Property Rights and Legal Concepts Flashcards
7 cards from real SAEE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Property Rights and Legal Concepts flashcards as text
Which of the following best describes a 'defeasible fee' estate?
Answer: A fee simple that can be defeated upon the occurrence of a specified condition
A defeasible fee is a fee simple ownership that automatically terminates or may be terminated if a stated condition occurs or is violated.
Riparian rights govern a property owner's use of:
Answer: Water from a stream bordering or crossing the property
Riparian rights are common-law water rights belonging to owners of land adjacent to or through which a natural watercourse flows.
A court rules that a neighbor has acquired an easement by prescription. For this to occur, the use must have been:
Answer: Open, notorious, hostile, and continuous for the statutory period
Prescriptive easements are established by open, notorious, hostile (without permission), and continuous use for the applicable statutory period.
Under the concept of 'bundle of rights,' which right allows an owner to sell, gift, or bequeath property?
Answer: The right of disposition
The right of disposition gives the owner the ability to transfer ownership through sale, gift, or inheritance.
A lien that attaches to all real property owned by a debtor in a county is called a:
Answer: General lien
A general lien, such as a judgment lien, attaches to all real property owned by the debtor within the jurisdiction, unlike specific liens tied to a particular property.
Which form of co-ownership requires all owners to have equal shares acquired at the same time, through the same instrument, with identical rights of possession?
Answer: Joint tenancy
Joint tenancy requires the four unities: time, title, interest, and possession, and includes the right of survivorship.
A property is taken by the government for public use and the owner receives just compensation. This exercise of government power is called:
Answer: Eminent domain
Eminent domain is the constitutional power of government to take private property for public use upon payment of just compensation to the owner.