Real Estate

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  1. State Land Use Commission (LUC) classified all lands in the State into four land use districts, they are...
    • Urban
    • Agricultural
    • Rural
    • Conservation
  2. True or False:
    Gas, oil and mineral rights are reserved for the state.
  3. Ownership of lands bordering on navigable or non-navigable streams and rivers carries with it the legal right to use. What rights do owners whos land abut those waters?
    Riparian Rights. Owners being called riparian owners.
  4. What is not necessary on a bill of sale?
    A DATE is legally unnecessary.
  5. What are the four "tests of a fixture"? What is the most important test?
    Method of attachment, adaptation of the article to the property, relationshiop of the parties, intention of the parties.
Card Set
Real Estate
Chapter 1-8
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