In relation to ownership in land, the following is true:
a. Tenure is the word used to determine the length of time for which a person can hold land, and estate is the word used to to descibe the terms upon which an estate or interest in land is held;
b. Estate can be either freehold or leasehold;
c. Tenure is the word used to describe the terms upon which an estate or interest in land is held, and estate is the the word used to determine the length of time for which a person can hold land;
d. None of the above.
c. Tenure is the word used to describe the terms upon which an estate or interest in land is held, and estate is the the word used to determine the length of time for which a person can hold land;
Which of the following is not an estate in land:
a. Fee simple;
b. Trust;
c. Fee farm grant;
d. Fee tail.
b. Trust
Words of limitation are words that define the extent of the estate that is being conveyed; whilst words of purchase are words in the deed that define the person to whom the estate is being conveyed. Which of the following does not represent the correct words of limitation to convey a fee simple estate from a vendor to a purchaser:
a. To A and his heirs;
b. To A in fee simple;
c. To A and his succesors;
d. To A and his descendants.
d. To A and his descendants.
b. A determinable fee consists of a succession of life estates that has the potential to endure forever according to the rules of primogeniture;
a. A condition directs the grantee to marry
d. All of the above.
d. To A and his heirs apparent.
b. A life estate is created by using the words “To A and his heirs”
c. The type of fee farm grant created under Deasy’s Act is now obsolete
d. All of the above.
d. All of the above.
c. Final notice;
a. Possession
b. A joint tenancy is not forfeited even when one joint tenant is guilty of the unlawful killing of the other
d. All of the above.
b. Contract by one joint tenant with a third party.
c. A conveyance of the family home without the prior written consent of the non-owning spouse is deemed to be voidable at the instance of the non-owning spouse
a. A judgement mortgage
d. All of the above.
d. 6 years.
a. Direct contributions
b. Will not affect subsequent purchasers
c. May be abandoned voluntarily if it is done expressly and freely or by effluxion of time
d. All of the above.