Quizz #7

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Question 1 of 22

1. Question
What is an example of a general lien?
- Property Tax lien
- Mechanic lien
- Attachment lien
- Judgement lien
- None of the above
Question 2 of 22

2. Question
A lien is a(n) ____
- Implicit contract
- Explicit contract
- Default judgement
- Security for a debt
- Property tax
Question 3 of 22

3. Question
A vendor’s lien protects the ____
- Buyer
- Seller
- Property
- Debtor
Question 4 of 22

4. Question
What type of lien is created by the property owner?
- Involuntary
- General
- Voluntary
- Specific
- All of the above
Question 5 of 22

5. Question
What type of lien is created without the consent of the property owner?
- Involuntary
- Voluntary
- General
- Specific
Question 6 of 22

6. Question
What distinguishes a lien from other types of encumbrance?
- It involves a monetary claim against the value of a property.
- It lowers the value of a property.
- It is created voluntarily by the property owner.
- It attaches to the property rather than to the owner of the property.
Question 7 of 22

7. Question
Fill in the blank: An _ is an owner’s interest in a property in which two or more parties share ownership.
- Undivided Interest
- Interest in Real Estate
- Public Interest
- Agent’s Interest
- All of above
Question 8 of 22

8. Question
If a private interest-holder does not have the right to possess, the interest is what?
- Encumbrance
- Estate in Land
- Public Interest
- Zone
- Agent's interest
Question 9 of 22

9. Question
What is the highest form of ownership interest one can acquire in real estate?
- Fee simple estate
- Estate in land
- Eminent domain
- Joint tenancy
- Equal ownership
Question 10 of 22

10. Question
What is an easement?
- An interest in real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
- An interest in real property that gives the holder the right to use portions of the legal owner’s real property in an undefined way
- An interest in real property that gives the holder the right to use all of the legal owner’s real property in a defined way
- A Timeshare in real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
- A lien on real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
Question 11 of 22

11. Question
What are the requirements for the government’s right to take a property voluntarily from an owner?
- The property owner must be paid compensation for the property
- The property must be used for the public good
- The owner must have due process in the courts system
- All of the above
Question 12 of 22

12. Question
Which is a general lien
- Judgement lien
- Property Tax lien
- Mechanic lien
- Attachment lien
Question 13 of 22

13. Question
A lienee is a(n) ___
- Agent
- Creditor
- Government employee
- Judge
- Debtor
Question 14 of 22

14. Question
The _____ is protected under a vendor’s lien.
- Seller
- Buyer
- Debtor
- Property
- None of the above
Question 15 of 22

15. Question
A ____ lien is created with owner consent.
- Voluntary
- Involuntary
- General
- Specific
Question 16 of 22

16. Question
A(n) ___ lien is created without the owner’s consent .
- Voluntary
- Involuntary
- Specific
- General
Question 17 of 22

17. Question
What sets liens apart from other types of encumbrance?
- It lowers the property value.
- It is created by the property owner voluntarily.
- Rather than attaching to the owner of the property, it attaches to the property itself.
- It involves a monetary claim against the value of a property.
Question 18 of 22

18. Question
When two or more parties share ownership of a property and an owner’s interest in the property is known as
- Interest in Real Estate
- Undivided Interest
- Agent’s Interest
- Public Interest
- None of the above
Question 19 of 22

19. Question
___ represents a private interest holder whom does not have the right to possess.
- Estate in Land
- Encumbrance
- Agent's interest
- Public Interest
- Zone
Question 20 of 22

20. Question
The highest form of ownership interest one can acquire in real estate is
- Joint tenancy
- Eminent domain
- Estate in land
- Equal ownership
- Fee simple estate
Question 21 of 22

21. Question
Define an easement
- An interest in real property that gives the holder the right to use portions of the legal owner’s real property in an undefined way
- An interest in real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
- A Timeshare in real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
- A lien on real property that gives the holder the right to use portions of the legal owner’s real property in a defined way
- An interest in real property that gives the holder the right to use all of the legal owner’s real property in a defined way
Question 22 of 22

22. Question
Which of the following is not a requirement for the government’s right to take a property voluntarily from an owner ?
- The property must be used for the public good
- The owner must have due process in the courts system
- The property owner must be paid compensation for the property
- The property must be used for the private good

Quizz #7

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