Chaoter 2.1 Flashcards
Accretion
An addition to land from natural causes as, for example, from gradual action of the ocean or river waters
Acknowledgment
A formal declaration before a duly authorized officer by a person who has executed an instrument that such execution is his or her act indeed
Addition of fixtures
Occurs when a person affixes something to the land of another without an agreement permitting removal. The thing so affixed may then become the property of the landowner
Administrator
A person appointed by the probate court to administer the estate of a person deceased
Adverse possession
The open and notorious possession and occupancy under an evident claim or right, in denial or opposition to the title of another claimant
Alluvion
Soul deposited by accretion; increase of earth on a shore or bank of a river
Avulsion
The sudden tearing away or removal of land by action of water flowing over or through it.
Eminent domain
The right of the government to acquire property for necessary public or quasi public use by condemnation; the owner must be fairly compensated. The right of the government to do this and the right of the private citizen to get paid is spelled out in the fifth amendment
Escheat
The reverting of properties to the state when heirs capable of inheriting are lacking
Executor
A person named in a will to carry out its provisions as to the disposition of the estate of the deceased person
Foreclosure action
Procedure whereby property pledged as security for a debt is sold to pay the debt in the event of default in payment or terms
Grant deed
A deed in which Grant is used as the word of conveyance. The grantor implicitly warrants that he or she has not already conveyed to any other person and that the estate conveyed is free from encumbrances done made or suffered by the grantor.
Granted
The purchaser; a person to whom a grant is made
Grantor
Seller of property; one who signs a deed
Holographic will
Document written, dated, and signed in its entirety in the handwriting of the maker. It requires no witnesses