SAEE Property Rights and Legal Concepts 5

Question 1

Which of the following best describes a 'defeasible fee' estate?

Accepted Answer

A fee simple that can be defeated upon the occurrence of a specified condition

Answer

A defeasible fee is a fee simple ownership that automatically terminates or may be terminated if a stated condition occurs or is violated.

Question 2

Riparian rights govern a property owner's use of:

Accepted Answer

Water from a stream bordering or crossing the property

Answer

Riparian rights are common-law water rights belonging to owners of land adjacent to or through which a natural watercourse flows.

Question 3

A court rules that a neighbor has acquired an easement by prescription. For this to occur, the use must have been:

Accepted Answer

Open, notorious, hostile, and continuous for the statutory period

Answer

Prescriptive easements are established by open, notorious, hostile (without permission), and continuous use for the applicable statutory period.

Question 4

Under the concept of 'bundle of rights,' which right allows an owner to sell, gift, or bequeath property?

Accepted Answer

The right of disposition

Answer

The right of disposition gives the owner the ability to transfer ownership through sale, gift, or inheritance.

Question 5

A lien that attaches to all real property owned by a debtor in a county is called a:

Accepted Answer

General lien

Answer

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.

SAEE Test Practice Test

SAEE Test Practice Test

SAEE Property Rights and Legal Concepts 5