For Order This and any Other Test Bank And solutions Manuals,Course, Assignments,Discussions,Quizzes,Exams Contact us At: johnmate1122@gmail.com Test Bank California Real Estate Principles 9th Edition Final Examination--Answers and Rationale Comprehensive Final Examination – California Real Estate Principles 9e by McKenzie, Brady and Estes 1.
a p. 7; airspace is considered real property
2.
b p. 9; chattels are movable items not considered real property
3.
c p. 11; courts favor lenders as buyer’s have superior knowledge of the property
4.
d p. 8; riparian rights refer to a property’s rights along a flowing body of water.
5.
d p. 8; Emblements or annual crops are personal property
6. b p. 26; the SE 1/4 of the NW ¼ = 40 acres; the SW 1/4 of the NE ¼ = 40 acres and the SW ¼ = 160 acres; 40 + 40 + 160 = 240 acres 7.
b p. 28; when the person is appointed by the court, they are an administrator (trix)
8.
a p. 41; a grant deed conveys any after acquired title
9. b p. 45; B’s taking possession and A’s telling C about the earlier transfer make B the rightful owner under California’s Race-Notice Rule. 10. a p. 31; intestate right of succession (no will) states that separate property is divided equally between spouse and child 11.
a p. 52; at law, fee simple absolute is the highest form of ownership.
12.
a p. 53; a reversion is a return to the grantor, a remainder is a transfer to a third party
13.
b p. 55; these are the four unities
14.
d p. 55, 57; both forms have equal ownership
15.
c p. 80; a tax lien is an involuntary specific lien
16.
a p. 75; In gross easements have not dominate tenement
17.
a p. 83; When a Notice of Completion is filed, all others have 30 days
18.
b p. 79; the Statute of Limitations for structural encumbrances is three years
19.
b p. 87; effective 1-1-10; a single person’s exemption is $75,000