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blaw202 part2

QuestionAnswer
Tangible Stuff that one owns and can be moved
Intangible rights/ deeds of things
Real Property Land / Real Estate
Donor Person making a gift
Donee Recipient of gift
Inter Vivos gift Any transaction that takes place between living persons and creates rights priorto the death of any of them.
Causa Mortis Gift gift, while the donor is thought to be dying w/ death impending, that is revocable under certain circumstances
Conditional gifts A gift is given to someone under a certain condition the donee must do
Escheat The transfer to the state of the title to a decedent's property when the owner of the property dies interstate and is not survived by anyone capable of taking the property as heir.
Finding Lost Property Finders Keepers doesnt work here. You are in possession but are not the owner.
Animals as Personal Property If the animals are caged, tied, or prevented from going at its will, it is considered ownership.
Abandoned Personal Property Personal Property is deemed abandoned when the owner relinquishes possession of it with the intention to disclaim title to it.
Tenancy in Common Form of ownership by two
Created by: bja34