Ch. 20

Question 1

Real Property

Answer 1

land or property attached to or imbedded in land

Question 2

1. tangible things
2. Chose (right or Claim) in action debts or claims
3. Intangible- intellectual rights such as copyright patent trademarks and trade secrets.

Answer 2

Personal Property

Question 3

1. Donative Intent
2. Delivery of Actual and Constructive

Answer 3

Elements of a gift

Question 4

Two types of Gifts

Answer 4

Gifts inter vivos
gift incasusa mortis

Question 5

A gift may be subject to a condition, an event must take place before the gift is complete

Answer 5

Conditional Gift

Question 6

body parts are what type of gifts

Answer 6

anatomical gifts

Question 7

Lost Property

Answer 7

claims period is passed then you can keep it

Question 8

Misplaced

Answer 8

can not take you should turn it into an authority

Question 9

Abandoned

Answer 9

If property is abandoned it can be yours if you take it

Question 10

Treasure Trove

Answer 10

something of value where no one living can have claim to it.

Question 11

the process by which the ownership of unclaimed property is transferred to the state

Answer 11

escheat

Question 12

an obligation imposed by law (Equity) if you are legally in possession of someone else’s property you must care for it.

Answer 12

Constructive Bailment