NJ Title Producer Terms & Concepts with Written Questions and Verified Answers

NJ Title Producer Terms & Concepts with Written Questions and Verified Answers Feudal ANSWER Royalty Alloidial ANSWER Commoner Littoral rights (WATER) ANSWER Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Merger ANSWER When lesser interest is automatically absorbed when greater interest is acquired Real Estate ANSWER Land itself and whatever is affixed to it Personal property ANSWER Any property that is not real property, usually movable, not permanently attached. Chattel ANSWER Personal property Personalty ANSWER Personal property Fixture ANSWER When an item is annexed or attached to real property Legal test of a fixture ANSWER "MARIA"; Method, Adaptation, Relationship of parties, Intention, Agreement - AKA Regular property