Ch 35

Question 1

legally protected rights and interests in anything with an ascertainable value that is subject to ownership

Answer 1

property

Question 2

land and everything attached to it, such as trees and buildings

Answer 2

real property

Question 3

property that is movable any property that is not real property

Answer 3

personal property

Question 4

all forms of personal property

Answer 4

chattel

Question 5

an absolute form of property ownership entitling the property owner to use, possess, or dispose of the property as he or she chooses during his or her lifetime. On death, the interest in the property descends to the owners hairs

Answer 5

fee simple

Question 6

co-ownership of property in which each party owns an undivided interest that passes to her or his heirs at death

Answer 6

tenancy in common

Question 7

tenants by the entireties= marriage

Answer 7

joint tenancy

Question 8

a voluntary transfer of property made without consideration, past or present

Answer 8

gift

Question 9

ownership rights in property, including the right to possess and control the property

Answer 9

dominion

Question 10

a situation in which the personal property of one person is entrusted to another, who is obligated to return the bailed property to the bailor or dispose of it as directed

Answer 10

bailment

Question 11

1) Personal Property
2) Delivery of position (without title)
3) Agreement that the property will be returned to the bailor o otherwise disposed of according to its owners directions

Answer 11

3 elements of bailment