All Of The Following Describe Personal Property Except

Question:

Answer: The surface of the earth extending down to the center and upward to infinity.

Question: In determining whether an item is a fixture, which of the following would not be considered?

1. Method of attachment.

2. B. Adaptation to the real estate.

3. C. Value of the item.

4. D. Legal interest of the annexing party.

5. Answer: Value of the item.

6. Question: The characteristic that distinguishes personal property from real property is:

7. A. mobility. B. scarcity. C. durability. D. flexibility.

8. Answer: Mobility

9. Question:

10. Answer: buildings and other improvements are considered to be part of the real estate.

11. Question: An item that was personal property but has been attached to and become part of the real property is known as:

12. A. a trade fixture.

13. B. an emblement.

14. C. fructus industriales.

15. D. a fixture.

16. Answer: a fixture

17. Question: Crops planted and harvested each year are:

18. A. personal property.

19. B. emblements.

20. C. fructus industriales.

21. D. all of the above.

22. Answer: all of the above

23. Question: The most distinctive physical characteristic of land is:

24. A. homogeneity.

25. B. immobility.

26. C. situs.

27. D. improvements.

28. Answer: immobility

29. Question: All of the following are real property EXCEPT:

30. A. oil below the earth’s surface.

31. B. a concrete driveway.

32. C. cut timber.

33. D. air rights.

34. Answer: cut timber

35. Question: The law of capture refers to the:

36. A. process of removing oil and gas from the land.

37. B. government’s right of eminent domain.

38. C. landowner’s right to keep trade xtures if not removed.

39. D. responsibility of lateral support while removing solid minerals.

40. Answer: process of removing oil and gas from the land.

41. Question: The sum of all factors that affect value is called:

42. A. location. B. accession. C. situs.

43. D. scarcity.

44. Answer: situs