Real Estate Principals Flashcards
1
Q
In the feudal system of ownership land was owned by the ruling Powers. Since the 1700s in this country land may be owned by private individuals. The system a private ownership of land is known as
Alluvion
Annexation
Allodial
Anticipation
A
Allodial
2
Q
The greater the supply of any commodity in comparison to demand the
More demand there will be
Less demand there will be
Lower the value will be
Higher the value will be
A
Lower the value will be
3
Q
Specific Performance
A
Remedy for breach of contract. If a seller tries to back out the law does not consider money a substitute for the sellers duty to convey that title.
