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BLAW 301 EXAM 2 Amii Castle KU Study Guide Solutions $11.49   Add to cart

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BLAW 301 EXAM 2 Amii Castle KU Study Guide Solutions

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BLAW 301 EXAM 2 Amii Castle KU Study Guide Solutions Property - ANSWER-legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud. Real Property - ANSWER-law applies to land and interests in land. (all other resources are protected ...

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  • October 30, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
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BLAW 301 EXAM 2 Amii Castle KU Study

Guide Solutions


Property - ANSWER✔✔-legal right to exclude others from resources that are originally possessed or are

acquired without force, theft, or fraud.


Real Property - ANSWER✔✔-law applies to land and interests in land. (all other resources are protected

by personal property law)


Personal Property - ANSWER✔✔-applies to moveable resources those things that people do not annex

to the land.


Tangible Property - ANSWER✔✔-(personal) things one can touch, i.e.. cars, books, clothing. Controlled

by the Uniform Commercial Code


Intangible Property - ANSWER✔✔-(personal) not physical. Intellectual property, securities. May only

include right to include, right to exclude. i.e.. Patents, copyrights, trademarks.


Fee Simple - ANSWER✔✔-represents the maximum estate allowed under law, the owner having fullest

legal rights and powers to possess use and transfer the land.


Estate - ANSWER✔✔-the bundle of rights and powers of land ownership are called an estate

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Life estate - ANSWER✔✔-grants an ownership in land for the lifetime of a specified version.


leasehold estate - ANSWER✔✔-the property right granted to tenants by a landlord.


concurrents ownership - ANSWER✔✔-multiple owners


easement - ANSWER✔✔-places a particular use of land behind the exclusive legal fence. often a right to

cross over land.


bailment - ANSWER✔✔-when an owner temporarily places an object in the possession of another


bailor - ANSWER✔✔-the owner of the property in a bailment


bailee - ANSWER✔✔-possessor of the object during a bailment


mutual benefit - ANSWER✔✔-during an easement. (rental agreement) Bailee must use reasonable care.


contract - ANSWER✔✔-rule that make agreements to exchange resources between owners legally

binding and enforceable.


first rule of possession - ANSWER✔✔-the first person to resume previously unowned things to

possession becomes their owner.


abandonment - ANSWER✔✔-measuring intent in order to detriment abandonment




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lost items - ANSWER✔✔-in order to be claimed must follow a statutory procedure. VS mislaid (items go

to the person who own the premise.


adverse possession - ANSWER✔✔-gives you ownership of land under state statute when the possession

is


-open and notorious


-actual and exclusive


-wrongful


-continuous


-for a prescribe period of time


open and notorious - ANSWER✔✔-(adverse possession) the possessor must occupy the land in such a

way as to put the true owner of the land on notice.


actual and exclusive - ANSWER✔✔-(adverse possession) the possessor must physically occupy the land


continous - ANSWER✔✔-(adverse possession) possession must not be interrupted


wrongful - ANSWER✔✔-(adverse Possession) the possessor must not have permission to be on the land

for example under a lease.




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