Section 1 Chapter 1

Question 1

Bundle of Rights

Answer 1

Can transfer separately or all together

Question 2

Real Property

Answer 2

Surface rights (plants) 
Air rights (to infinity)
Subsurface rights (to the earths core) 
Improvements (things you add)

Question 3

Fixtures

Answer 3

started as personal property now real property

Question 4

what makes a fixture

Answer 4

method of attachment
adaptability
agreement
relationship of the parties

Question 5

Fructus Naturales

Answer 5

things that grow naturally consistently not annuals

Question 6

Riparian rights

Answer 6

river or stream (flowing water) property generally extands to middle of water way

Question 7

Littoral rights

Answer 7

Lake or ocean rounded body of water property generally extends to median high tide level

Question 8

Prior appropriation

Answer 8

whom ever go there first gets dibs to the water

Question 9

Appurtenances

Answer 9

something that goes with the land but is not nesessarily part of it (ex. lake access)

Question 10

easements

Answer 10

rights to cross another’s land

Question 11

ingress

Answer 11

going in

Question 12

egress

Answer 12

going out

Question 13

physical characteristics of land

Answer 13

immobility
indestructibility
non homogenic

Question 14

Economic characteristics of land

Answer 14

scarcity
situs (location)
permanency
assemblage

Question 15

plottage

Answer 15

when you combine lots to increase monetary value

Question 16

assemblage

Answer 16

when you combine lots

Question 17

Personal property

Answer 17

anything easily movable

also known as chattel or personalty

Question 18

bill of sale

Answer 18

transfers personal property

Question 19

trade fixtures

Answer 19

items used as part of a trade or business that can be easily removed with little to no damages

Question 20

fructus industriales or emblements

Answer 20

annual crops

Question 21

severance

Answer 21

removal of things attached to land (cut tree down)

Question 22

sellers market

Answer 22

prices rise demand rises

Question 23

stable market

Answer 23

things are stable

Question 24

buyers market

Answer 24

prices drop demand is down

Question 25

types of real estate

Answer 25

residential
agricultural
recreational
special purpose
industrial
commercial & investment

Question 26

Government/ geododical survey

Answer 26

legal description of property in relation to the intersection of a baseline and meridian. used in the west

Question 27

check

Answer 27

24 x 24 mi block

Question 28

township

Answer 28

6 x 6mi

Question 29

section

Answer 29

1 x 1mi

Question 30

1 section

Answer 30

640 acres

Question 31

1 acre

Answer 31

43,560sq ft

Question 32

1 mile

Answer 32

5,280 ft

Question 33

metes and bounds

Answer 33

legal description to describe properties shape using landmarks and other geographical marks