1. Most covenants impose a benefit on an estate.
a. true
b. false
2. Deeds:
a. are in writing
b. are written or oral
c. are legal only in certain states
d. can only be used when the property being transferred is worth more than $10,000
3. A lease should describe the premises and state how long it will be in effect.
a. true
b. false
4. ________________ is property that may be invisible and impossible to hold.
a. intangible property
b. good property
c. real property
d. temporary property
e. actual property
5. Trademarks, trade names, patents, and copyrights represent a category of property called:
a. intangible property
b. tangible property
c. real property
d. statutory property
e. personal property