PROPERTY SIA EXAM QUESTIONS AND ANSWERS

An attached house is an example of real property. T/F - ANS-True Personal property consists of a person's privately owned property whereas real property consists of only government property. T/F - ANS-False Determining whether property is real or personal can have important consequences as the courts apply different rules to the different types of property. T/F - ANS-True The trees and plants growing on land are considered to be real property, but when they are cut or harvested they can become personal property. T/F - ANS-True Quiet enjoyment means that a tenant has the right to sublease without the landlord's approval. T/F - ANS-False A tenancy in the entirety is created when there is only one owner. T/F - ANS-False An owner's rights to use a piece of real estate can be limited by the existence of either a restrictive covenant or an easement. T/F - ANS-True When someone dies without a valid will, that person is said to have died testate. T/F - ANS-False An oral will is also called a nuncupative will. T/F - ANS-True If someone dies without a will and leaves no relatives, the property reverts, or escheats, to the state. T/F - ANS-True A will challenge on the grounds of testamentary capacity argues that the testator was not of sound mind. T/F - ANS-True North Carolina is a pure race recording state. T/F - ANS-True Neither life insurance proceeds for a named beneficiary nor jointly owned property with right of survivorship needs to go through the probate process. T/F - ANS-True Personal property can be classified as either tangible or intangible. T/F - ANS-True All of the following are examples of personal property, except: - ANS-An attached garage.