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Legal Aspects Final Exam 2022/2023 With Complete Solutions.

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Legal Aspects Final Exam 2022/2023 With Complete Solutions.

Instelling
Legal Aspects Of Real Estate
Vak
Legal aspects of real estate

Voorbeeld van de inhoud

Legal Aspects Final Exam With Complete
Solutions.
Because the United States started as an English colony, our legal system is a mix of
- -common law and civil law

-Which of the following is not one of the four main sources of law? - -Contract law

-Based on the two broad categories of law, which one covers typical cases involving
contracts and property ownership? - -Civil law

-The California _________ is the highest court level and all courts in California are
bound by its decisions. - -Supreme Court

-Some courts recommend that parties solve their case in a less costly, quicker, and
less formal litigated manner. What is the process called? - -Alternative dispute
resolution

-Remedies to compensate the plaintiff for any injuries fall into two categories—legal
and equitable. Essentially, legal remedies are monetary and equitable remedies are
based on fairness and conscience. Which of the following is an equitable remedy? - -
Quiet title

-What are the legal rights attached to ownership of real property? - -Bundle of
rights

-Which of the following is not personal property? - -Insurance policy

-Natural attachments are growing plants attached by their roots, such as trees,
shrubs, and flowers. How are naturally occurring plant growth, such as grasses,
trees, and shrubs, classified? - -Fructus naturales

-Farmer Frank raises vegetables in the San Joaquin valley and irrigates the crops
with water from a creek that crosses his land. Which statement is correct? - -All
water within California is the property of the State.

-Which legal description includes the use of landmarks and monuments? - -Metes
and bounds

-What system describes property by identifying the registered lot and block on a
recorded subdivision plat? - -Recorded plat system

-The most complete interest that someone can own in a parcel of real property in
California is known as a: - -fee simple absolute.

-In which type of life estate, would Robert have a future interest as a
remainderman? - -Estate in reversion

, -A __________ has a duration that is determined by the term or frequency of the
payment of rent. - -periodic tenancy

-Once an abstract of judgment is recorded, it creates an involuntary __________ lien
that applies to all parcels of real property owned by the judgment debtor in the
__________. - -general / county

-Which of the following does not affect the physical use or condition of the
property? - -Profit-à-prendres

-Which of the following is sometimes said to "run with the land"? - -Appurtenant
easement

-Which is not required for a declaration of homestead to take effect? - -Witnessed

-Which power of government allows private property to be taken for public use? - -
Eminent domain

-The document sometimes referred to as the constitution for all other land use
within a city or county is known as: - -the general plan.

-Jack has been operating an asphalt batch plant on a parcel where the zoning does
not permit it. The local city has filed a lawsuit to make him stop the activity because
it is not permitted and because fumes from the plant annoy his neighbors. The city's
action to force him to stop the activity is known as: - -condemnation.

-The law giving the city or county authority to control the orderly and proper
development of the community is called the: - -State Housing Law.

-ABC Industries has had its headquarters on a certain parcel of land for many
years. The city with jurisdiction over the property has decided that this is the best
parcel for the construction of a new jail. It approaches ABC and offers it appropriate
compensation for the property, including the cost of relocating the headquarters to
a new space. The city's intended action: - -is probably a valid taking under the city's
power of eminent domain.

-Which federal act prohibits the discharge of pollutants in natural waters in order to
create bodies of water that are clean enough for recreational swimming and fishing?
- -Clean Water Act

-The statute that requires a California state or local agency, such as a city or
county, to conduct an environmental review of most public and private projects is
the: - -California Environmental Quality Act.

-What is the commonality of large trees, intersections of two roads, rivers, lakes, or
other natural breaks? - -Agreed boundary lines

-What is the name for a fence that lies exactly on the boundary line separating two
properties? - -Division fence

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Legal aspects of real estate
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Legal aspects of real estate

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