Unit 1 exam 1 50 Flashcards

Unit 1 exam #1 50% Flashcards The courts use three primary tests to determine whether

something is personal property or real property. These are:

method of attachment, agreement, and adaptation. What does adaptation test?The test is based on how the item is situated to the real estate.The adaptation test is based on how the item is situated to the real estate. If the item has been custom fitted and is not easily removed without dismantling or disrupting the fixtures around it, it is considered real property and should not be removed.Which act created federal regulations for the construction of manufactured homes?National Manufactured Housing Construction and Safety Standards Act of 1976The construction of manufactured homes became federally regulated with the passage of the National Manufactured Housing Construction and Safety Standards Act of 1976.If the sale of a property that includes soybean fields occurs before the crops are ready for harvest, which of the following is the best option for the parties to the transaction to take?The contract between the parties should clarify the disposition of the crop.The courts use three primary tests to determine whether

something is personal property or real property. These are:

method of attachment, agreement, and adaptation. What does agreement test?The test is based on what the parties have decided (usually captured in writing) as to whether an item will stay or go.Which of the following would be a description used for real property?In-ground Personal property includes which of the following?Free-standing TV What's the best definition of real property? Real estate, plus all of the interests, benefits, and rights included in ownershipReal property includes real estate, plus all of the interests, benefits, and rights included in ownership.What are emblements in real estate?Cultivated cropsIn real estate, emblements are cultivated crops. They're considered personal property even though they are attached to the soil.