Types Of Ownership

Question 1

Life estate

Answer 1

Freehold person could hold land for a lifetime on the death it reverts back to the original owner

Question 2

Fee simple

Answer 2

Freehold estate capable of being inherited

Question 3

Fee tail

Answer 3

Freehold estate inherited by male heir. This is no longer capable of being made

Question 4

Leasehold

Answer 4

Term of years absolute in possession

Question 5

Reversion

Answer 5

Interest retained by the grantor on granting less than few simple absolute

Question 6

Armory v Delamirie [1722]

Answer 6

Objects found on the ground: unless the finder is a trespasser the finder is entitled to posses it against all but the rightful owner

Question 7

Parker v British Airways Board [1982]

Answer 7

The finder of a gold bracelet on the floor of the executive lounge at Heathrow Airport was entitled to keep it after the original owner could not be traced

Question 8

Hedge and ditch presumption

Answer 8

Alan Wibberley Building Ltd v Insley [1999] the ownership of the ditch lies with the owner of the land which lies on the side where the hedge has grown upon soil excavated from the ditch.
This does not apply where the ditch was dug before a conveyance