(Solution Document) What distinguishes land from real estate with respect to the legal concept of real property?


What distinguishes land from real estate with respect to the legal concept of real property?

a. adaptable purposes

b. structures and fixtures

c. total infinite quality

d. value of land versus value of commodity


27. Isabella and Martina are joint tenants of a commercial warehouse. What would happen if either Isabella or Martina were to die?

a. The property would be subdivided, and each half interest would be sold by auction.

b. The survivor would have the right to buy out the deceased owner's interest.

c. Each interest is subject to a right of survivorship, and the rights of the deceased owner would pass to the surviving owner.

d. The rights of the deceased owner would be inherited by the deceased's heirs.

 

28. Which of the following is "tenant" synonymous with in the realm of real property law?

a. an individual who leases space rather than having outright ownership

b. a contract allowing owners to deal with their respective interests

c. an owner of any form of right or title in land

d. a contract limiting ownership by division in time

 







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