Pearson Vue Exam Questions with
Accurate Answers
A brother and sister hold land as joint tenants. The sister conveys one-half of her
interest to her husband. Ownership would now be held by the correct answer
Brother sister and her husband as tenants in common
A building was torn down leaving material that was classified as personal
property. The act was one of correct answer severance
A business that has the limited liability of a corporation yet is taxed as a
partnership would be a(n) correct answer LLC
the limited liability company description also applies to S corporations
A buyer of a residential unit received a share of stock and occupancy based on a
lease. What type of development was the unit in? correct answer Cooperative
-stock ownership + propriety lease ( a lease by a cooperative to a shareholder
providing a right to occupy a unity)
A city purchased land for a dump site. How would the city hold title? correct
answer in severalty
since the city (municipal corporation) would own the property by itself
A condominium would be described as a(n)
,a. undivided interest in the whole
b. undivided interest in common areas and separate interest in the individual
units
c. separate interest in the whole
d. divided interest in common areas and undivided interest in each unit correct
answer undivided interest in common areas and separate interest in individual
units.
- condo owners own their own air pace, but common areas are owned with the
other owners as tenants in common
A court will grant a request for partition when title is held correct answer in joint
tenancy or tenancy in common
A deed to a brother and sister did not specify how title should be taken. Title
would be as
a. joint tenancy
b. tenancy in severalty
c. tenancy by the entirety
d. tenancy in common correct answer Tenancy in Common (TIC) to other than
husband and wife if not stated in deed.
A father wished to deed property to his son and daughter-in-law on a two-thirds
and one-third basis. To do so, title would be correct answer as tenants in common
, A is one owner only, and B and C require equal ownership
A form of ownership where one owner cannot separately convey his or her
interest is a correct answer Tenancy by the entirety
Tenancy by the entirety is a joint tenancy between spouses where neither spouse
can separately convey their interest.
A joint venture would be a form of correct answer partnership
a Joint venture is an association formed for a single undertaking with the joint
venturers sharing in a profit or loss. A joint venture is treated by the law in most
cases as a partnership, however, one joint venturer cannot contractually obligate
the other joint venturer into a contract.
A leased far is sold. The growing crops belong to the correct answer tenant.
-Growing crops are emblements
A legal description outlines the boundaries of a property. What type of
description is it? correct answer Metes and bounds (also called measurements
and directions)
-it encircles the parcel
A life estate could become a fee simple estate by correct answer merger of
interests
Accurate Answers
A brother and sister hold land as joint tenants. The sister conveys one-half of her
interest to her husband. Ownership would now be held by the correct answer
Brother sister and her husband as tenants in common
A building was torn down leaving material that was classified as personal
property. The act was one of correct answer severance
A business that has the limited liability of a corporation yet is taxed as a
partnership would be a(n) correct answer LLC
the limited liability company description also applies to S corporations
A buyer of a residential unit received a share of stock and occupancy based on a
lease. What type of development was the unit in? correct answer Cooperative
-stock ownership + propriety lease ( a lease by a cooperative to a shareholder
providing a right to occupy a unity)
A city purchased land for a dump site. How would the city hold title? correct
answer in severalty
since the city (municipal corporation) would own the property by itself
A condominium would be described as a(n)
,a. undivided interest in the whole
b. undivided interest in common areas and separate interest in the individual
units
c. separate interest in the whole
d. divided interest in common areas and undivided interest in each unit correct
answer undivided interest in common areas and separate interest in individual
units.
- condo owners own their own air pace, but common areas are owned with the
other owners as tenants in common
A court will grant a request for partition when title is held correct answer in joint
tenancy or tenancy in common
A deed to a brother and sister did not specify how title should be taken. Title
would be as
a. joint tenancy
b. tenancy in severalty
c. tenancy by the entirety
d. tenancy in common correct answer Tenancy in Common (TIC) to other than
husband and wife if not stated in deed.
A father wished to deed property to his son and daughter-in-law on a two-thirds
and one-third basis. To do so, title would be correct answer as tenants in common
, A is one owner only, and B and C require equal ownership
A form of ownership where one owner cannot separately convey his or her
interest is a correct answer Tenancy by the entirety
Tenancy by the entirety is a joint tenancy between spouses where neither spouse
can separately convey their interest.
A joint venture would be a form of correct answer partnership
a Joint venture is an association formed for a single undertaking with the joint
venturers sharing in a profit or loss. A joint venture is treated by the law in most
cases as a partnership, however, one joint venturer cannot contractually obligate
the other joint venturer into a contract.
A leased far is sold. The growing crops belong to the correct answer tenant.
-Growing crops are emblements
A legal description outlines the boundaries of a property. What type of
description is it? correct answer Metes and bounds (also called measurements
and directions)
-it encircles the parcel
A life estate could become a fee simple estate by correct answer merger of
interests
