Which of the following is an INCORRECT statement regardingsubsurface? rights? A. Subsurface rights a

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Which of the following is an INCORRECT statement regardingsubsurface? rights? A. Subsurface rights are also referred to as intangible rights. B. ?Theoretically, mineral rights extend to the center of theearth. C. Subsurface rights may be sold separately from surfacerights. D. In? reality, mines and oil wells usually extend only severalmiles into the earth. E. The owner of land possesses mineral rights to the earth locatedbeneath the surface of the land. ——————————– Which of the following is an INCORRECT statement regarding alife? estate? A. A life tenant is treated as the owner of the property during theduration of the life estate. B. A life estate may be measured by the life of a third party. C. A life tenant has the right to possess and use the propertyexcept to the extent it would cause permanent waste of theproperty. D. The person who is given a life estate is called theproprietor. E. A life estate may be defeasible. ———————– Which of the following is an INCORRECT statement regarding alife? estate? A. A life estate may be defeasible. B. A life tenant is treated as the owner of the property during theduration of the life estate. C. The person who is given a life estate is called theproprietor. D. A life tenant has the right to possess and use the propertyexcept to the extent it would cause permanent waste of theproperty. E. A life estate may be measured by the life of a third party. ———————- Which of the following is NOT a form of? co-ownership of real?property? A. tenancy by the entirety B. community property C. sole proprietorship D. tenancy in common E. joint tenancy ———————- The parties to a tenancy in common are called tenants in?_____. A. limited partnership B. general partnership C. common D. eminent domain E. holding ———————— How many states recognize a form of? co-ownership known ascommunity? property? A. 17 B. none C. 9 D. 37 E. 24 ———————- Which of the following is an INCORRECT statement regardingcommunity? property? A. Property that is acquired through gift or inheritance eitherbefore or during marriage remains separate property. B. During the? marriage, either spouse can? sell, transfer, or makea gift of community property without the consent of the otherspouse. C. Interest? payments, dividends, and appreciation of separateproperty received or accrued during marriage are separateproperty. D. Under community property? laws, each spouse owns an equal?one-half share of the income both spouses earned during the?marriage, regardless of who earns the income. E. Upon a? divorce, each spouse has a right to? one-half of thecommunity property. ——————————- Which of the following is NOT true about a? cooperative? A. A cooperative is a form of? co-ownership of a? multiple-dwellingbuilding in which a corporation owns the building and the residentsown shares in the corporation. B. The corporation can borrow money on a blanket? mortgage, andeach shareholder is jointly and severally liable on the loan. C. ?Usually, cooperative owners may not sell their shares orsublease their units without the approval of the other owners. D. Individual residents may secure loans for the units theyoccupy. E. Each cooperative owner leases a unit in the building from thecorporation under a? renewable, long-term, proprietary lease. ——————————- Which of the following is NOT true about a? condominium? A. Owners may sell or mortgage their units without the permissionof the other owners. B. In addition to being used for dwelling? units, the condominiumform of ownership is often used for office? buildings, boat? docks,and the like. C. ?Usually, condominium owners may not sell or sublease theirunits without the approval of the other owners. D. Condominiums are a common form of ownership in?multiple-dwelling buildings. E. Purchasers of a condominium? (1) have title to their individualunits and? (2) own the common areas? (e.g., hallways,? elevators,parking? areas, recreational?facilities) as tenants in common withthe other owners. ——————————- ?Zora, Heathcliff,? Manuel, and Mohammad own a large commercialbuilding as joint tenants. If Heathcliff executes a will that leaves all of his property tohis alma mater? university, who owns the property when Heathcliff?dies? A. The university owns the entire building in fee simple. B. ?Zora, Manuel, and Mohammad each own a? one-third interest inthe building. C. ?Zora, Manuel,? Mohammad, and the university each own a?one-quarter interest in the building. D. ?Zora, Manuel, and Mohammad each own a life estate in thebuilding that will go to the university upon their deaths. E. It will depend on what the probate judge rules. ————————– Which of the following is NOT a way ownership of real propertycan be transferred from one person to? another? A. will B. tax sale C. gift D. sale E. revocation ———————————— Which of the following is NOT true about adverse?possession? A. The adverse possessor must occupy the property so as to put theowner on notice of the possession. B. Any break in normal occupancy terminates the adversepossession. C. The time period varies from state to? state, but is usuallybetween 7 and 20 years. D. The adverse possessor must physically occupy the premises. E. The possessor must occupy the property with the express orimplied permission of the owner. ———————————- If Kiki buys a lot from Joey that is landlocked? (meaning thepurchased lot has no direct access to a road? ), if Kiki can driveover? Joey’s lot to reach the nearest? road, this is known as aneasement by? ________. A. grant B. necessity C. implication D. reservation E. prescription —————————— I need to get 100% on this. Can I have the reason why you answerthis way? Attached

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