![]() ![]() What type of rights does Abe have relative to this shale?ĭ. Abe learned that his family farmstead sat over a rich deposit of Marcellus shale. This type of rock produces gas, which can be mined, stored, and sold. Riparian B In many areas of the country, Marcellus shale has become a hot commodity. What kind of water rights do they hold?ĭ. Have permitted water rights to use the stream located six miles away for Reliction C Hal and Sara own a 212-acre farm. Power A Alluvion describes new deposits of land that are the result of what natural process?ĭ. Which right in the bundle of rights allows Rohit to do the camping weekend on undeveloped land?ĭ. He is planning a weekend with friends where they'll camp on the property while scouting good locations to place a cabin. C Rohit bought 31 acres of undeveloped and mostly forested land. Ron may take the fixtures as long as he repairs any damage caused by removal. Ron is required to take the fixtures and return the premises to its original condition.ĭ. ![]() Ron is required to leave the fixtures if they're attached.Ĭ. If Ron leaves them in place and the lease expires, he has three months to remove them.ī. Which of these is true about these trade fixtures.Ī. When they started taking down the installation, they realized that some of the structures they built will damage the walls if they try to remove them. After operating for two years, their attendance (and thus their profits) started to drop significantly, so they decided it was time to close the location. In-ground pool D Ron's company leased a building so that they could build an escape room experience. Possession C Personal property includes which of the following?ĭ. Which real property right allows him to do so?ĭ. He's been spelunking for about three years and looks forward toĮxploring the caves on weekends. B Derrick was thrilled to find out that the land he purchased includes several Real estate, plus all of the interests, benefits, and rights included in ownership. Land, plus all things permanently attached to it naturally or artificially.ĭ. D What's the best definition of real property?Ĭ. Artificial attachments to land that include things such as fencing, buildings, and walkways.ĭ. B What's the best definition of personal property?Ī. The point of beginning used in a metes and bounds survey. A permanent reference point used in the measurement of elevations.ĭ. A one-square-mile square formed in the use of the rectangular government survey system.Ĭ. A 36-square-mile square formed in the use of the rectangular government survey system.ī. Improvements may deteriorate over time, the land itself cannot be destroyed?Ī. A pine tree B Which physical characteristic of land addresses the concept that while Scarcity B Which of these may have been used as a point of beginning in the metes andĭ. This is an example of which economic characteristic of real property?ĭ. He decided to install sewer and underground electric for the entire subdivision, because he thinks that he will easily recoup his initial infrastructure investment. Rectangular government survey C Jacob is a developer who purchased 78 acres and had it subdivided into halfacre D Which legal description method is regulated by the U.S. ![]()
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