Tangible property is physical, visible, and:1. abstract2.

Ch 2 Flashcards

Tangible property is physical, visible, and:1. abstract2.

conceptual3. material4. imperceptible

• material

What describes real estate and the bundle of rights associated with owning the real estate?1. personal estate2.community property3. personal property4. real property

• real property

The north-south area between consecutive meridians is

called a:1. lot2. tier3. section4. range

• range

Air, water, land and everything affixed to the land is a

definition of:1. intangible property2. chattel3. real estate4.

community property

• real estate

What type of rights apply to the real estate contained within the surface boundaries of the parcel?1. littoral rights2.water rights3. encumbrance rights4. surface rights

• surface rights

What is the conversion of real property to personal property by detaching it from the real estate called?1. assignment2.severance3. fasten4. allocate

• severance

What system uses physical features of the local geography, along with directions and distances, to define and describe the boundaries of a parcel of land?1. lot and block method2. rectangular survey system3. recorded plat method4. metes and bounds

• metes and bounds

What describes a portion of land delineated by boundaries?1. a section2. a parcel3. a tier4. a plot

• a parcel

What type of survey locates and verifies all property corners and boundaries, shows the location of all improvements in relation to the property lines, includes an area of the overall property and shows any existing encroachments?1. a location survey2. a construction survey3. a boundary survey4. a site planning survey

• a boundary survey

The metes and bounds description always identifies an

enclosed area by starting at an origination point called:1.

point of beginning2. base point3. point4. conception

• points of beginning

What term means the right to mortgage a property as collateral for debt?1. the right to exclude2. the right to encumber3. the right to finance4. the right to rescind

• the right to encumber

The term "metes" refers to distance and direction and the

term "bounds" refers to:1. course2. variable landmarks3.

fixed reference points4. latitude

• fixed reference points

What type of surveys use portable receiving antennas to gather data transmitted from satellites which are used to calculate the position of the object being located on the

surface of the earth?1. TA/AC surveys2. ALTA surveys3.GPS surveys4. ALTA/ SM surveys

• GPS surveys

What type of survey is a boundary survey with the additional location of all the interior improvements?1.

topographic survey2. location survey3. a site planning survey4. a construction survey

• location survey

What term describes a personal property item that has been converted to real property by attachment to real estate?1. a feature2. a component3. a fixture4. a fitment

• a fixture

Items of personal property are also called:1.

appurtenances2. fodder3. chattels4. interest

• chattels

What did the federal government develop to simplify and standardize property descriptions as a replacement for the cumbersome and often inaccurate metes and bounds method?1. the lot and block method2. the rectangular survey system3. the recorded plat method4. the public survey system

• the rectangular survey system

The three unique characteristics of land are immobility,

indestructibility, and:1. production2. heterogeneity3.

function4. cultivation

• heterogeneity

What type of rights concern properties abutting bodies of water that are not moving, such as lakes and seas?1. inlet rights2. littoral rights3. real property rights4. riparian rights

• littoral rights

What is the act of converting personal property to real property by attaching it to the real estate called?1.affixing2. severing3. appending4. detaching

• affixing

What type of survey includes a topographic survey of a parcel of land which will be divided into two or more smaller tracts, lots or estate divisions?1. a location survey2.construction survey3. a site survey4. a subdivision survey

• a subdivision survey

What type of property is ownership of anything that is not real estate and the rights associated with owning the item?1. an emblement2. real property3. datum4. personal property

• personal property

What refers to support provided by the adjacent property, such as a landowner having a right to demand that a neighboring property owner does nothing to cause the land to collapse?1. material support2. lateral support3. central support4. littoral support

• lateral support

What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to conduct business?1. datum2.accessories3. personal devices4. trade fixtures

• trade fixtures

Property rights that are said "to run with the land" and includes things such as air rights, surface rights and subsurface rights are called1. fixtures2. emblement3.appurtenances4. chattels

• appurtenances