4280840
Description
Flashcards by Sherry Ellen2673, updated more than 1 year ago
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Created by Sherry Ellen2673
over 8 years ago
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| Question | Answer |
| Personal Property ( Chattel) | Personal property is moveable Plants, Furniture, lease, deeds of trust , Promissory note |
| Bill of sale | Personal property transfers by the bill of sale |
| Real Property | Land and everything attached to it- *Rights that accompany it, property that is moveable |
| Erosion (Avulsion) | The tearing away from land due to natural causes (Grand Canyon) |
| Accretion (Alluvion ) | The increase of land due to natural causes (New Orleans) |
| Heterogeneity | No two parcels of land are the same |
| Appurtenance | The Rights and improvements that are transferred the land (all that's attached) |
| Emblements | Annual crops and the right to harvest them ( personal property) |
| Riparian rights | water rights next to a river or stream |
| Littoral rights | water rights next to a lake or ocean |
| Fixture | An Item which was once personal but has been permanently attached and has become real property ( Shelves) |
| Affidavit of Affixture | Mobile home - Are personal property if not legally affixed by surrendering the title and recording "Affidavit of Affixture |
| Police Power | Rights to enforce Laws for health and safety and welfare of the public . Ex: Zoning laws , health codes |
| Eminent Domain | The right to take Private property of PUBLIC use with fair compensation paid. |
| Condemnation | The right to take property through eminent domain |
| Taxation | Charge in property to bear cost of municipal functions |
| Escheat | Reversion of property to the state due to owner dying without a will( intestate) and with no heirs |
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