VT Bar VT Bar Property

Question 1

In Vermont, the recording act is which type?

Accepted Answer

Race-notice statute

Answer

Race statute

Answer

Notice statute

Answer

Pure race statute

Question 2

A fee simple absolute is best described as which of the following?

Accepted Answer

The most complete form of property ownership with no conditions or limitations

Answer

An estate that terminates upon the holder's death without issue

Answer

An estate that reverts to the grantor upon a condition subsequent

Answer

An estate held jointly by two or more persons

Question 3

Under Vermont law, adverse possession requires possession that is open, notorious, hostile, exclusive, and continuous for how many years?

Accepted Answer

15 years

Answer

5 years

Answer

10 years

Answer

20 years

Question 4

Which type of co-tenancy includes a right of survivorship so that a deceased co-owner's interest automatically passes to the surviving co-owner?

Accepted Answer

Joint tenancy

Answer

Tenancy in common

Answer

Tenancy by the entirety

Answer

Tenancy at will

Question 5

An easement appurtenant benefits which party?

Accepted Answer

The owner of the dominant estate

Answer

The owner of the servient estate

Answer

The public generally

Answer

The grantor of the easement

Question 6

In Vermont, which doctrine allows a court to reform a deed that fails to reflect the parties' true agreement due to mutual mistake?

Accepted Answer

Reformation

Answer

Adverse possession

Answer

Equitable estoppel

Answer

Specific performance