Property Law Flashcards
Anything (physical or tangible) that can be owned be a person or entity
Property
A doctrine under which a person in possession of land owned by someone else may acquire valid title to it, so long as certain common law requirements are met, and the adverse possessor is in possession for a sufficient period of time
Adverse Possession
A catch-all category of property mostly associated with movable goods; often refers to tangible movable personal property
Chattel
Property without a physical existence.
Intangible Property
stocks, bonds, certificates, goodwill, intellectual property, and reputation are all what kind of property?
Intangible Property
Governs the rental of commercial and residential property
Landlord-tenant Law
Having the legal right to use, possess, and give away property
Ownership
Refers to land and is differentiated form personal property
Real Property
Ownership of real estate or personal property
Title
The act of knowingly entering another persons property without permission
Trespass