#1
What is the primary function of property rights?
To protect individuals' ownership and control over assets
ExplanationProperty rights safeguard individuals' ownership and control over assets.
#2
What is the purpose of a property survey?
To identify property boundaries, easements, and other relevant details.
ExplanationA property survey identifies boundaries, easements, and other pertinent details.
#3
What is the legal significance of a property deed?
It serves as evidence of ownership and transfers title from one party to another.
ExplanationA property deed serves as evidence of ownership and facilitates the transfer of title.
#4
Which legal principle governs the establishment of property boundaries?
Adverse possession
ExplanationAdverse possession governs the establishment of property boundaries.
#5
What is the 'bundle of rights' concept in property law?
A set of rights granted to property owners, including the right to sell, lease, and exclude others
ExplanationThe 'bundle of rights' concept grants property owners rights such as selling, leasing, and excluding others.
#6
Which type of property boundary is typically defined by physical features such as fences, walls, or landmarks?
Artificial boundary
ExplanationAn artificial boundary is typically defined by physical features like fences, walls, or landmarks.
#7
What is the difference between real property and personal property?
Real property includes land and anything permanently attached to it, while personal property is movable and not attached to land.
ExplanationReal property includes land and permanent attachments, while personal property is movable and not attached to land.
#8
What is a riparian right in property law?
The right of a landowner to use water from a river or stream adjacent to their property
ExplanationA riparian right grants a landowner the use of water from a nearby river or stream.
#9
What is the 'rule against perpetuities'?
A legal principle that prohibits the creation of certain types of property interests that could potentially last forever.
ExplanationThe 'rule against perpetuities' prohibits the creation of property interests that could last indefinitely.
#10
What is the 'doctrine of fixtures' in property law?
A doctrine that governs the attachment of personal property to real property, determining whether it becomes part of the real property.
ExplanationThe 'doctrine of fixtures' governs the attachment of personal property to real property and determines whether it becomes part of the real property.
#11
What is a restrictive covenant in property law?
A provision in a deed or contract that restricts the use or development of land for a specified period.
ExplanationA restrictive covenant is a provision in a deed or contract limiting the use or development of land for a specified period.