Law Legal Studies

Property and Trust Law

1,910 Questions

Property and trust law covers ownership rights, leases, adverse possession, and the transfer of assets. These legal principles are fundamental for judiciary exams, UPSC, and state PSCs. Practice these questions to understand property rights and related legal procedures thoroughly.

Adverse possession principlesFee simple absolute ownershipMesne profits legal codeHOA community regulationsReal estate appraisal rules

Property and Trust Law Questions

Multiple choice business organisation and correspondence partnership 2 - organisation, classification, rights, duties and liabilities of partners types of partners types of partners and partnership firms types, rights and duties of partners

A minor has some rights against his estate diving  the age in which he is minor they are ___________.

  1. defending a suit

  2. defending him in prosecution

  3. to meet his marriage expenses

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

In obtaining a home loan , which of the following might be considered as collateral?

  1. Original sale deed of the property

  2. Documents to indicate the borrower's bank deposits

  3. Other assets owned by the borrower

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The following securities might be considered as collateral:

  1. Original sale deed of the property.
  2. Documents to indicate the borrower's banks deposits.
  3. Other assets owned by the borrower.

Multiple choice business organisation and correspondence companies act, 2013 - introduction and characteristics introduction to companies companies act, 2013 company

Study the following information and answer the question that follows:
Principle: A 'fixture' is something attached to land or a building in such a way that it is regarded as an irremovable part of the property you are considering buying. Some typical 'fixture' in a home included the hot water service, range top, wall oven, fixed floor coverings, light fittings and a bulitrin (under bench) dishwasher. Garden plants, including bushes and trees are also 'fixtures'.
Rule A. When land is sold, all 'fixtures' on the land are also deemed to have been sold.
Rule B. If a movable thing is attached to the land or any building on the land, than it becomes a 'fixture'.
Factual Situation Khaleeda wants to sell a plot of land she owns in Beghmara (Meghalaya) and the sale value decided for the plot includes the fully-furnished palatial six-bedroom house that she has built on it five years ago. She sells it to Gurpreet for $Rs. 60$ lakh. After completing the sale, she removes the expensive Iranian carpet which used to cover entire wooden floor of one of the bedrooms. The room had very little light and Khaleeda used this light-coloured radiant carpet to negate some of the darkness in the room. Gurpreet, after moving in, realises this and files a case to recover the carpet from Khaleeda.
Assume that in the above fact scenario, Khaleeda no longer wants the carpet. She removes the elaborately carved door to the house after the sale has been concluded and claims that Gurpreet has no claim to the door. The door is question was part of Khaleeda's ancestral home in Nagercoil (Tamil Nadu) for more than $150$ years before she had it fitted as the entrance to her Beghmara house.
Rule C. If a moveable thing is placed on land with the intention that it should become an integral part of the land or any structure on the land, it becomes a fixture. Applying Rules A and C, to the fact situations in questions $44$ and $45$, as a judge you would decide in favour of

  1. Khaleeda in both situations
  2. Gurpreet only in $44$
  3. Khaleeda only in $45$

  4. Gurpreet in both situations
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

(d) is correct. Looking into the case, the facts state that Khaleeda did not disclose her intention of removing the carpet or the carved door while entering into the contract thus in both cases the judgement until going in favour of Gurpreet.

Multiple choice

The house will ________ at the end of the year.

  1. sold

  2. to sell

  3. be sold

  4. sell
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The sentence requires a passive construction because the house is the receiver of the action. After the modal verb 'will', we use 'be' followed by the past participle 'sold'. This forms the future passive 'will be sold'.

Multiple choice

Receive money or a business from a person after they have died

  1. Inherit

  2. Free money

  3. Pass on

  4. Give away
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To "inherit" means to legally receive money, property, or assets from someone after their death. "Pass on" and "give away" describe the action of the person who died or donated, rather than the recipient.

Multiple choice

A care-giver who had an elderly person change his or her will might be accused of...

  1. undue influence

  2. duress

  3. delegation

  4. breach of contract
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Undue influence occurs when one person takes advantage of a position of power or trust over another person to influence their decisions, such as a caregiver convincing an elderly person to alter their will. Duress involves physical threats or force, which is different from taking advantage of a confidential relationship.

Multiple choice

Ownership of property by one person alone

  1. Sole Proprietorship

  2. Accession

  3. Severalty

  4. Community Property
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ownership in severalty occurs when property is owned by one person or a single legal entity alone, severed from any other owners. Although sole proprietorship is a business owned by one person, the specific legal term for individual property ownership is tenancy in severalty. Accession refers to acquiring property by adding to it, and community property involves joint ownership by spouses.

Multiple choice

Rights and interests in tangible and intangible things

  1. Property

  2. Real Property

  3. Personal Property
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In legal terms, property is defined as the bundle of rights and interests a person has in both tangible items, like cars and land, and intangible items, like patents and copyrights. Real property specifically refers to land and things permanently attached to it, while personal property refers to movable assets. Therefore, the general term encompassing both is simply property.

Multiple choice

Rights and interests in land, buildings, and fixtures

  1. Real Property

  2. Person Property
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Real property, also known as real estate, consists of land, buildings, and anything permanently affixed to the land, such as trees or structures. Personal property, on the other hand, consists of movable items that are not permanently attached to the land.

Multiple choice

Co-Ownership of property without the right of survivorship is Tenancy in __________.

  1. Entireties

  2. Common
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Tenancy in common is a form of co-ownership where each owner holds an individual, undivided interest in the property, and there is no right of survivorship. When a tenant in common dies, their share passes to their heirs or beneficiaries rather than to the surviving co-owners. Tenancy by the entirety, by contrast, does include the right of survivorship and is reserved for married couples.

Multiple choice

When you co-own property you need "consent" of the other person to sell the property

  1. Tenancy by Entireties

  2. Severalty

  3. Joint Tenancy

  4. Tenancy in Common
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Tenancy by the entirety is a special form of co-ownership for married couples where neither spouse can sell, transfer, or encumber the property without the consent of the other. In contrast, joint tenants and tenants in common can generally sell their individual shares without needing permission from the other co-owners. Severalty is ownership by a single individual, so no co-owner consent is applicable.

Multiple choice

When you co-own property but when somone passes away it is passed on to their beneficiaries

  1. Joint Tenancy

  2. Severalty

  3. Survivorship

  4. Tenency in Common
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under a tenancy in common, there is no right of survivorship, meaning that when a co-owner dies, their share of the property is distributed to their designated beneficiaries or heirs through a will or estate planning. In a joint tenancy, the deceased owner's share automatically transfers to the surviving co-owners instead. Severalty refers to sole ownership by one person, so co-ownership rules do not apply.

Multiple choice

Ownership by an individual person is known as

  1. Tenancy in Common

  2. Tenancy as Individual

  3. Severalty

  4. Tenancy of Entirity
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ownership in severalty means that the property is owned by one person or a single legal entity exclusively. The term is derived from the fact that the owner's interest is severed from the interests of any other potential owners. Other options like tenancy in common and tenancy by the entirety involve multiple co-owners.