OR Bar Property Law 4

Question 1

Under Oregon law, the statutory period required for a successful adverse possession claim is:

Accepted Answer

10 years

Answer

5 years

Answer

7 years

Answer

20 years

Question 2

A grantor conveys Blackacre 'to A so long as the land is used for agricultural purposes.' This language creates:

Accepted Answer

A fee simple determinable with a possibility of reverter in the grantor

Answer

A fee simple absolute in A

Answer

A fee simple subject to condition subsequent with a right of entry in the grantor

Answer

A life estate in A measured by A's life

Question 3

Under the common law Rule Against Perpetuities, a contingent future interest is void unless it must vest or fail within:

Accepted Answer

A life in being at the creation of the interest plus 21 years

Answer

21 years from the date the instrument creating it becomes effective

Answer

90 years from the creation of the interest under the Uniform Statutory Rule

Answer

One generation after the death of the transferor

Question 4

Which factor is MOST determinative in deciding whether personal property has become a fixture?

Accepted Answer

The objective intent of the annexor, as evidenced by method of attachment and adaptation

Answer

The monetary value of the item relative to the real property

Answer

Whether the seller disclosed the item in the property listing agreement

Answer

The age of the item at the time it was attached to the realty

Question 5

In a real estate contract, 'marketable title' means title that is:

Accepted Answer

Free from reasonable doubt that would cause a prudent buyer to refuse the purchase

Answer

Insured against all possible defects by an ALTA title insurance policy

Answer

Free of all encumbrances including recorded easements and restrictions of record

Answer

Held continuously for more than 20 years without adverse claim

Question 6

A quitclaim deed differs from a general warranty deed in that a quitclaim deed:

Accepted Answer

Conveys only whatever interest the grantor holds, with no covenants of title whatsoever

Answer

Provides the broadest grantor warranty against all title defects, past and future

Answer

Automatically conveys after-acquired title if the grantor later acquires the property

Answer

Is valid only when used between family members or to clear a cloud on title

Question 7

The doctrine of after-acquired title (estoppel by deed) provides that if a grantor conveys property they do not yet own and later acquires title, then:

Accepted Answer

Title automatically inures to the benefit of the grantee when the grantor acquires it

Answer

The original deed is void and the grantee must obtain a new deed from the grantor

Answer

The grantor must pay the grantee money damages equal to the property's current value

Answer

The grantee must re-record the original deed after the grantor acquires title