Lesson 3 Flashcards
Describe the origins of our real property law and what is included in “land”
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Understand the scope of and extent of “ownership” of land
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Explain the concept of an “estate” in land and be able to describe common types of estates
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Explain what it means to say an interest “runs with the land”
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Describe interests in land which do not amount to estates
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Understand and be able to apply the tests which determine whether an item is a fixture or a chattel
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Describe the two methods of co-ownership of land and the distinctions between them
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Describe how the common law dealing with title and transfer of title has been changed by the Torrens system of land registration
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Explain the underlying purpose of the Torrens system and how it is achieved
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List and explain the four components of our Torrens system, namely, the principle of indefeasibility, the registration principle, the abolition of the doctrine of notice and the assurance fund
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List the differences between our Torrens system and a pure Torrens system
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Describe the registration process in BC
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