click below
click below
Normal Size Small Size show me how
16_cj
| Question | Answer |
|---|---|
| Accession | right of an owner of property to an increase in that property |
| Co-ownership | ownership existing when two or more persons have the same ownership rights in the same property |
| Community property | property owned equally by spouses |
| Constructive delivery | having a symbol of a gift substituted in its delivery |
| Copyright | protects the expression of a creative work, such as the work of an artist, author, or composer |
| Divorce | court action terminating a marriage |
| Fair use | limited use of copyrighted works by critics, researchers, news reporters, and educators |
| Fixture | item of personal property that has become permanently attached to realty and is thus transformed from personalty into realty |
| Infringement | unauthorized copying, sale, display, or performance of a copyrighted work |
| Intellectual property | purely intangible personal property that one cannot touch or move |
| Joint tenancy | co-ownership of property with equal interests and the right of survivorship |
| Land | basic physical element of realty |
| Lost property | property that the owner unknowingly leaves somewhere or accidentally drops |
| Marriage | legal union of a man and woman as husband and wife |
| Mislaid property | property that is intentionally placed somewhere but then forgotten |
| Occupancy | acquisition of title by taking possession of personal property that belongs to no one else |
| Patent | government grant of exclusive right to make, use, and sell a product or process which is novel, non-obvious, and useful |
| Personal property (also called personalty) | tangible, movable property and intangible property |
| Property | tangible and intangible things and their corresponding legal rights and interests |
| Real property (also called realty) | land, water, and minerals in the earth; airspace above the land; and things permanently attached to the land |
| Right of partition | attribute of co-ownership which allows any co-owner to require the division, usually financial, of the property among the co-owners |
| Right of survivorship | right of one joint tenant to ownership of property when the other joint tenant dies |
| Service mark | word, mark, or symbol that identifies a service as opposed to a product |
| Severalty | ownership of all property rights by oneself |
| Tenancy by the entireties | usual form of co-ownership between husband and wife, carrying equal interest and the right of survivorship |
| Tenancy in common | form of co-ownership in which the shares may be unequal and there is no right of survivorship |
| Trade secret | unpatented formula or process not known to others and which is valuable in business |
| Trademark | unique word, mark, symbol, or device that identifies a product of a particular manufacturer or merchant |