<p> Law 3800</p><p>Legal environment</p><p>Dr. Edmonds</p><p>Study Guide, Real Property, Chapter 43</p><p>I. List the four categories of real property.</p><p>II. What is a fixture? What are the three “manifestations of permanence”? Explain the decision in the Freeman vs. Barrs (pages 1089-90) case.</p><p>III. The legal forms of use and ownership of real property are called “estates”. Explain and give an example of each of the following estates:</p><p>Fee simple absolute</p><p>The concurrent estates:</p><p>Tenants in common</p><p>Joint tenants</p><p>Tenants by the entirety </p><p>Community property</p><p>IV. What is a “life estate”?</p><p>Explain reversion and remainder interests and how they differ.</p><p>Do they have present value (can they be sold or given away)?</p><p>V. Explain a “fee simple defeasible” and “right of reverter” from class discussion. See Walton vs. City of Red Bluff, 3 Cal. Rptr. 2d 275 (1991) VI. What are “nonpossessory Interests”?</p><p>What is an easement? An easement by grant? By implication? By Prescription?</p><p>VII. How is ownership of property established? What does “title” to property mean? What is the role of a Deed in this process?</p><p>VIII. Explain the requirements and logic of easement by prescription and title to land by adverse possession.</p><p>IX. From our class discussion, what are the differences between a land contract and a mortgage? </p><p>X. From our class discussion, how does condominium ownership of real property differ from the interest a member of a cooperative has?</p><p>XI. From our class discussion, explain a warranty deed, a limited warranty deed and a quit claim deed.</p>