7009012
Description
Flashcards by Gary Rowland, updated more than 1 year ago
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Created by Gary Rowland
almost 10 years ago
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| Question | Answer |
| Describe the various types of Property | Real Property (Realty) = Freehold Land Personal Property (Personalty) = Chattels Chattels Real = Leasehold Land Chattels Personal = Choses in Possession = Choses in Action |
| Historically, what could the owner of real property do had he been dispossessed of his land? | Commence an action in court for the land to be returned to him (Real Action or Action in Rem) |
| Name the 3 stages of transferring land from a seller to a buyer | Sale (Subject to Contract) = Unenforceable Exchange of Contracts = Enforceable Completion = Enforceable |
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