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Property Law Bundled exams with complete solution
Property Law Bundled exams with complete solution
[Show more]Property Law Bundled exams with complete solution
[Show more]What is Property law? - Answer-Property law is the legal rules that relate to physical things 
What two questions does property law deal with? - Answer-(i) who is entitled to use a thing?; and (ii) 
how are they entitled to use it?" Ben McFarlane The Structure of Property Law (Hart, Oxford, 2008) 
...
Preview 2 out of 13 pages
Add to cartWhat is Property law? - Answer-Property law is the legal rules that relate to physical things 
What two questions does property law deal with? - Answer-(i) who is entitled to use a thing?; and (ii) 
how are they entitled to use it?" Ben McFarlane The Structure of Property Law (Hart, Oxford, 2008) 
...
Fairness/labor Theory - Property rights are a reward for labor spent in creating/improving 
property. 
Certainty - Property law should create a system in which purchasers can easily determine property 
ownership; property rules should be clear and easy to administrator. 
Personhood - Owning property...
Preview 3 out of 16 pages
Add to cartFairness/labor Theory - Property rights are a reward for labor spent in creating/improving 
property. 
Certainty - Property law should create a system in which purchasers can easily determine property 
ownership; property rules should be clear and easy to administrator. 
Personhood - Owning property...
Words of purchase - Answer-Describe who takes the real property by grant, gift, inheritance or bequest 
Words of limitation - Answer-Describe the type and duration of the estate taken by the transferee 
FEE SIMPLE ABSOLUTE - Answer-"To Grantee and their heirs" 
FEE SIMPLE DETERMINABLE - Answer-"T...
Preview 2 out of 6 pages
Add to cartWords of purchase - Answer-Describe who takes the real property by grant, gift, inheritance or bequest 
Words of limitation - Answer-Describe the type and duration of the estate taken by the transferee 
FEE SIMPLE ABSOLUTE - Answer-"To Grantee and their heirs" 
FEE SIMPLE DETERMINABLE - Answer-"T...
Real Property - Answer-land and things attached to the land 
Real Property Mortgage - Answer-legal agreement by which a bank or other creditor lends money at 
interest in 
exchange for taking the title of the debtor's real property, with the condition the 
conveyance of title becomes void upon the ...
Preview 1 out of 2 pages
Add to cartReal Property - Answer-land and things attached to the land 
Real Property Mortgage - Answer-legal agreement by which a bank or other creditor lends money at 
interest in 
exchange for taking the title of the debtor's real property, with the condition the 
conveyance of title becomes void upon the ...
Differences between Property and Contract Rights? (2) - Answer-K rights are only enforceable against 
contracting parties. Property rights are enforceable against the world 
What concept is the basis for the idea of property rights? - Answer-Exclusion (the power to exclude) 
Can you occupy possessio...
Preview 3 out of 27 pages
Add to cartDifferences between Property and Contract Rights? (2) - Answer-K rights are only enforceable against 
contracting parties. Property rights are enforceable against the world 
What concept is the basis for the idea of property rights? - Answer-Exclusion (the power to exclude) 
Can you occupy possessio...
Which of the following is not considered real property 
a. buildings 
b. fixtures 
c. corn 
d. elm tree - Answer-c. corn 
a court in determining that an item is a fixture will consider which of the following 
a. the extent of the attachment of the time to the building 
b. the intention of the partie...
Preview 4 out of 33 pages
Add to cartWhich of the following is not considered real property 
a. buildings 
b. fixtures 
c. corn 
d. elm tree - Answer-c. corn 
a court in determining that an item is a fixture will consider which of the following 
a. the extent of the attachment of the time to the building 
b. the intention of the partie...
True Owner - Personal who originally owned an item and lost it 
Finder - Has superior interest over everyone except for true owner. Has legal right to possess, has 
a duty to reasonably attempt to find true owner Becomes an involuntary bailee. 
Lost - True owner unintentionally misplaces property 
M...
Preview 3 out of 19 pages
Add to cartTrue Owner - Personal who originally owned an item and lost it 
Finder - Has superior interest over everyone except for true owner. Has legal right to possess, has 
a duty to reasonably attempt to find true owner Becomes an involuntary bailee. 
Lost - True owner unintentionally misplaces property 
M...
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