Which of the following is included in the traditional bundle of rights?
Use of the property for any legal purpose
Which of the following is included in the definition of real estate?
Minerals in the earth
A specific tract of land is known as a
a parcel
The owner of a large farm may lease to a gas-drilling company his
subsurface rights.
Manufactured, permanent additions to land are called
chattels.
One would have to look at a federal map to identify
navigable waterways.
A person owns land along the Passaic River. As a result, this person may possess certain
riparian rights
Which of the following items would be considered personal property?
Farm equipment
A tenant in a small house is under a one-year lease. Without consulting his landlord, the tenant installs awnings over the building's front windows to keep the sun away from some delicate hanging plants. Which of the following is TRUE?
The awnings have become part of the real estate and cannot be removed.
When furnishing a beauty salon, the hairdresser installed three shampoo basins, four large plate-glass mirrors, and custom workstation counters. Just before the expiration of the lease, the hairdresser has the right to remove
everything but the shampoo basins, because they are attached to the plumbing.
only the mirrors, and then only if holes in the walls are repaired.
The owners are building a new enclosed front porch on their home. The lumber dealer with whom they are contracting has just unloaded a truckload of lumber to be used to build the porch in front of their house. At this point, the lumber is considered
a chattel.
When the new front porch is completed, the lumber that the dealer originally delivered will be considered
real estate
Personal property differs from real property in its
mobility
A functioning furnace in the basement of a home would be considered a
fixture
Courts apply four basic tests to determine whether an item is a fixture or personal property. These include all of the following EXCEPT
the opinion of the person purchasing the real estate to which the item is attached.
After a railroad sells air rights for construction of a building over its tracks, trains usually can
operate normally.
A rancher owns land on which oil is discovered by a drilling company. Based on these facts alone, which of the following statements is TRUE?
If the owner has not previously conveyed the mineral rights, he owns the oil.
A mobile home can be sold as real estate if it is
permanently attached to the land by a foundation.
The rights of the owner of property along the ocean are known as
littoral rights.
Ownership rights to real estate do NOT include
navigable rivers running through the property.