Question

1. Caihong owns land in Arizona. Her ownership rights include the right to sell or give away the property without restriction, and the right to commit waste, if she chooses. Caihong’s ownership interest is

a. a life estate.

b. a fee simple absolute.

c. a leasehold estate.

d. an easement

2. Darling Company has the right to enter Pan's land and remove the rock from Pan's quarry. This is

a. a profit.

b. an easement

c. a fee simple absolute.

d. a license

3. Robert’s lease for Dean Hogan’s house on has expired but Robert has stayed in the house with Dean Hogan’s permission. This is a

a. a tenancy at will or a tenancy at sufferance.

b. a periodic tenancy or monthly tenancy.

c. a restrictive covenant.

d. a fixed-term tenancy or a tenancy for years

4. Consumer Shops, Inc., signs a lease for a storefront owned by Downtown Building Company. Unlike a purchaser of real property, Consumer Shops

a. enjoys exclusive possession of the premises.

b. holds only temporary title to the premises.

c. retains temporary, exclusive possession and title to the premises.

d. acquires only temporary possession of the premises.

Homework Answers

Answer #1

1. Caihong owns land in Arizona. Her ownership rights include the right to sell or give away the property without restriction and the right to commit waste if she chooses. Caihong’s ownership interest is

Answer- (a) A life estate.

2. Darling Company has the right to enter Pan's land and remove the rock from Pan's quarry. This is

Answer- (b) An easement

3. Robert’s lease for Dean Hogan’s house on has expired but Robert has stayed in the house with Dean Hogan’s permission. This is a

Answer- (a) A tenancy at will or a tenancy at sufferance.

4. Consumer Shops, Inc., signs a lease for a storefront owned by Downtown Building Company. Unlike a purchaser of real property, Consumer Shops

Answer- (d) Acquires only temporary possession of the premises.

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