Part 2 Flashcards

1
Q

Land is ___________ and __________

A

Immobile and Unique

2-21

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2
Q

In law, is the solid surface on the earth, as distinguished from water

A

Land

2-21

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3
Q

Riparian rights deal with what types of water?

A

Flowing waters, river, stream

2-23

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4
Q

_____________ rights pertain to properties abutting an ocean, lake or pond (non-flowing water)

A

Littoral

2-23

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5
Q

4 broad sources of value
G
E
S
E

A

Governmental and legal
Economic
Social
Environmental and geographic

2-25

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6
Q

_____________ is something added or appended to a property that then becomes an inherent part of the property; usually passes with the property when title is transferred

A

Appurtenance

2-26

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7
Q

Any tangible or intangible article that is subject to ownership and not classified as real property

A

Personal property

2-27

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8
Q

Chattel is another term for what kind of property?

A

Personal

2-27

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9
Q

Annual crops and plantings such as corn, wheat, and vegetables are known as __________ and are _____________ property

A

Emblements
Personal

2-28

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10
Q

A ____________ is an appurtenance that is treated as real estate when permanently attached to a property.

A

Fixture

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11
Q

_____________ is a primary factor in determining whether an item is a fixture

A

Intent

2-28

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12
Q

____________ fixtures are articles placed in or attached to rented buildings by a tenant to help carry out the trade or business of the tenant

A

Trade

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13
Q

What type of property are Trade Fixtures 100% of the time?

A

Personal property

2-28

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14
Q

The interests, benefits and rights inherent in the ownership of real estate is…

A

Real Property

2-29

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15
Q

A property’s ________ of __________ is what gives the property value

A

Bundle of rights

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