QUESTION 1 Joint tenants have the right of survivorship. True False 10 points QU
ID: 364922 • Letter: Q
Question
QUESTION 1
Joint tenants have the right of survivorship.
True
False
10 points
QUESTION 2
An easement may only be created by a written deed.
True
False
10 points
QUESTION 3
Marketable title to real property means perfect title.
True
False
10 points
QUESTION 4
Condominium unit owners pay their own real property taxes.
True
False
10 points
QUESTION 5
Real and personal property may be the subject of a bailment.
True
False
10 points
QUESTION 6
A sale is a form of bailment.
True
False
10 points
QUESTION 7
A bailee must always return identical property to the bailor.
True
False
10 points
QUESTION 8
Fire insurance only covers a loss from a friendly fire.
True
False
10 points
QUESTION 9
A writing is required for all bailments.
True
False
10 points
QUESTION 10
A mortgage may be oral or written.
True
False
Explanation / Answer
Joint tenants have the right of survivorship.
True
In the type of concurrent state, Joint tenants get a special form of ownership in which two or more persons own the same property and creates a right of survivorship that is when one dies, the remaining property rights gets transferred to the other owners of the same property.
QUESTION 2
An easement may only be created by a written deed.
False
It can be created by written deed or an oral one or a grant. It could also be created by operation of law or by prescription.
QUESTION 3
Marketable title to real property means perfect title.
True
It is a clear title which is free from any reasonable doubt as to free from litigation and consisting of legal titles which should be equitable in nature as well.
QUESTION 4
Condominium unit owners pay their own real property taxes.
True
They pay their own real property tax along with monthly common charge to the condominium which does not include any real estate tax that such owners pay nor any building mortgage interest.
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