the train's route, but just wants
the right for his track to go over other people's property. He negotiates a deal with Howard
Johnson (Rock Ridge city manager) that gives Lamar a written grant of a limited interest
in the City's property for the purpose of building and maintaining a right of way for the
railroad that would last - theoretically - forever. What kind of interest did Lamar get?
a. Affirmative Easement
2) Knowing that Thanksgiving is just around the corner, you decide to start a new food
truck business selling your famous sausage-centered fried stuffing balls. You want to start
selling right away, so you negotiate an agreement with the Aluminum Monk brewery that
allows you park in their lot every day from 11:00 AM to 8:00 PM, but is revocable any time
at their discretion. What interest in in land have you acquired?
a. License
3) Stark Industries negotiates with the Royal Sovereignty of Wakanda to form an
agreement wherein Stark Industries can enter some of the Sovereignty's nationally-owned
lands to mine virbranium from those lands. The agreement provides that Stark Industries
can do nothing else on the property other than activities reasonably necessary for the
mining. What interest in land has Stark Industries acquired?
a. Profit
4) Clem has been lawfully farming on a parcel of land for decades. Now, though, the town
has annexed an area that includes his farm and zoned it residential. Assuming that
agricultural uses are not compatible with residential uses under the town's zoning
ordinance, can the town immediately force Clem to quit using his land for agricultural
purposes?
, a. No
5)a. Whatever the grantor has to give in the subject property Ferrell blathered on and on
about elements of a land sale contract that absolutely must be included. Which of the
following are included in his Top Four?
a. A clear description of the parties
b. The purchase price and how it is to be paid
c. A complete and accurate legal description
d. Signature of the parties
6) If someone gives you a "quitclaim deed," what exactly are they giving you?
a. Whatever the grantor has to give in the subject property
7) What is the most common circumstance in which someone will issue a quitclaim deed?
a. To clean up title issues
8 Ferrell said there were certain basic rules that applied to legal descriptions in the PLLS
or rectangular coordinate system. Which of the following is true regarding these rules?
a. Baselines run east to west and principal meridians run north to south
b. Lines parallel to these baselines and principal meridians are laid out every 6 miles
9) Based on the principles we discussed in class, which of the following would be an
appropriate legal description of the shaded "L-shaped" parcel below, assuming we are
looking at Section 15 in Township 3 North, Range 5 West, based on the Indian Meridian?
a. NE ¼ of the SW ¼ and the S ½ of the SW ¼
10) Now try this one on for size. The outer square represents Section 15 in Township 3
North, Range 5 West, based on the Indian Meridian. All of the diagonal lines are 3,733.524
feet long.
Square with Diamond
QUESTIONS WITH 100% VERIFIED
CORRECT ANSWERS!!
1) Hedley Lamar (that's Hedley, not Hettie) is trying to build a railroad through the town
of Rock Ridge. He doesn't want to buy all the property for the train's route, but just wants
the right for his track to go over other people's property. He negotiates a deal with Howard
Johnson (Rock Ridge city manager) that gives Lamar a written grant of a limited interest
in the City's property for the purpose of building and maintaining a right of way for the
railroad that would last - theoretically - forever. What kind of interest did Lamar get?
a. Affirmative Easement
2) Knowing that Thanksgiving is just around the corner, you decide to start a new food
truck business selling your famous sausage-centered fried stuffing balls. You want to start
selling right away, so you negotiate an agreement with the Aluminum Monk brewery that
allows you park in their lot every day from 11:00 AM to 8:00 PM, but is revocable any time
at their discretion. What interest in in land have you acquired?
a. License
3) Stark Industries negotiates with the Royal Sovereignty of Wakanda to form an
agreement wherein Stark Industries can enter some of the Sovereignty's nationally-owned
lands to mine virbranium from those lands. The agreement provides that Stark Industries
can do nothing else on the property other than activities reasonably necessary for the
mining. What interest in land has Stark Industries acquired?
a. Profit
4) Clem has been lawfully farming on a parcel of land for decades. Now, though, the town
has annexed an area that includes his farm and zoned it residential. Assuming that
agricultural uses are not compatible with residential uses under the town's zoning
ordinance, can the town immediately force Clem to quit using his land for agricultural
purposes?
, a. No
5)a. Whatever the grantor has to give in the subject property Ferrell blathered on and on
about elements of a land sale contract that absolutely must be included. Which of the
following are included in his Top Four?
a. A clear description of the parties
b. The purchase price and how it is to be paid
c. A complete and accurate legal description
d. Signature of the parties
6) If someone gives you a "quitclaim deed," what exactly are they giving you?
a. Whatever the grantor has to give in the subject property
7) What is the most common circumstance in which someone will issue a quitclaim deed?
a. To clean up title issues
8 Ferrell said there were certain basic rules that applied to legal descriptions in the PLLS
or rectangular coordinate system. Which of the following is true regarding these rules?
a. Baselines run east to west and principal meridians run north to south
b. Lines parallel to these baselines and principal meridians are laid out every 6 miles
9) Based on the principles we discussed in class, which of the following would be an
appropriate legal description of the shaded "L-shaped" parcel below, assuming we are
looking at Section 15 in Township 3 North, Range 5 West, based on the Indian Meridian?
a. NE ¼ of the SW ¼ and the S ½ of the SW ¼
10) Now try this one on for size. The outer square represents Section 15 in Township 3
North, Range 5 West, based on the Indian Meridian. All of the diagonal lines are 3,733.524
feet long.
Square with Diamond
