Ownership

Paul Sanford
Flashcards by , created 2 months ago

Ownership Chapter

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Paul Sanford
Created by Paul Sanford 2 months ago
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Question Answer
Allodial System System in which any individual who has the means can acquire rights to ownership
Bundle of Rights Possession Use or Control Enjoyment Disposition
Estate in Land refers to the quality, quantity, nature and extent of the ownership interest that a person holds in real property
Freehold Estates Estates that will last for an indefinite period of time.
Fee Simple Absolute Also called Fee Simple. One in which the owner possesses the entire bundle of rights