Flashcards : Understanding Property Law Fundamentals — 10 cartes

Toutes les cartes

1Question

Property — definition?

Réponse

Legal rights and interests in items.

2Question

Property — definition?

Réponse

Legal rights and interests in items.

3Question

Real vs Personal Property — difference?

Réponse

Real is land and attachments; personal is movable items.

4Question

Real Property — includes?

Réponse

Land and permanently attached items.

5Question

Ownership Rights — include?

Réponse

Possess, use, transfer, exclude.

6Question

Personal Property — includes?

Réponse

Movable tangible and intangible assets.

7Question

Fixtures — definition?

Réponse

Personal items attached to real estate.

8Question

Title — role?

Réponse

Legal evidence of ownership.

9Question

Possession — significance?

Réponse

Physical control, may not equal ownership.

10Question

Property types — what distinguishes?

Réponse

Attachment and movability determine real or personal.

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1. What does property mean in legal terms?

2. What does the term 'property' primarily refer to in property law?

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