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Question 1 of 10
1. Question
John and James own property together. Which of the following statement best describe their form of ownership?
Correct
When two people who are not in a marriage own property, they establish concurrent ownership where two or more people can possess the property and are not married. John and James are not married, and this makes it concurrent ownership.
Incorrect
When two people who are not in a marriage own property, they establish concurrent ownership where two or more people can possess the property and are not married. John and James are not married, and this makes it concurrent ownership.
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Question 2 of 10
2. Question
Cooperative ownership regularly faces drawbacks; which of the following is viewed as the most repeated drawback?
Correct
Since anyone new joining collective ownership must be approved, it becomes a disadvantage as well.
Incorrect
Since anyone new joining collective ownership must be approved, it becomes a disadvantage as well.
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Question 3 of 10
3. Question
Wayne wrote a will that indicated his condominium put in trust to be maintained by Rose in the place of his son Willy. Which of the following statement is correct according to this situation?
Correct
The responsibility of issuing the property belongs to the trustor. The person overseeing the trust is referred to as the trustee. The person receiving the properties is the beneficiary.
Incorrect
The responsibility of issuing the property belongs to the trustor. The person overseeing the trust is referred to as the trustee. The person receiving the properties is the beneficiary.
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Question 4 of 10
4. Question
The court finds you guilty after someone sued you for a personal injury claim. If you are unable to pay urgently, the court might place a lien against your property. Which type of lien might be placed?
Correct
Judgement liens are uncontrolled and general. They are formed due to court action. If somebody file a charge of the personal-injury claim against you and the court finds favour in the other person if you fail to pay promptly, then your property maybe implanted a judgement lien.
Incorrect
Judgement liens are uncontrolled and general. They are formed due to court action. If somebody file a charge of the personal-injury claim against you and the court finds favour in the other person if you fail to pay promptly, then your property maybe implanted a judgement lien.
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Question 5 of 10
5. Question
Which of the following cannot provide a way to end an easement?
Correct
One can also end an easement by releasing it or ending the deal. When one ends an easement by releasing it, the individual who retains it accepts to set it loose or drop the servient tenement from duty.
Incorrect
One can also end an easement by releasing it or ending the deal. When one ends an easement by releasing it, the individual who retains it accepts to set it loose or drop the servient tenement from duty.
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Question 6 of 10
6. Question
What does separating a garage on a house plot demonstrate?
Correct
Accessory use sustain the main use of a property. Accessory use means duty or an action that is lower in area, size, and purpose. Accessory buildings are outdoor structures.
Incorrect
Accessory use sustain the main use of a property. Accessory use means duty or an action that is lower in area, size, and purpose. Accessory buildings are outdoor structures.
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Question 7 of 10
7. Question
New houses require insulation; what document do you check to tell the extent of insulation required?
Correct
Zoning ordinances explain what can be built and the place to be built while on the other hand, the building code explains how it can be built. Subdivisions regulations are mostly not associated with building specifications.
Incorrect
Zoning ordinances explain what can be built and the place to be built while on the other hand, the building code explains how it can be built. Subdivisions regulations are mostly not associated with building specifications.
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Question 8 of 10
8. Question
Which of the following clearly describes infrastructures?
Correct
Government entities and amenities that are materialistic and immovable are referred to as municipal.
Incorrect
Government entities and amenities that are materialistic and immovable are referred to as municipal.
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Question 9 of 10
9. Question
Which of the following would be standard wording to be used in the habendum clause?
Correct
“To have and to hold.” refers to a standard vocabulary for the habendum clause.
Incorrect
“To have and to hold.” refers to a standard vocabulary for the habendum clause.
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Question 10 of 10
10. Question
What does it portray when a statement “for love and affection” appears on a deed?
Correct
The inherent features of representation don’t affect the deed.
Incorrect
The inherent features of representation don’t affect the deed.