Flashcards: Fundamentals of Property and Land Law — 14 cards

Property — definition?

Legal aggregate of rights over something.

Ownership — role?

Most extensive right, including possess, use, dispose, exclude.

Property as a relationship — concept?

Power relationship society recognizes over a thing.

Chose in possession — what?

Tangible property physically held and controlled.

Chose in action — what?

Intangible legal right to claim performance.

Ownership (de jure) — meaning?

Legal relationship with the strongest rights over a thing.

Possession — types?

Physical control and legal possession, can exist without ownership.

Relativity of title — principle?

Ownership depends on competing claims, not absolute.

Jus tertii — what?

Third-party rights that generally cannot be used as defense.

Treasure — definition?

Old precious-metal items or designated objects by the Treasures Act 1996.

Crown vesting — rule?

Title to treasure passes to the Crown when found.

Deed — what?

Formal written instrument transferring property interest.

Deed execution — requirement?

Signed, stated as a deed, and properly delivered.

Land registration — principles?

Mirror, curtain, insurance; register as factual snapshot.