Property Law Quiz

Questions

1. What is an easement?
2. What is the difference between a leasehold estate and a fee simple estate?
3. What is the doctrine of adverse possession?
4. What is the difference between a lien and a mortgage?
5. What is the difference between a deed and a title?
6. What is the difference between a freehold estate and a leasehold estate?
7. What is the difference between a license and an easement?
8. What is a covenant?
9. What is the difference between a real property and a personal property?
10. What is the difference between a deed of trust and a mortgage?

Answers

1. An easement is a right to use land owned by another person for a specific purpose.
2. A leasehold estate is a temporary right to use land for a specific period of time, while a fee simple estate is an absolute and unconditional ownership of land.
3. The doctrine of adverse possession is a legal principle that allows a person to acquire legal title to land by occupying it for a certain period of time.
4. A lien is a legal claim against a property that must be paid off before the owner can sell or transfer the property, while a mortgage is a loan that is secured by the property.
5. A deed is a legal document that transfers ownership of a property from one party to another, while a title is a document that proves ownership of a property.
6. A freehold estate is an absolute and unconditional ownership of land, while a leasehold estate is a temporary right to use land for a specific period of time.
7. A license is a permission to use land owned by another person, while an easement is a right to use land owned by another person for a specific purpose.
8. A covenant is an agreement between two or more parties that creates certain rights and obligations.
9. Real property is land and anything permanently attached to it, while personal property is any property that is not real property.
10. A deed of trust is a document that transfers ownership of a property from one party to another, while a mortgage is a loan that is secured by the property.

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Property Law Practice Sheet

Introduction

Property Law is an important area of law that governs the ownership and use of land, buildings, and other objects. This practice sheet is designed to help you understand the basics of Property Law.

Basics

1. What is the difference between real property and personal property?

Real property is land and anything permanently attached to it, such as buildings, trees, and minerals. Personal property is anything else, such as furniture, cars, and money.

1. What is a deed?

A deed is a legal document that transfers ownership of real property from one person to another.

1. What is an easement?

An easement is a right to use the land of another for a specific purpose, such as a right of way or an access to a public beach.

1. What is a mortgage?

A mortgage is a loan secured by real property. The borrower agrees to pay the lender back over a period of time, usually with interest.

Advanced

1. What is the difference between a lease and a license?

A lease is a contract that grants the tenant the right to use the property for a specific period of time, usually in exchange for rent. A license is a permission to use the property for a specific purpose, such as a hunting license.

1. What is adverse possession?

Adverse possession is a legal doctrine that allows someone to acquire title to a piece of land if they have been in continuous, exclusive, and open possession of the land for a certain period of time.

1. What is a covenant?

A covenant is a promise made by one party to another in a deed or other legal document. It is usually a promise to do or not do something with respect to the property.

1. What is a lien?

A lien is a legal claim on a property that allows the lienholder to take possession of the property if the owner fails to pay a debt. Common examples of liens include mortgages and mechanics liens.