In Alaska, which of the following correctly describes 'accretion' as it relates to property ownership?
Why The gradual addition of land through natural deposits of soil along a waterway Is Correct
Answer B: The gradual addition of land through natural deposits of soil along a waterway
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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Key Terms to Know
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Math Concepts
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