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Statutory Ownership and Freehold Estates and Tenancies

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two chapters into one. 10 and 11

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Latrica Bracey
Latrica Bracey
United States

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Statutory Ownership and Freehold Estates and TenanciesVersion en ligne

two chapters into one. 10 and 11

par Latrica Bracey
1

The word "___" indicates an estates that cab be inherited

2

The most complete estate in land that once can hold is

3

A fee simple that is somehow qualified (limited) in the conveyancing instrument is known as

4

If an estate can expire, but no automatically, by the occurrence or non-occurrence of a specified event, and revert to the grantor, it is known as

5

If an estate can expire, but not automatically by the occurrence or non-occurence of a specified event, and it does require an affirmative act of re-entry by the grantor or his/her successors, it is known as

6

If an estate can pass automatically from the grantee to some 3rd person upon the occurrence or non-occurrence of a specified event, it is known as fee simple

7

A freehold estate that is not inheritable is a

8

They type of life estate measured by the life of the grantee is known as a/an

9

An estate measured by the life of someone other than the grantee is known as a/an

10

A present right to future possession of land is known as a/anfut

11

The residue of an estate which remains with the grantor who regains possession when an estate granted by him/her terminates is a

12

A future interest created in one other than the grantor that will become present posssessory at the death of the life tenant is called

13

A freehold tenancy where one owner (person or corporation)owns the entire estate is

14

A freehold tenancy in which 2 or more owners may own an undivided unequal percentage of interest in the same estate is known as

15

A freehold tenancy in which 2 or more owners hold an undivided interest each owns the entire estate and there is right of survivorship, is called

16

Evidence of owership often used as a substitue word for ownership is known as

17

Individuals right in land such as use, possession, control, and disposition, are a reflection of one's ___in the land.

18

An interest in land that is or may become possessory and is ownership measured in terms of duration is the definition of ___ in the Restatement of the Law of Property

19

When used in relation to freehold estates, ___ describes how land is held (alone or with others)

20

An apt complex sells each of its units to individuals in fee simple ownership. This is an example of a

21

A condo owner may hold title

22

An owner of a cooperative receives ownership by

23

The owner of a cooperative is a

24

Which of the following statements is true?

25

M has purchased shares in a corporation and, in return, has received a proprietary lease. What kind of ownership is this arrangement?

26

The cooperative owner has a/an

27

A business entity in which all participants are personally responsible for everything the business does is a/an

28

The law in SC which made condo poosible is called

29

A type of business entity which is taxed like a partnership but is not a partnership is

30

A cooperation is classified as

 
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