Podcast
Questions and Answers
Minerals become personal property when they are:
Minerals become personal property when they are:
- taken to a refinery
- claimed
- extracted from the land (correct)
- surveyed
A section of a township contains the following number of acres:
A section of a township contains the following number of acres:
- 580
- 640 (correct)
- 560
- 360
A parcel that measures 1/4 of a mile by 1/4 of a mile is:
A parcel that measures 1/4 of a mile by 1/4 of a mile is:
- 1/8 of a section
- 1/4 of a section
- 1/36 of a section
- 1/16 of a section (correct)
A right that goes with or pertains to real property is called:
A right that goes with or pertains to real property is called:
Sometimes personal property is referred to as that which is immovable.
Sometimes personal property is referred to as that which is immovable.
When property is sold, everything considered to be part of the real property is transferred to the buyer, unless otherwise agreed.
When property is sold, everything considered to be part of the real property is transferred to the buyer, unless otherwise agreed.
Rights to oil and gas are determined by:
Rights to oil and gas are determined by:
What legal term refers to a permanent addition to real estate?
What legal term refers to a permanent addition to real estate?
Which of the following correctly defines the term 'real property'?
Which of the following correctly defines the term 'real property'?
A fixed item that is a part of the property and typically stays with the land is called:
A fixed item that is a part of the property and typically stays with the land is called:
Flashcards
What happens to minerals when extracted from the land?
What happens to minerals when extracted from the land?
They become personal property, meaning they are movable and can be owned independently from the land.
How many acres does a section of a township contain?
How many acres does a section of a township contain?
A section of a township contains 640 acres.
What is a parcel measuring 1/4 mile by 1/4 mile?
What is a parcel measuring 1/4 mile by 1/4 mile?
A parcel measuring 1/4 mile by 1/4 mile is 1/16 of a section.
What is an appurtenance?
What is an appurtenance?
Signup and view all the flashcards
Is personal property immovable?
Is personal property immovable?
Signup and view all the flashcards
What is transferred when property is sold?
What is transferred when property is sold?
Signup and view all the flashcards
How are oil and gas rights determined?
How are oil and gas rights determined?
Signup and view all the flashcards
What is the rule of capture?
What is the rule of capture?
Signup and view all the flashcards
Study Notes
Quiz Instructions - Nature of Real Property
- Quiz includes True/False, Multiple Choice, and Matching questions.
- Questions are randomly selected from course question banks.
Question 1: Mineral Rights
- Minerals become personal property when extracted from the land.
Question 2: Township Acreage
- A section of a township contains 640 acres.
Question 3: Parcel Dimensions
- A parcel measuring 1/4 mile by 1/4 mile is 1/16 of a section.
Question 4: Real Property Rights
- A right that goes with or pertains to real property is called an appurtenance.
Question 5: Immovable Property
- Sometimes personal property is referred to as that which is immovable, therefore the answer is True.
Question 6: Property Transfer
- When property is sold, everything considered part of the real property transfers to the buyer unless otherwise agreed. The answer is True
Question 7: Oil and Gas Rights
- Rights to oil and gas are determined by the rule of capture.
Question 8: Land Measurement Methods
- Match methods of land measurement with their definitions. (Note: this requires a table to be visible to provide the matching details)
Question 9: Water Rights
- A landowner's rights regarding water in a stream flowing through her land are called riparian rights
Question 10: Real Property Components
- Real property comprises more than just land. It includes other aspects as well. The statement that the only component is land is false.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
