Legl2700 - Study guides, Class notes & Summaries

LEGL2700 Matt Roessing Test 3

LEGL2700- Roessing Test 2 Questions And Answers real property law applies ownership to land and interests in land such as mining rights or leases; very formal rules personal property applies to movable resources, those things that people do not annex to the land; divides personal property into rules applying to tangible and intangible resources tangible property applies to things one can touch, that is, to physical things; computers, cars, carrots

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 ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Answer ️️ quality of resources that produces new or different resources mortgage - Answer ️️ lenders are willing to loan money at affordable ...

LEGL2700 Final Exam with Complete Solutions plaintiff a person who brings a case against another in a court of law. defendant an individual or group being sued or charged with a crime standing to sue The legal requirement that an individual must have a sufficient stake in a controversy before he or she can bring a lawsuit. jurisdiction a court's authority to hear and decide cases general jurisdiction a state court has this over its residents

LEGL2700- Roessing Test 2 Questions and Answers

Law Ξ -:- A formal social force established by the government that must be enforced to actually matter Rule of Law Ξ -:- Laws that are made are generally and equally applicable Property Ξ -:- The right of ownership given to a citizen; a "legal fence" Public Ξ -:- Examples of this type of property are roads, schools, monuments, and parks Private Ξ -:- Examples of this type of property are individually owned cars or houses Common Ξ -:- Examples of this type of property are nei...

property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Correct ️️ quality of resources that produces new or different resources mortgage - Correct ️️ lenders are willing to loan money at afforda...

LEGL2700 test 2 Questions And Answers NYC Bank provides a loan to Z company to buy equipment. Z company pledges the equipment as collateral for a loan. NYC does not file a financing statement on the equipment. A few months later, Z Company pledges the same equipment for a loan from Big Apple Bank. Big Apple Bank immediately files a financing statement to perfect its security interest in the equipment. Which lender has priority? The second has priority First bank loans Gina 30,000 to bu...

property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Correct ️️ quality of resources that produces new or different resources mortgage - Correct ️️ lenders are willing to loan money at afforda...