Chapter 2 - Part 1
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Characteristic of personal property..
It is moveable
Chattel is another term for....
Personalty is another term for....
What are riparian rights?
Water rights along stream or rivers (small bodies of water).
What are littoral rights?
Water rights along long large bodies of water.
What governing body has placed limits on airspace?
The U.S. Congress
A right or priviledge associated with the property, although not necessarily a part of it (i.e. parking spaces, easements, water rights), and which conveys to a new owner when the property is sold.
To be considered an improvement it does not have to add.....
What are the two meanings of "Title" to real property?
- The right of ownership of the land as represented by the owner's bundle of rights.
- Evidence of that ownership by a deed.
The Bundle of Rights are the rights of ......
Land and real estate (improvements) but also including interests, benefits, and rights that are automatically included in the ownership of land and real estate (bundle of rights).....
Land at, above, and below the earth's surface plus all things permanently attached to it whether natural or artificial....all natural components. but also all man-made improvements....
The earth's surface extending downward to the center of the earth and upward toward infinity including permanent natural objects such as trees and water. Things naturally attached to the land, all subsurface and airspace.....
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