blaw202 part2 Word Scramble
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Question | Answer |
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
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