Flashcard: Understanding Property Law Fundamentals — 10 carte

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1Domanda

Property — definition?

Risposta

Legal rights and interests in items.

2Domanda

Property — definition?

Risposta

Legal rights and interests in items.

3Domanda

Real vs Personal Property — difference?

Risposta

Real is land and attachments; personal is movable items.

4Domanda

Real Property — includes?

Risposta

Land and permanently attached items.

5Domanda

Ownership Rights — include?

Risposta

Possess, use, transfer, exclude.

6Domanda

Personal Property — includes?

Risposta

Movable tangible and intangible assets.

7Domanda

Fixtures — definition?

Risposta

Personal items attached to real estate.

8Domanda

Title — role?

Risposta

Legal evidence of ownership.

9Domanda

Possession — significance?

Risposta

Physical control, may not equal ownership.

10Domanda

Property types — what distinguishes?

Risposta

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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