Chattel - Study guides, Class notes & Summaries

A landowner's claim to airspace should be... Restricted to such height as is necessary for ordinary enjoyment (bernstein of leigh (baron) v skyviews & general ltd [1977]) What section of the lpa does the definition of land come from 205(1)(ix) 2 tests for identifying a fixture Method and degree of annexation Object and purpose of annexation (berkley v poulett [1977]) Which test for identifying a fixture is the conclusive test Object and purpose of annexation test (berkley v...

Bundle of Rights - ANSWER An ownership concept describing all the legal rights that attach to the ownership of real property. ( posession, control, enjoyment, exclusion, disposition) Personal Property - ANSWER Chattel; movable/ portable; everything that "falls out" of a house that is turned upside down Riparian Rights - ANSWER "R" ivers; rights along flowing waters such as rivers and streams; navigable ( to waters edge) non-navigable ( to middle) Literal Rights - ANSWER "...

The concepts of land are Correct Answer-Legal, geographic and environmental, economic, and social. For appraisal purposes, market value may be defined as Correct Answer-The most probable selling price Appraisal is Correct Answer-The act or process of developing an opinion of value. What is Chattel? Correct Answer-Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. What is a fixture? Correct Answer-any physical property th...

Anticipation - ANSWER-Value is created by the expectation of benefits to be derived in the future Substitution - ANSWER-the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. Contribution - ANSWER-the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized into value. Market Value - ANS...

7 Intentional Torts - Answer-1. Battery 2. Assault 3. False Imprisonment 4. IIED 5. Trespass to Land 6. Trespass to Chattel 7. Conversion Personal Invasions - Answer-1. Battery 2. Assault 3. False Imprisonment 4. IIED (No transferred Intent) Property Invasions - Answer-5. Trespass to Land 6. Trespass to Chattel 7. Conversion (No transferred Intent) Affirmative Defenses - Answer-1. Consent 2. Self Defense 3. Defense of Others 4. Defense of Property 5. Recovery of Property ...

Which of the following is chattel? A. Detached garage B. Attached satellite dish owned by the seller C. Washer/Dryer D. In ground pool Rationale: The correct answer is C. The definition of chattel is personal property. Only the washer and dryer are not attached to the real property. - ANSWERSC. Washer/Dryer Which of the following allows for unequal shares of ownership? A. Tenants in common B. Joint Tenancy C. Tenancy by the entirety D. Freehold estates Rationale: The correct answer ...

Real Property - Correct Answer land, Improvements attached to the land, and the rights to use them Personal Property - Correct Answer right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE Fixture - Correct Answer Personal Property attached in such a way to make it real property.

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles well answered"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - c...

Utah Real Estate Class Arti Latest 2024 Chapter 1 Affixed Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance Something that comes with real property. Water or a...

Anticipation - ANSWER-Value is created by the expectation of benefits to be derived in the future. Leverage - ANSWER-The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds. Chattel mortgage - ANSWER-A mortgage only on persona property Yo - ANSWER-Also known as the discount rate, reflects the return on investment. Safe rate - ANSWER-Base rate on the safest investments such as government insured investments (Yo). Risk rate - ANSWER-An amount ...