Chapter 1 - Introduction to Property

Question 1

What is Property?

Answer 1

A relationship between people and a thing.

Question 2

What is Tangible Property and give examples

Answer 2

Property with a physical form (land, bike, car)

Question 3

What is intangible property and give examples

Answer 3

Property without physical form (stocks, ideas, characters)

Question 4

What is real property?

Answer 4

Land

Question 5

Name the 4 types of real property with examples

Answer 5

Trick question! Onlyly 3 types of real property: 1. Private property (house), 2. Common property (public park) 3. State Property (airport)

Question 6

This concept grants people access to property they do not own

Answer 6

Easements

Question 7

Another word for personal property is

Answer 7

Chattel

Question 8

To have 100% proprietary interest in an object is to have ___ over that object.

Answer 8

Ownership

Question 9

Possession is not ownership because

Answer 9

possession only requires physical control over that object

Question 10

true or false, one cannot possess intangible property without also owning it?

Answer 10

False (ex. software license)

Question 11

What is the Doctrine of Estate?

Answer 11

The old feudal principle: the local lord owned all the land, and everyone upon it was a renter

Question 12

This event caused objects to be thought of as property:

Answer 12

the industrial revolution

Question 13

I own my car, and my car, and it is taken care of by me. therefore the car is my ___ and I am it’s ___

Answer 13

Object, Subject

Question 14

As opposed to common law principles, Aboriginal land Principles can be characterized by:

Answer 14

Interdependence between land and person/communitiy

Question 15

Aboriginal law was recorded via:

Answer 15

Oral storytelling

Question 16

Pensions and Licenses are considered

Answer 16

New Property

Question 17

Progressive property can be found in:

Answer 17

Providing equity through property

Question 18

An example of subversive property is:

Answer 18

an Aboriginal reserve

Question 19

Give examples of the rights of ownership

Answer 19

Enjoyment, exclusion, destruction, resource extraction

Question 20

Give examples of the responsibilities of ownership

Answer 20

taxes, maintenance, have insurance