Barney Fletcher Cram Notes Booklet Exam Questions and Answers (Graded A)
Barney Fletcher Cram Notes Booklet Exam Questions and Answers (Graded A) deed - Ans ️️ the instrument used to transfer real property Title - Ans ️️ Ownership and the owner's rights Real Estate - Ans ️️ Land + improvements (appertenances) Physical Characteristics of Land - Ans ️️ 1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Ans ️️ 1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Ans ️️ anything that is not real property; Chattel Severance - Ans ️️ Remove from the land Make real property into personal property Fixture - Ans ️️ Tests MIAA 1. Method of attachement 2. Intention of attaching party 3. Adaptation to the article 4. Agreement (seller's disclosure statement best to use altho not law) Trade Fixtures - Ans ️️ Personal property used in a business and can be removed by the lessee when the lease terminates. Emblements - Ans ️️ Crops/ Fructus Industriales: Real Property (tree, shrub) Fructus Naturalus: Personal Property, not part of land Severalty - Ans ️️ Personal, sole ownership; can be corprate Concurrent Ownership - Ans ️️ Ownershi
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barney fletcher cram notes booklet exam
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