PROPERTY LAW ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS

PROPERTY LAW ACTUAL EXAM QUESTIONS
AND CORRECT ANSWERS
tresspass - CORRECT ANSWERS enter the owner's land or property without permission



Ejectment - CORRECT ANSWERS Cause of action to legally remove someone from real
property



Bailment - CORRECT ANSWERS When the owner of a chattel entrusts the property to a
third party temporarily for a particular reason/circumstance



Bailor - CORRECT ANSWERS The owner of the personal property in a bailment.



Bailee - CORRECT ANSWERS The party temporarily possessing the personal property in a
bailment. This person owes a duty of reasonable care to the property they possess.



Possessory Interest - CORRECT ANSWERS Entitles holder to possession of property, now
or in the future.



Conversion/Trover - CORRECT ANSWERS A cause of action in which the owner of property
sues for the value of his/her property



Replevin - CORRECT ANSWERS an action to recover possession of personal property



Finder - CORRECT ANSWERS A person who finds property that has superior property
interest to all but the true owner

,lost property - CORRECT ANSWERS property which the owner unknowingly leaves
somewhere or accidentally drops



Mislaid Property - CORRECT ANSWERS property that is intentionally placed somewhere
but then forgotten



Abandoned Property - CORRECT ANSWERS Property that has been discarded by the
owner, who has no intention of reclaiming it. True owner extinguishes all possessory interest
upon discarding



Locus Owner/ Owner of the Locus in Quo - CORRECT ANSWERS The person who owns the
location in which the disputed property was found. Holds the superior interest to all but the
true owner when an object has been mislaid on their property.



Chattel - CORRECT ANSWERS An item of personal property which is movable, as
distinguished from real property



Adverse Possession - CORRECT ANSWERS The actual, open, notorious, hostile, exclusive
and continuous possession of another's land under a claim of title. Possession for a statutory
period may be a means of acquiring title. (20 years in IL)



Statute of Limitations for AP in IL - CORRECT ANSWERS 20 years



7 Years - CORRECT ANSWERS In IL, The amount of time from the violation of a condition
subsequent for the true owner to act upon their right of entry/file an ejectment action for the
removal of the tenant. The same goes for upon violation of condition in a fee simple
determinable if the tenant refuses to leave the premises.

, Statute of Limitations on Discovery Rule in IL for chattels - CORRECT ANSWERS 5 years
(but is tolled by the true owner's due diligence to find the current possessor)



Life Estate - CORRECT ANSWERS A possessory interest in real property conveyed by a
grantor for the lifetime of the grantee.



Prescriptive Easement - CORRECT ANSWERS Right to use someone else's real property
acquired by continued use without the permission of the owner (adverse possession) for a
period beyond the state law statute of limitations (20 years in IL)



alienable - CORRECT ANSWERS able to be transferred to new ownership



Right to Exclude - CORRECT ANSWERS The legal right to keep others off the property and
to prosecute trespassers.



encroachment - CORRECT ANSWERS The act of building a structure which is in whole or in
part on a neighbor's property



inter vivos - CORRECT ANSWERS During ones lifetime



Fee Simple Absolute - CORRECT ANSWERS Complete ownership of property/ holding clear
title to property



conveyance - CORRECT ANSWERS The transfer of real property ownership whether by
deed inter vivos or by will after death



Grantor - CORRECT ANSWERS the individual who conveys the ownership rights of real
property