LEGL 2700 Roessing Test 2 question and completely solved (latest update 2024)

property - Answer- the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Answer- protects private persons and allows them to exclude others from interfering with resources that are acquired without force, theft, or fraud public property - Answer- state's right under various circumstances to exclude people from state monuments, buildings, equipment, land, and other public resources common property - Answer- right we all have to common resources like the air, rivers, or oceans; private ownership by two or more people of a specific resource such as a piece of land mortgage - Answer- put up your house to secure a loan real property - Answer- -law applies ownership to land and interests in land such as mining rights or leases -bundle of rights personal property - Answer- applies to movable resources, those things that people do not annex to the land tangible personal property - Answer- personal property that one can touch intangible personal property - Answer- personal property to non physical things Coastal Oil & Gas Corp. v. Garza Energy Trust Et Al. - Answer- -Salinas claimed that Coastal was drilling on the neighboring land instead of Salinas' land to avoid paying Salinas -According to Salinas, this constituted a trespass -The court refused to hold Coastal liable for a technical trespass under Salinas' land -The nature of subsurface rights required a showing of some injury -The court argued that any losses from gas captured from neighboring land could be addressed by increased drilling on one's own land