Land Law Chapter 1 "Land as Property"

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Chapter 1
Gary Rowland
Flashcards by Gary Rowland, updated more than 1 year ago
Gary Rowland
Created by Gary Rowland over 7 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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