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national 1

national 1 chapter review

TermDefinition
Personal property Movable i.e. potted plants, furniture, documents, etc..
Real property, real estate, realty immovable. land and everything attached to it
Deed written instrument conveys and transfers ownership interest in real property
Heterogeneity no two parcels of land are the same
P E T E Police power Eminent domain Taxation Escheat
Dedication gift of private land to public without consideration for public uses
Condemnation process of property going through eminent domain
Conversion process of real property -> personal property (or reverse)
Created by: bronny