Exam (elaborations)
Property Ownership 1 questions with complete solutions
- Course
- Institution
Property Ownership 1 questions with complete solutions
[Show more]
Content preview
Property Ownership 1The "rights of ownership" is the definition of _____. - correct answer ✔✔property
The rights to use, possess, enjoy and dispose of something are the rights of _____. - correct answer
✔✔Ownership
The rights of ownership of property are often referred to as the _____. - correct answer ✔✔bundle of
rights
The two types of property are _____ property and _____ property. - correct answer ✔✔real and
personal
Land and all that is permanently attached to it is called _____. - correct answer ✔✔real property
Office and shopping centers are considered _____ property. - correct answer ✔✔commercial
Schools and parks are considered _____ property. - correct answer ✔✔special purpose
Any property that can be moved is called _____ property. - correct answer ✔✔personal
The main characteristic of most personal property that distinguishes it from real property is that
personal property is _____. - correct answer ✔✔movable
Rights in real property that are held for less than a lifetime are called _____ property. - correct answer
✔✔personal
Which of the following is/are personal property? - correct answer ✔✔a temporary, movable shed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78600 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now