Exam 33: Multiple Ownership of Real Property

A) Proprietors associations
B) Homeowners associations
C) Property holders associations
D) Property owners associations

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A) Tenants own a unified right to be on the property
B) Tenants individually own a financial stake
C) All of the above
D) None of the above

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Definition: A cooperative apartment is a...

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A) Real property owned by more than one person
B) Real property owned severally
C) Real property owned by business partners
D) Real property owned by a married couple

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A) Law governing a tenancy by partnership
B) Equal interest in a property by all owners
C) Deed to a condominium describing the entire property owned by the condominium association
D) Community property jurisdiction
E) Fee simple ownership of a unit of real property in which the owner can exercise the right of possession for only an interval of time
F) Real property is owned separately by one person
G) Division of the property into separate parcels
H) Tenancy that may be held only by a husband and wife
I) Deed to an individual condominium unit being transferred
J) To collect a sum of money by putting into effect the judgment of a court

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A) Unity of time
B) Unity of possession
C) Unity of interest
D) Unity of title

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A) Husband only had right to all the profits of the estate
B) Wife had the entire control over the marital estate
C) Husband and wife had mutual control over the marital estate
D) Husband had the entire control over the marital estate

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A) Levy on judgment
B) Levy on execution
C) Levy on implementation
D) Levy on performance

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A) Law governing a tenancy by partnership
B) Equal interest in a property by all owners
C) Deed to a condominium describing the entire property owned by the condominium association
D) Community property jurisdiction
E) Fee simple ownership of a unit of real property in which the owner can exercise the right of possession for only an interval of time
F) Real property is owned separately by one person
G) Division of the property into separate parcels
H) Tenancy that may be held only by a husband and wife
I) Deed to an individual condominium unit being transferred
J) To collect a sum of money by putting into effect the judgment of a court

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A) Law governing a tenancy by partnership
B) Equal interest in a property by all owners
C) Deed to a condominium describing the entire property owned by the condominium association
D) Community property jurisdiction
E) Fee simple ownership of a unit of real property in which the owner can exercise the right of possession for only an interval of time
F) Real property is owned separately by one person
G) Division of the property into separate parcels
H) Tenancy that may be held only by a husband and wife
I) Deed to an individual condominium unit being transferred
J) To collect a sum of money by putting into effect the judgment of a court

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A) Block
B) Share
C) Unit
D) Compartment

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A) Law governing a tenancy by partnership
B) Equal interest in a property by all owners
C) Deed to a condominium describing the entire property owned by the condominium association
D) Community property jurisdiction
E) Fee simple ownership of a unit of real property in which the owner can exercise the right of possession for only an interval of time
F) Real property is owned separately by one person
G) Division of the property into separate parcels
H) Tenancy that may be held only by a husband and wife
I) Deed to an individual condominium unit being transferred
J) To collect a sum of money by putting into effect the judgment of a court

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A) Administrative regulation
B) Common law doctrine
C) State constitution
D) Legislation

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A) Law governing a tenancy by partnership
B) Equal interest in a property by all owners
C) Deed to a condominium describing the entire property owned by the condominium association
D) Community property jurisdiction
E) Fee simple ownership of a unit of real property in which the owner can exercise the right of possession for only an interval of time
F) Real property is owned separately by one person
G) Division of the property into separate parcels
H) Tenancy that may be held only by a husband and wife
I) Deed to an individual condominium unit being transferred
J) To collect a sum of money by putting into effect the judgment of a court

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A) Log cabin inherited by a husband
B) Ranch inherited by a wife
C) Boat bought by a wife
D) Beach house given to a wife as a gift by her relatives

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