Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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Which legal document is used to transfer ownership
interests in personal property?
a. | deed | b. | bill of sale | c. | certificate of
ownership | d. | recorded deed |
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2.
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Another name for personal property
is:
a. | fixture | b. | chattel | c. | fructus
naturalus | d. | fruits of nature |
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3.
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A wheat farmer's right to come back after the
property is sold is because the right to harvest growing crops is known as:
a. | an emblement which is a personal property right
(chattel). | b. | a statutory right
of redemption. | c. | the automatic
right to fructus naturalus | d. | a time honored
legal right in agriculture |
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4.
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What is NOT real property?
a. | fructus naturalus | b. | mineral rights | c. | trade fixtures | d. |
fixtures |
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5.
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Items that are permanent additions to property
are:
a. | trade fixtures | b. | emblements. | c. | chattels. | d. | improvements. |
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6.
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Fixtures are:
a. | temporary. | b. | real property. | c. | transferred
through a bill of sale. | d. | personality. |
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7.
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A tenant who leases a property for a restaurant
intalls a walk in cooler in the building. Who owns the cooler if it is a trade fixture?
a. | the landlord. | b. | the building owner | c. | the
lessor | d. | the tenant |
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8.
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A tenant installs a kitchen, counters and booths in
a restaurant. These trade fixtures are:
a. | a permanent part of the structure and must be left with
the property when the lease expires. | b. | removable by the
tenant any time prior to expiration of the lease. | c. | only to be removed with the landlords permission. | d. | fixtures and belong to the landlord. |
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9.
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A window air conditioner is a:
a. | fixture. | b. | modern example of a fixture. | c. | form of real property. | d. | chattel. |
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10.
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A seller wants to remove a fixture after the
closing date. A fixture:
a. | can never be removed by the seller either before or
after the closing date. | b. | may be removed if
the contract of sale says so. | c. | can always be
removed. | d. | can only be removed before the closing
date. |
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11.
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A home's new hot water heater and furnace
are:
a. | appurtenances. | b. | trade fixtures. | c. | personal
property. | d. | chattels. |
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12.
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A farmer who is renting a farm plants a crop. The
crop is:
a. | a trade fixture. | b. | an emblement which is personal property owned by the
tenant. | c. | fructus naturalus. | d. | owned by the owner of the farm. |
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13.
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Emblements are:
a. | harvested crops that have been
sold. | b. | farm equipment | c. | cattle | d. | crops that are
growing |
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14.
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A landlord installed a commercial sign on a
tenant's leased property. Can the tenant remove the sign when the tenant’s lease
expires?
a. | Yes because it is a trade fixture and belongs the the
tenant since it was done during the lease.. | b. | Maybe with the
Landlord’s permission. | c. | Yes because the
Landlord did not have the right to install it in the first place. | d. | No because it was installed by the landlord and is the landlord’s
property. |
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15.
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A broker listed a cherry orchaard which had a
growing crop of cherries. The cherries are:
a. | always included in the sale. | b. | sometimes included in the sale. | c. | an emblement which may be harvested by the seller within a reasonable time
after closing. | d. | fructus naturalus
and owned by the new buyer. |
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16.
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After a buy/sell agreement is signed.
Is it legal for the seller to replace the custom lighting fixtures and gold platted plumbing fixtures
with less expensive ones?
a. | Yes, as long as the new fixtures work as well as
the old ones. | b. | Yes, as long as it
is done prior to closing. | c. | Yes, because the
items were more expensive than those normally used. | d. | No, because the old expensive fixtures are real
property. |
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17.
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When a crop is planted and then a farmer sells the
farm, the crop is:
a. | a trade fixture. | b. | personal property owned by the seller. | c. | real property and owned by the buyer. | d. | a fixture. |
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18.
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A home's garage door opener remote control
is:
a. | personal property owned by the
seller. | b. | a fixture that must be left with the buyer at
closing. | c. | a trade fixture. | d. | owned by the seller because it is
portable. |
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19.
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Appurtenances are:
a. | improvements to real
property. | b. | window air conditioners. | c. | personal property. | d. | trade
fixtures. |
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20.
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Which is a fixture?
a. | a riding lawn mower | b. | a portable dishwasher that is on wheels | c. | a light fixture with a ceiling fan attached | d. | a walk in cooler owned by the tenant |
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21.
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Which of the following is personal
property?
a. | a three year lease | b. | a pine tree | c. | a
building | d. | a chain link
fence |
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