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13 Cards in this Set
- Front
- Back
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constructive delivery
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Constructive delivery refers to an act amounting to a transfer of title by operation of law when actual transfer is impossible
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accession
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t is a mode of acquiring property that involves the addition of value to property through labor or the addition of new materials.
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lost property
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when the owner does not know what happened to their property
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mislaid property
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is placed intentionally somewhere but then forgotten
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occupancy
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the action or fact of occupying a place.
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severalty
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the condition of being separate.
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co- ownership
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An individual or group that shares ownership in an asset with another individual or group.
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right of partition
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Any division of real property or Personal Property between co-owners, resulting in individual ownership of the interests of each.
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joint tenancy
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the holding of an estate or property jointly by two or more parties, the share of each passing to the other or others on death.
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right of survivorship
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the right of survivorship is an attribute of several types of joint ownership of property, most notably joint tenancy and tenancy in common.
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tenancy in common
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a shared tenancy in which each holder has a distinct, separately transferable interest.
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tenancy by the entireties
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A type of concurrent estate in real property that is unique in that it occurs where the owners of property are husband and wife. Each spouse has an equal and undivided interest in the property.
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community property
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A U.S. state-level legal distinction of a married individual's assets. Property acquired by either spouse during the course of a marriage is considered community property.
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