NCA Property Law

Question 1

What is the highest and most complete form of ownership interest in land under Canadian common law?

Accepted Answer

Fee simple absolute

Answer

Life estate

Answer

Leasehold estate

Answer

Fee tail

Question 2

Which Latin maxim reflects the principle that a person cannot transfer greater title in property than they themselves possess?

Accepted Answer

Nemo dat quod non habet

Answer

Caveat emptor

Answer

Res ipsa loquitur

Answer

In rem

Question 3

What is a 'life estate' in Canadian property law?

Accepted Answer

A property interest lasting for the duration of a named person's life

Answer

An estate that converts automatically to fee simple after 50 years

Answer

A fixed-term leasehold for the tenant's working life

Answer

A joint ownership arrangement lasting until divorce

Question 4

Under the Torrens land registration system used in most Canadian provinces, what is the primary legal effect of registration?

Accepted Answer

It creates indefeasible title in the registered owner

Answer

It provides constructive notice only and does not affect priority

Answer

It transfers equitable title but leaves legal title with the vendor

Answer

It is a public record with no independent legal effect

Question 5

What is 'adverse possession' in Canadian property law?

Accepted Answer

Acquisition of title through long, open, continuous, exclusive, and hostile possession for the statutory period

Answer

A court order transferring land to a judgment creditor

Answer

The Crown's power to expropriate privately held land

Answer

A neighbor's statutory right to use adjoining land for utilities

Question 6

What is a 'remainder' interest in property law?

Accepted Answer

A future interest that vests in a third party upon the natural termination of a prior possessory estate

Answer

Money remaining after a mortgage is partly paid down

Answer

The residual equity in a property sold under power of sale

Answer

A surviving joint tenant's share after the other tenant dies

Question 7

Which of the following correctly describes a 'fee tail' estate?

Accepted Answer

An estate that descends only to the lineal heirs of the original grantee

Answer

A mortgage security interest over agricultural land

Answer

A type of easement benefiting a neighbouring parcel

Answer

A restrictive covenant that runs with the burdened land