Property Law Questions With 100% Correct Answers!!

Real Property - Answer-land and things attached to the land Real Property Mortgage - Answer-legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's real property, with the condition the conveyance of title becomes void upon the payment of the debt Conveyancing - Answer-act of transferring property title from one person to another Deed - Answer-the official document transferring ownership from seller to buyer Title - Answer-legal ownership and the right to use a piece of property Landlord-Tenant Law - Answer-part of the common law which details the rights and duties of landlords and tenants Personal Property - Answer-possessions such as jewelry, furniture, and boats Intangibles - Answer-all kinds of personal property which are not tangible Bailment - Answer-temporary placement of control over or possession of personal property by one person, the bailor, into the hands of another, the bailee, for a designated purpose upon which the parties have agreed Will - Answer-legal document in which the drafter outlines what to do with specific property after his or her deathInheritance - Answer-gift of money or property from a deceased person after his or her death intellectual property - Answer-a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc. patent - Answer-(n.) exclusive rights over an invention; copyright; (v.) to arrange or obtain such rights; (adj.) plain, open to view; copyrighted Copyright - Answer-the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same. Trademark - Answer-the exclusive right to use a brand or part of a brand Bailment - Answer-the transfer of possession but not the title of personal property by one party to another, under agreement Special bailment - Answer-A bailment for the sole benefit of the bailee gratuitous bailment - Answer-A bailment for the sole benefit of the bailor Mutual benefit bailment - Answer-A bailment in which both the bailor and bailee receive benefits Carrier - Answer-A business that transports persons, goods, or both Common Carrier - Answer-A carrier that is compensated for providing transportation to the general public