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Study sets matching "term:personal property = all tangible or intangible property that is not real property"

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Study sets matching "term:personal property = all tangible or intangible property that is not real property"

19 terms
GA PROPERTY & CASUALTY INSURANCE TEST - LEGAL LIABILITY CONCEPTS
Tort
Tort Feasor
Defense Against Negligence
Without Defenses to Charges of Neglige…
illegal wrong without criminal activity, civil courts decide…
the party that committed the wrongful act
a. Contributory - both parties share the blame; no one can fi…
a. Strict Liability - not allowed to have defense, such as ma…
Tort
illegal wrong without criminal activity, civil courts decide…
Tort Feasor
the party that committed the wrongful act
24 terms
Legal Terminology - Unit 25 - Real and Personal Property
real property
personal property
chose
chose in action
fixed and immovable assets; land, houses, buildings, barns, f…
movable assets; anything that is not real property or permane…
French word meaning thing; personal chattel
a personal right not reduced to possession, but recoverable b…
real property
fixed and immovable assets; land, houses, buildings, barns, f…
personal property
movable assets; anything that is not real property or permane…
7 terms
Property
Property
Corporeal rights
Incorporeal rights
Personal property
Any mayter or thing capable of private ownership
Tangible interest in real property
Intangible or non-processory rights in real property, all pro…
Any property that is not real property
Property
Any mayter or thing capable of private ownership
Corporeal rights
Tangible interest in real property
12 terms
Real and Personal Property Chapter 3
Ownership System: Fedual System
Ownership System: Allodial system
Name the five bundle of rights.
Name the four government powers (PETE)
Land that belongs to Kings and everyone owes rent or services…
Establishes absolute ownership, which means there is no oblig…
Control-Total control within the law... Possession-Right to have…
Police power-Right to enact laws for common good includes zon…
Ownership System: Fedual System
Land that belongs to Kings and everyone owes rent or services…
Ownership System: Allodial system
Establishes absolute ownership, which means there is no oblig…
Real Estate - Realty & Personal Property
Personal Property
Realty
Land
Fructus naturales
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Definition: Land, Real Estate and Real Property... Transferred b…
From the core of the earth upward in the shape of a cone incl…
Definition: What grows naturally
Personal Property
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Realty
Definition: Land, Real Estate and Real Property... Transferred b…
29 terms
Property
Morris Cohen
William Blackstone
Characteristics of Property... (PUT EM)
What is necessary for there to be prop…
a property right is a relation not between an owner and a thi…
the sole and despotic dominion which one man claims and exerc…
Possess or Occupy... Use & Enjoy (Exploit)... Transfer... Exclude O…
...
Morris Cohen
a property right is a relation not between an owner and a thi…
William Blackstone
the sole and despotic dominion which one man claims and exerc…
42 terms
Ch. 8 Real and Personal Property
real property
deed
personal property
bill of sale
refers to land, which includes things under the land, such as…
the primary way to transfer ownership interests (title) in pr…
all property that is movable and not real property... ex: home a…
method of transfer of ownership for personal property
real property
refers to land, which includes things under the land, such as…
deed
the primary way to transfer ownership interests (title) in pr…
8 terms
Chapter 47: Personal Property and Bailment
mislaid property
lost property
abandoned property
bailment
property that is intentionally placed somewhere, but then for…
property which the owner unknowingly leaves somewhere or acci…
property that original owner has discarded
the transfer of possession without the transfer of ownership
mislaid property
property that is intentionally placed somewhere, but then for…
lost property
property which the owner unknowingly leaves somewhere or acci…
39 terms
Real & Personal Property Law
Real Property
Land
Tenements
Appurtenances
Land plus the tenements, improvements and appetences transfer…
Surface, Subsurface, Air Rights. (All can be sold and or leas…
man made improvements to land
Rights, privilege or improvements attached to the land.
Real Property
Land plus the tenements, improvements and appetences transfer…
Land
Surface, Subsurface, Air Rights. (All can be sold and or leas…
12 terms
Property law
Real property
Personal property
Tangible
Fixture
Land, whatever grows on or is built, air rights over land, an…
All property, tangible or intangible; that isn't real property
Property is subject to physical possession and includes anyth…
If the tangible personal property is so incorporated into the…
Real property
Land, whatever grows on or is built, air rights over land, an…
Personal property
All property, tangible or intangible; that isn't real property
24 terms
Chapter 16 property
Property
real property
personal property
intellectual property
tangible and intangible things and their corresponding legal…
land, water, and minerals in the earth; airspace above the la…
tangible, movable property and intangible property
purely intangible personal property that one cannot touch or…
Property
tangible and intangible things and their corresponding legal…
real property
land, water, and minerals in the earth; airspace above the la…
21 terms
Real Property
Real Property
2 types of property
Types of Tangible properties
Personal Property
Anything tangible or intangibly whereby a relationship exsist…
1. Tangible... 2. Intangible
1. Personal Property... 2. Real Property
What is movable
Real Property
Anything tangible or intangibly whereby a relationship exsist…
2 types of property
1. Tangible... 2. Intangible
79 terms
Real Estate - Realty & Personal Property
Personal Property
Realty
Land
Fructus naturales
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Definition: Land, Real Estate and Real Property... Transferred b…
From the core of the earth upward in the shape of a cone incl…
Definition: What grows naturally
Personal Property
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Realty
Definition: Land, Real Estate and Real Property... Transferred b…
181 terms
Property
Ratione Soli
Conversion
Trover
Replevin
If you own the ground and something is on the land you own it.
A voluntary act by one person inconsistent with the ownership…
A remedy of conversion that does not ask for the item itself,…
want property back.
Ratione Soli
If you own the ground and something is on the land you own it.
Conversion
A voluntary act by one person inconsistent with the ownership…
6 terms
Real Property Ownership/Interest
appurtenances
Tangible
Intangible
Interest in land
Rights, benefits, or attachments that transfer with ownership.
(can touch)
(cannot touch)
There is a legal privilege in the property (example-easement)
appurtenances
Rights, benefits, or attachments that transfer with ownership.
Tangible
(can touch)
65 terms
Property (After Spring Break) (not including REAL)
Property
Two aspects of the terms of property
Tangible property
Intangible property
a legally protected interest or group of interests
1. the physical thing itself ... 2. a right or interest in a phy…
(e.g. forty-acre farm, a chair, or a household pet)... physical…
(e.g. rights represented by stock certificate, promissory not…
Property
a legally protected interest or group of interests
Two aspects of the terms of property
1. the physical thing itself ... 2. a right or interest in a phy…
14 terms
Property and Casualty Chapter 11
Unfortunately the biggest risk that an…
As an employer you can protect yoursel…
In a Fidelity Bond it is the employee…
Coverage on a bonded employee automati…
Employees
Fidelity Bonds
Principal, Obligee, Surety or Guarantor.
Dishonest
Unfortunately the biggest risk that an…
Employees
As an employer you can protect yoursel…
Fidelity Bonds
17 terms
The Nature of Personal Property
Personal Property
bill of sale
types of personal property
chattel
all property that is not real property
used to transfer personal property from one owner to another
Chattel, trade fixtures, fructus industrailes, emblements
personal property consisting of two basic types
Personal Property
all property that is not real property
bill of sale
used to transfer personal property from one owner to another
19 terms
Real and personal property
Real property
Personal property
Inter vivos gift
Gift in causa mortis
The ground and everything permanently attached to it, includi…
Tangible and intangible property that is not real property, s…
A gift between the living that meets all of the legal require…
A gift, given by a living person who expects to die from a kn…
Real property
The ground and everything permanently attached to it, includi…
Personal property
Tangible and intangible property that is not real property, s…
19 terms
Real Property Vs. Personal Property
What are the two terms for plants eith…
Fructus naturales
Fructus industriales
Emblements
Fructus naturales... Fructus industriales
Trees, grasses, bushes that do not require annual cultivation…
Annual crops known as emblements, which are considered person…
Plants that are considered personal property.
What are the two terms for plants eith…
Fructus naturales... Fructus industriales
Fructus naturales
Trees, grasses, bushes that do not require annual cultivation…
23 terms
BMGT380 -- Personal Property
Property
Two Types of Property
Real Property
Personal Property
something that is capable of being owned
Real & Personal
the earth's crust and all things firmly attached to it
everything that isn't real property
Property
something that is capable of being owned
Two Types of Property
Real & Personal
20 terms
Ch.24 Real and Personal Property
Real Property
Personal Property
Inter Vivos Gift
Gift Causa Mortis
The ground and everything permanently attached to it, includi…
Tangible and intangible property that is not real property
A gift between the living that meets all of the legal require…
A gift, given by a living person who expects to die from a kn…
Real Property
The ground and everything permanently attached to it, includi…
Personal Property
Tangible and intangible property that is not real property
18 terms
Property and Assets Review
Personal Property (Personalty)
Personal Property (Examples)
Real Property (Real Estate) (Realty)
Real Property (Examples)
property that has a physical existence and is not real estate…
-Machinery... -Equipment... -Automobiles... -Trucks... -Computers... -Furnit…
land and any structures that are permanently attached to land…
-Land and land improvements (landscaping, shrubbery, sidewalk…
Personal Property (Personalty)
property that has a physical existence and is not real estate…
Personal Property (Examples)
-Machinery... -Equipment... -Automobiles... -Trucks... -Computers... -Furnit…
12 terms
Chapter 16 - Sales of Personal Property
goods
movable personal property
real property
intangible personal property
Movable personal property
All physical items except real estate
Land and things permanently attached to land
Evidences of ownership of personal property
goods
Movable personal property
movable personal property
All physical items except real estate
20 terms
Ch 24 Real and Personal Property
real property
personal property
inter vivos gift
gift cause mortis
land and everything permanently attached to it, including lan…
tangible and intangible property that is not real property
refers to property given while both parties are alive. in lat…
a gift given by a living person who expects to die from a kno…
real property
land and everything permanently attached to it, including lan…
personal property
tangible and intangible property that is not real property
9 terms
Real Property
Property
Real Property (realty)
Personal Property (personalty)
Intellectual Property
Tangible and intangible things and their corresponding legal…
land, water, and minerals in earth; airspace above the land;…
Tangible, movable property and intangible property
Purely intangible personal property that one cannot touch or…
Property
Tangible and intangible things and their corresponding legal…
Real Property (realty)
land, water, and minerals in earth; airspace above the land;…
93 terms
Property Law
Property
Real property
subsurface rights
plant life and vegetation
the set of rights and interests of a person or entity in rela…
immovable or attached to immovable land or buildings. include…
these are mineral rights to the earth located beneath surface…
these are considered real property until they are harvested.…
Property
the set of rights and interests of a person or entity in rela…
Real property
immovable or attached to immovable land or buildings. include…
9 terms
Personal Property
Personal property
Personal property
Emblements
Trade Fixtures
chattel, personalty
Not attached to land, is movable, it does NOT pass w/ the lan…
Personal property of the one who did the planting-CORN
Business Fixtures
Personal property
chattel, personalty
Personal property
Not attached to land, is movable, it does NOT pass w/ the lan…
45 terms
Real Property
Real property
Bundle of rights
Tangible property
Tangible property
The interests, benefits, and rights inherent in the ownership…
The Right to Sell... The right to lease or rent... The right to use…
Furniture
Machinery
Real property
The interests, benefits, and rights inherent in the ownership…
Bundle of rights
The Right to Sell... The right to lease or rent... The right to use…
14 terms
Personal Property-Business Law
Personal Property
The two types of Personal Property are:
Tangible property
Intangible personal property
The legal definition of personal property is "anything beside…
Tangiblie+Intangible
Tangible property is personal property that can be physically…
Intangible personal property is property that can't be physic…
Personal Property
The legal definition of personal property is "anything beside…
The two types of Personal Property are:
Tangiblie+Intangible
38 terms
Real Estate Dynamics CH 1 Definitions - Property
Accession
Air Lot
Air Rights
Appurtenance
The acquisition of title by the owner of real property to tho…
A designated air space over a parcel of land. In condominiums…
The right to use and enjoy the air space above a parcel of la…
Anything that may be used with the land for its benefit and g…
Accession
The acquisition of title by the owner of real property to tho…
Air Lot
A designated air space over a parcel of land. In condominiums…
41 terms
Chapter 13: Law of Property: Real and Personal
Property
Real property
Fixture
Water rights
A bundle of rights in relation to others, to possess, use, an…
Land and everything permanently attached to it
An item that is initially a piece of personal property but is…
The legal ability to use water flowing across or underneath o…
Property
A bundle of rights in relation to others, to possess, use, an…
Real property
Land and everything permanently attached to it
20 terms
Ch. 24 Real and Personal Property
Real Property
Personal Property
Inter Vivos Gift
Gift Causa Mortis
The ground and everything permanently attached to it, includi…
Tangible and intangible property that is not real property
A gift between the living that meets all of the legal require…
A gift, given by a living person who expects to die from a kn…
Real Property
The ground and everything permanently attached to it, includi…
Personal Property
Tangible and intangible property that is not real property
39 terms
Real Property vs Personal Property
Personal Property
Major distinction between personal and…
Chattels
Examples of Chattels
all the property that can be owned and that does not fit the…
personal property is movable
items of personal property
chairs, tables, clothing, money, bonds and bank accounts
Personal Property
all the property that can be owned and that does not fit the…
Major distinction between personal and…
personal property is movable
Managing Property
real property
personal property
real estate
improvements
land and all the thigns that are permantly attatched to it
tangible and intangible items that are not real property
land, including soil and water, buildings, trees, crops, impr…
an addition to real esate that ordinarily inhances its value
real property
land and all the thigns that are permantly attatched to it
personal property
tangible and intangible items that are not real property
90 terms
Real Property (Chapters 1-6)
Fixture
Real property
Personal property
Tangible
Item of personal property that becomes real property because…
Land or building
Personal items
Physical items
Fixture
Item of personal property that becomes real property because…
Real property
Land or building
25 terms
Real and Personal Property
Property
Personal Property
Tangible Property
Intangible Property
the ownership of a thing is the right of one or more persons…
both tangible and intangible property... --does not have unlimit…
property, except land or buildings, that can be seen, weighed…
value of the property is related to the rights that it provid…
Property
the ownership of a thing is the right of one or more persons…
Personal Property
both tangible and intangible property... --does not have unlimit…
12 terms
Real Estate Vocabulary Property REAL vs PERSONAL
Real Property is...Immovable, and or P…
Real Property: Appurtenances
Real Property: Fixtures
Real Property: Freehold Estate
Immovable land is the land and anything attached to land. ... F…
Rights, privileges or improvements permanently attached to th…
items of personal property attached to real property that are…
An ownership interest in land, the duration of which is uncer…
Real Property is...Immovable, and or P…
Immovable land is the land and anything attached to land. ... F…
Real Property: Appurtenances
Rights, privileges or improvements permanently attached to th…
40 terms
Chapter 6 - Legally Managing Property
real property
personal property
real estate
improvements
land and all the things that are permanently attached to it
tangible and intangible items that are not real property
land, including soil and water, buildings, trees, crops, impr…
an addition to real estate that ordinarily enhances it value
real property
land and all the things that are permanently attached to it
personal property
tangible and intangible items that are not real property
21 terms
Property
Personal property
Real estate
Fixture
Tangible property
Tangible and intangible items that are not real property
Land, including soil and water, buildings, trees, crops, impr…
An article which was once a chattel but that has become a par…
Personal property that has physical substance and can be held…
Personal property
Tangible and intangible items that are not real property
Real estate
Land, including soil and water, buildings, trees, crops, impr…
36 terms
Ch 1 - Property & Property Rights
air rights
ad valorem taxation
annexation
board of appeals
the rights to the space above a piece of property
taxation based "according to valuation". Property taxes are b…
the process of changing personal property to real estate
local city or town committee that rules on matters of zoning…
air rights
the rights to the space above a piece of property
ad valorem taxation
taxation based "according to valuation". Property taxes are b…
10 terms
Rights in Property (Notes)
Real Property
Personal Property
Intellectual property
Trademark
aka Real estate... rights and interests in land, buildings, and…
- rights and interests in anything that is not real property…
- an intangible property... - includes copyrights, service marks…
a mark, symbol, word, or device used to distinguish a manufac…
Real Property
aka Real estate... rights and interests in land, buildings, and…
Personal Property
- rights and interests in anything that is not real property…
Chapter 1 Real Property and Ownership
Real Property
Appurtenances
Bundle ofRrights
Chattels
All property that is not personal property. Includes land plu…
Rights, benefits and improvements that transfer with title are:
All of the legal rights incident to ownership of property inc…
Items of personal property, an item of movable personal prope…
Real Property
All property that is not personal property. Includes land plu…
Appurtenances
Rights, benefits and improvements that transfer with title are:
23 terms
Property and Casualty Chapter 4
____ policies are designed to protect…
Liability policy benefits are paid by…
The physical destruction or injury to…
The physical destruction or damage to…
Liability
third party (The Other Guy), BI, PD
Bodily Injury
Property damage
____ policies are designed to protect…
Liability
Liability policy benefits are paid by…
third party (The Other Guy), BI, PD
27 terms
Real and Personal Property
Real Property
Personal Property
Mislaid property
Lost property
The ground and everything permanently attached to it, includi…
Tangible and intangible property that is not real property
When an item is intentionally left in a certain place and the…
When an item is unintentionally left in a apace and forgotten…
Real Property
The ground and everything permanently attached to it, includi…
Personal Property
Tangible and intangible property that is not real property
8 terms
Personal Property and Bailments- Chapter 19 Business Law
Donor
Bailor
Bailment
Intellectual Property
One who gives a gift.
Owner of personal property which is in the possession of anot…
Agreement created by the delivery of personal property by the…
Original work fixed in a tangible medium of expression. It in…
Donor
One who gives a gift.
Bailor
Owner of personal property which is in the possession of anot…
Tangible Property
Title by Discovery (First in Time)
Johnson v. McIntosh
Title by Conquest
Title by Occupancy (Acquisition by Cap…
Unowned and unpossessed land belonged to the first European t…
Johnson purchased land from Native Americans, McIntosh is lat…
acquisition of title by war (taking land by force with milita…
In order to gain possession of personal tangible property tha…
Title by Discovery (First in Time)
Unowned and unpossessed land belonged to the first European t…
Johnson v. McIntosh
Johnson purchased land from Native Americans, McIntosh is lat…
8 terms
Real property vs personal
Personal property
Chattels
Manufactured housings
Enablements/fructus industrialis
"Personality" all the property that can be owned and that doe…
Tangible items like chairs,tables,clothing,money,bonds,Bank a…
Built specifically to the standards of HUD
Cultivated crops, trees,vegetables and grains.
Personal property
"Personality" all the property that can be owned and that doe…
Chattels
Tangible items like chairs,tables,clothing,money,bonds,Bank a…
75 terms
MGT 201 Ch. 8- Property
Property
Ownership
Real property
Real Estate
refers to tangible and intangible items that can be owned
is a concept that means the right to exclude others. Disputes…
is land, and certain things that are attached to it or associ…
reflects both the concept of real property and the ownership…
Property
refers to tangible and intangible items that can be owned
Ownership
is a concept that means the right to exclude others. Disputes…
79 terms
Real Estate - Realty & Personal Property
Personal Property
Realty
Land
Fructus naturales
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Definition: Land, Real Estate and Real Property... Transferred b…
From the core of the earth upward in the shape of a cone incl…
Definition: What grows naturally
Personal Property
Definition: Anything that is NOT realty (Land)... AKA: chattel... T…
Realty
Definition: Land, Real Estate and Real Property... Transferred b…
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