Flashcards: Understanding Property Law Fundamentals — 10 cards

All cards

1Question

Property — definition?

Answer

Legal rights and interests in items.

2Question

Property — definition?

Answer

Legal rights and interests in items.

3Question

Real vs Personal Property — difference?

Answer

Real is land and attachments; personal is movable items.

4Question

Real Property — includes?

Answer

Land and permanently attached items.

5Question

Ownership Rights — include?

Answer

Possess, use, transfer, exclude.

6Question

Personal Property — includes?

Answer

Movable tangible and intangible assets.

7Question

Fixtures — definition?

Answer

Personal items attached to real estate.

8Question

Title — role?

Answer

Legal evidence of ownership.

9Question

Possession — significance?

Answer

Physical control, may not equal ownership.

10Question

Property types — what distinguishes?

Answer

Attachment and movability determine real or personal.

Test yourself with the quiz

Test your knowledge with 10 questions on Understanding Property Law Fundamentals.

1. What does property mean in legal terms?

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

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