Louisiana Real Estate Exam - LA CIVIL LAW Already Graded A+

Louisiana Real Estate Exam - LA CIVIL LAW Already Graded A+ 10 _______ days notice before the expiration of the month to month lease is required to terminate it 5 for failure to pay rent the lessor must give _____ days notice to vacate absolutely null void contract abusus the right to alienate or dispose of a thing acquisitive prescription known as adverse possession in common law alluvion the natural build up of a soil along the bank of a river appropriation unauthorized use by the gov to deprive an owner of his property without compensation arpent 192x192 or 5/6 acre authentic act an act executed and signed by each party and two witnesses before a notary public. If a party is blind, 3 witnesses required bad faith possessor if a ______ makes an improvement, the owner of the immovable may 1, keep them 2. demand demolition 3. recover damages. if he keeps them he must pay the possessor the current value of the materials and workmanship, etc. bath faith possession is ____ years 30 bond for deed similar to contract for deed, etc. TITLE IS RETAINED BY THE SELLER UNTIL FULL PAYMENT IS MADE caveat to make the buyer personally liable on the note of a hypothecated immovable co ownership ownership indivision - ownership by two or more persons, each having an undivided share/interest community property neither spouse may sell, encumber, or lease an immovable community property to a third person without the agreement of the other. component by attachment things that are considered permanantly attached to a building or other construction if they cannot be removed without significant damage to themselves or damage to the building (think become real property) Component by declaration and registry things that would otherwise be classified immovable and may be classified as movable. The owner of an immovable may declare that machinery appliances and equipment owned by him and placed on the immovable, other than his private residence, are deemed to be component parts. component by incorporation includes things incorporated into a building or other construction (think fixture) but once it becomes incorporated it is an immovable. condemnation COMMON LAW term describing the use of the power or right of eminent domain. LA uses expropriation and appropriation confusion the same term in common law as merger contract of sale, sale, or conveyance the sales instrument transferring title is called _____. conventional servitude (voluntary) voluntary servitude corporeal movables things, whether animate or inanimate, that move or can be moved from one place to another. The classification of _______ includes building materials gathered for construction. However, materials separated from a building for purposes of repair with intention of putting them back, remain immovables. deed in lieu of foreclosure/ dation en paiement aka "friendly foreclosure" borrower sells house back to lender cancelling the note. No right of deficiency judgement dereliction formed by water receding from the river or stream