Choose the letter of the correct answer.
1. Percent of Filipino ownership in a foreign corporation or partnership that are allowed to acquire land in the Philippines.
A. 60%.
B. 50%
C. 75%
2. The surface of the earth which was unimproved.
A. Land
B. Building
C. Estate
3. The land with all improvement and the rights on it.
A. Real property
B. Real estate
C. Land
4. Also known as personalty, or anything portable and movable.
A. Personal property
B. Movable property
C. Private property
5. Personal property that will become real estate.
A. Fixture
B. Real property
C. Real estate
6. A fixture use for trade or business.
A. Trade fixture
B. Business fixture
C. Furniture
7. Form of ownership with complete rights.
A. Fee simple
B. Life estate
C. Leasehold
8. The land with natural and artificial improvement on it.
A. Real estate
B. Land
C. Real property
9. Fee simple where title won’t pass from one person to another until a condition is met.
A. Condition precedent
B. Conditional
C. Condition subsequent
10. Title remains with new owner while the condition is met.
A. Determinable
B. Conditional
C. Subsequent
11. Ownership on the property for the duration of the life of the possessor or another.
A. Life state
B. State for life
C. State in perpetuity
12. Husband’s right on the property of wife.
A. Curtesy
B. Capital
C. Paraphernal
13. The wife right on the property of the husband.
A. Dower
B. Capital
C. Paraphernal
14. Protection of a family home against creditor on being ______.
A. Foreclose
B. Collateral
C. Homestead
15. Landlord interest on the real property.
A. Lease fee
B. Leasehold
C. Lease rent
16. Only this classification of land can be subject to alienation.
A. Agricultural
B. Special
C. Commercial
17. Right granted to owner of property bordering a bay, lake or sea.
A. Littoral
B. Riparian
C. Public
18. Right granted to owner of property abutting river and streams.
A. Riparian
B. River right
C. Water right
19. Right granted by special agreement with owner and government.
A. Water right
B. Riparian right
C. Littoral
20. Right to build on the piece of land.
A. Development right
B. Building right
C. Improvement right
21. Right to take mineral out of the ground
A. Mineral right
B. Mining right
C. Golden right
22. Having interest on the piece of real estate.
A. Tenancy
B. Ownership
C. Possession
23. Person who administer property in behalf of the beneficiary.
A. Trustee
B. Agent
C. Owner
24. Two or more people or companies join together to do a single project.
A. Joint venture
B. Partnership
C. Corporation
25. Two or more people or companies join together to do business.
A. Partnership
B. Joint venture
C. Corporation
26. Right to use a property for a limited period of time each year.
A. Timeshare
B. Rent
C. Lease
27. Financial claims against someone property.
A. Lien
B. Adverse claim
C. Collateral
28. Lien on property with unpaid taxes.
A. Tax lien
B. Mortgage lien
C. Mechanic lien
29. Lien on property for nonpayment of work done on property.
A. Mechanic
B. Debt
C. Mortgage
30. Right to use someone else property for his benefit.
A. Easement
B. Lease
C. Borrow
A. 60%.
B. 50%
C. 75%
2. The surface of the earth which was unimproved.
A. Land
B. Building
C. Estate
3. The land with all improvement and the rights on it.
A. Real property
B. Real estate
C. Land
4. Also known as personalty, or anything portable and movable.
A. Personal property
B. Movable property
C. Private property
5. Personal property that will become real estate.
A. Fixture
B. Real property
C. Real estate
6. A fixture use for trade or business.
A. Trade fixture
B. Business fixture
C. Furniture
7. Form of ownership with complete rights.
A. Fee simple
B. Life estate
C. Leasehold
8. The land with natural and artificial improvement on it.
A. Real estate
B. Land
C. Real property
9. Fee simple where title won’t pass from one person to another until a condition is met.
A. Condition precedent
B. Conditional
C. Condition subsequent
10. Title remains with new owner while the condition is met.
A. Determinable
B. Conditional
C. Subsequent
11. Ownership on the property for the duration of the life of the possessor or another.
A. Life state
B. State for life
C. State in perpetuity
12. Husband’s right on the property of wife.
A. Curtesy
B. Capital
C. Paraphernal
13. The wife right on the property of the husband.
A. Dower
B. Capital
C. Paraphernal
14. Protection of a family home against creditor on being ______.
A. Foreclose
B. Collateral
C. Homestead
15. Landlord interest on the real property.
A. Lease fee
B. Leasehold
C. Lease rent
16. Only this classification of land can be subject to alienation.
A. Agricultural
B. Special
C. Commercial
17. Right granted to owner of property bordering a bay, lake or sea.
A. Littoral
B. Riparian
C. Public
18. Right granted to owner of property abutting river and streams.
A. Riparian
B. River right
C. Water right
19. Right granted by special agreement with owner and government.
A. Water right
B. Riparian right
C. Littoral
20. Right to build on the piece of land.
A. Development right
B. Building right
C. Improvement right
21. Right to take mineral out of the ground
A. Mineral right
B. Mining right
C. Golden right
22. Having interest on the piece of real estate.
A. Tenancy
B. Ownership
C. Possession
23. Person who administer property in behalf of the beneficiary.
A. Trustee
B. Agent
C. Owner
24. Two or more people or companies join together to do a single project.
A. Joint venture
B. Partnership
C. Corporation
25. Two or more people or companies join together to do business.
A. Partnership
B. Joint venture
C. Corporation
26. Right to use a property for a limited period of time each year.
A. Timeshare
B. Rent
C. Lease
27. Financial claims against someone property.
A. Lien
B. Adverse claim
C. Collateral
28. Lien on property with unpaid taxes.
A. Tax lien
B. Mortgage lien
C. Mechanic lien
29. Lien on property for nonpayment of work done on property.
A. Mechanic
B. Debt
C. Mortgage
30. Right to use someone else property for his benefit.
A. Easement
B. Lease
C. Borrow
Note: All Letter “A” Of Every Choices Is The Suggested Answer.
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