Introduction Flashcards
Bailee
Person to whom goods are delivered to for a purpose, but ownership is not transferred
What is property?
Interest with all of the word. Can be tangible or intangible, and anyone who interferes with property is liable.
How is property law enforced?
Through tort law
What is realty?
Real property, historically subject to a real action restoring the thing to the owner
What are corporeal hereditaments?
Real property that is physically inheritable
What are incorporeal hereditaments?
Real property rights arising from land, but not the land itself (includes easements and profit a prendre)
What are easements?
contracts between parties that goes beyond privity of contract and binds anyone who succeeds to the property
Profit a prendre
Right to take profit from the land
What is personalty?
Chattels real (lease) or chattels personal (fungible goods, choses in action - abstract)