LEGL 2700 Roessing Test 2 – Questions With
Precise Solutions
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Terms in this set (282)
the legal right to exclude others from resources that are
property originally possessed or are acquired without force,
theft, or fraud
protects private persons and allows them to exclude
private property others from interfering with resources that are acquired
without force, theft, or fraud
state's right under various circumstances to exclude
public property people from state monuments, buildings, equipment,
land, and other public resources
right we all have to common resources like the air,
common property rivers, or oceans; private ownership by two or more
people of a specific resource such as a piece of land
mortgage put up your house to secure a loan
-law applies ownership to land and interests in land
real property such as mining rights or leases
-bundle of rights
applies to movable resources, those things that people
personal property
do not annex to the land
tangible personal property personal property that one can touch
intangible personal personal property to non physical things
property
, -Salinas claimed that Coastal was drilling on the
neighboring land instead of Salinas' land to avoid
paying Salinas
-According to Salinas, this constituted a trespass
-The court refused to hold Coastal liable for a technical
Coastal Oil & Gas Corp. v.
trespass under Salinas' land
Garza Energy Trust Et Al.
-The nature of subsurface rights required a showing of
some injury
-The court argued that any losses from gas captured
from neighboring land could be addressed by
increased drilling on one's own land
-David was flying his drone to his friend's house when it
got shot down once it crossed Willie's house
-Willie claimed David was trespassing and looking at his
The "Drone Slayer" daughters
-David said Willie destroyed his personal and
intellectual property
-Willie won
an object that formerly was personal property but has
fixture
become real property
estate the bundle of rights and powers of land ownership
the maximum estate allowed under law, the owner
fee simple having the fullest legal rights and powers to possess,
use, and transfer the land
grants ownership in land for the lifetime of a specified
life estate
person
-the property right granted to tenants by a landlord
leasehold estate
-own property for a specific time
a form of concurrent ownership, where the joint tenants
joint tenancy must have equal ownership share; can have the right of
survivorship
partition force the separation of concurrent ownerships
A form of concurrent ownership where two or more
tenancy in common persons hold separate titles in the same estate. May
have equal or unequal shares. Right of partition.
easement right to cross over land
, -part of Gray's house was built on Duke Energy's power
line easement
-Duke wanted Gray to move his house, but Gray argued
that Duke did not act quickly enough to reclaim its right
to the easement
-reversed the decision of the Court of Appeals
-easement is entitled to the same legal respect as other
Duke Energy Carolinas v. forms of real property
Gray -one may acquire another's real property by claiming
the property and occupying it for a long period of time
so long as the original owner does not take action to
evict
-time period required to acquire ownership in real
property through adverse possession is typically longer
than the time period to be free of liability in a trespass
case
the transfer of possession but not the title of personal
bailment
property by one party to another, under agreement
bailor The owner of property in a bailment.
A person who receives personal property from another
bailee
as a bailment.
ownership legal right that makes resources exclusive
rules under which people exchange resources in a
contract
property system
the first person to reduce previously unowned things to
rule of first possession
possession becomes their owner
gives you ownership of land under state statute when
the possession is:
-open and notorious: put the true owner of the land on
notice
-actual and exclusive: possessor must physically occupy
adverse possession
the land; building a fence
-continuous: possession must not be interrupted
-wrongful: possessor must not have the owner's
permission to be on the land
-for a prescribed period of time: 10 to 20 years
ownership through fungible goods that are mixed together
confusion
Precise Solutions
Save
Terms in this set (282)
the legal right to exclude others from resources that are
property originally possessed or are acquired without force,
theft, or fraud
protects private persons and allows them to exclude
private property others from interfering with resources that are acquired
without force, theft, or fraud
state's right under various circumstances to exclude
public property people from state monuments, buildings, equipment,
land, and other public resources
right we all have to common resources like the air,
common property rivers, or oceans; private ownership by two or more
people of a specific resource such as a piece of land
mortgage put up your house to secure a loan
-law applies ownership to land and interests in land
real property such as mining rights or leases
-bundle of rights
applies to movable resources, those things that people
personal property
do not annex to the land
tangible personal property personal property that one can touch
intangible personal personal property to non physical things
property
, -Salinas claimed that Coastal was drilling on the
neighboring land instead of Salinas' land to avoid
paying Salinas
-According to Salinas, this constituted a trespass
-The court refused to hold Coastal liable for a technical
Coastal Oil & Gas Corp. v.
trespass under Salinas' land
Garza Energy Trust Et Al.
-The nature of subsurface rights required a showing of
some injury
-The court argued that any losses from gas captured
from neighboring land could be addressed by
increased drilling on one's own land
-David was flying his drone to his friend's house when it
got shot down once it crossed Willie's house
-Willie claimed David was trespassing and looking at his
The "Drone Slayer" daughters
-David said Willie destroyed his personal and
intellectual property
-Willie won
an object that formerly was personal property but has
fixture
become real property
estate the bundle of rights and powers of land ownership
the maximum estate allowed under law, the owner
fee simple having the fullest legal rights and powers to possess,
use, and transfer the land
grants ownership in land for the lifetime of a specified
life estate
person
-the property right granted to tenants by a landlord
leasehold estate
-own property for a specific time
a form of concurrent ownership, where the joint tenants
joint tenancy must have equal ownership share; can have the right of
survivorship
partition force the separation of concurrent ownerships
A form of concurrent ownership where two or more
tenancy in common persons hold separate titles in the same estate. May
have equal or unequal shares. Right of partition.
easement right to cross over land
, -part of Gray's house was built on Duke Energy's power
line easement
-Duke wanted Gray to move his house, but Gray argued
that Duke did not act quickly enough to reclaim its right
to the easement
-reversed the decision of the Court of Appeals
-easement is entitled to the same legal respect as other
Duke Energy Carolinas v. forms of real property
Gray -one may acquire another's real property by claiming
the property and occupying it for a long period of time
so long as the original owner does not take action to
evict
-time period required to acquire ownership in real
property through adverse possession is typically longer
than the time period to be free of liability in a trespass
case
the transfer of possession but not the title of personal
bailment
property by one party to another, under agreement
bailor The owner of property in a bailment.
A person who receives personal property from another
bailee
as a bailment.
ownership legal right that makes resources exclusive
rules under which people exchange resources in a
contract
property system
the first person to reduce previously unowned things to
rule of first possession
possession becomes their owner
gives you ownership of land under state statute when
the possession is:
-open and notorious: put the true owner of the land on
notice
-actual and exclusive: possessor must physically occupy
adverse possession
the land; building a fence
-continuous: possession must not be interrupted
-wrongful: possessor must not have the owner's
permission to be on the land
-for a prescribed period of time: 10 to 20 years
ownership through fungible goods that are mixed together
confusion
