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Fundamentals of property ownership (corrected)100%

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Fundamentals of property ownership (corrected)100%

Institution
Property Ownership
Course
Property ownership









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Institution
Property ownership
Course
Property ownership

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Uploaded on
August 16, 2024
Number of pages
8
Written in
2024/2025
Type
Exam (elaborations)
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Fundamentals of property ownership
(corrected)

Stewardship concept - correct answer ✔✔______________ is the principle of ownership which
mandates property owners to use thier property in manner that will promote not only their interest but
also the general welfare.



Finder in good faith - correct answer ✔✔Hidden treasures belong to the ___________ and to the owner
of the land, building or other property in which it is found



50-50 - correct answer ✔✔On a __________ sharing ratio



Escheat - correct answer ✔✔_______________ is the automatic conveyance of the real property to the
State upon the owner's death due to the absence of a will, heirs or failure to pay taxes.



Right of eminent domain - correct answer ✔✔The State exercising its __________________ when it
expropriated land for public use



Just compensation - correct answer ✔✔Upon payment of _____________________.



Public grant - correct answer ✔✔_____________- the grant of agriculture lands to tenant-farmers in the
implementation of the land reform program of the government.



Reclamation - correct answer ✔✔_____________- filling of submerged land by deliberate act.



Just compensation - correct answer ✔✔_____________ is the money paid by the State when a public
agency takes private property and converts it to public use.



Right of accession - correct answer ✔✔_____________ is the right of the owner to everything which is
produced, incorporated and attached to one whether naturally or artificially.

, Alluvion - correct answer ✔✔_____________ is a land formed by accretion.



Accretion - correct answer ✔✔_____________ is the increase or addition of land by the deposit of sand
and soil washed up naturally from a river, lake or sea.



Alluvion - correct answer ✔✔_____________ may be described as the accretion which lands adjoining
the banks of the rivers, creeks, torrents, or lakes, gradually received from the effects of the current of the
water.



Avulsion - correct answer ✔✔Removal of land from one owner to another when a stream suddenly
changes its channel is called _______________.



Accretion - correct answer ✔✔Addition to the land through natural causes usually by change in water
flow is _________________.



60 - correct answer ✔✔Only Filipino citizens or corporations with at least _________% capital owned by
a Filipino citizen can acquire land in the Philippines.



12 - correct answer ✔✔Filipino citizens can acquire agricultural lands of the public domain not exceeding
____ hectares by free patent.



5000 - correct answer ✔✔A former Filipino citizen who decides to buy a land in the Philippines today can
acquire _________ square meters for business and other purposes in the urban area.



Writ of preliminary attachment - correct answer ✔✔An annotation on the title which served as notice
that the property is being held reserved for whatever judgement maybe rendered against the owner is
_______________.



Serving Estate - correct answer ✔✔A parcel of land through which a right of way is granted in favor of an
adjoining land is called _____________________.

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