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1. The general presumption is that the rights you acquire in an
estate extend from the center of the earth to the heavens above.
However, the owner may hold that entire bundle or not. One can
only convey the quantity and quality of interest they have. Answer:
Bundle of Rights
2. Real property Answer: Real property is fixed and immovable
3. Personal Property Answer: Personal property is consumable
4. Fee Simple Absolute Answer: an estate in land that provides the owner with a complete set
of legal rights, limited only by the powers of government
5. Fee Answer: an estate that can inherited or divested by will or other document
6. Simple Answer: not fee tail (a fee tail estate must be inherited by a specific person)
7. Absolute Answer: no limitations on time, estate can continue forever
8. Defeasible fee simple estate Answer: a future event must be met for the estate
to continue. There are conditions on the estate
9. Life Estates Answer: Ownership, possession and control for someone's lifetime
10. Estate per Autrie Vie Answer: Measured life is other than that of the holder
Answer:
"to Jones for the life of Brown and then to Smith in fee simple"
11. Easements Answer: an interest that one may have in the lands of another
12. Affirmative Easements Answer: Allows the dominant estate (the one the easement
benefits) to do some physical act over the servient estate (where the easement is located).
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