Chapter 6 Flashcards

(20 cards)

1
Q

What is included in real estate property?

A

Anything attached to land such as fences and buildings.

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2
Q

What is it called when you have exclusive rights to possess a property for a period of itme?

A

an estate.

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3
Q

For what duration does an estate last?

A

For their lifetime.

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4
Q

What is joint tenancy?

A

When two or more people have an undivided interest in the property with the right of survivorship.

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5
Q

When is joint tenancy severed?

A

When one party sells their stake, becomes bankrupt or murders the other.

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6
Q

What is the right of survivorship in terms of shared ownership?

A

When one dies the other gets their share.

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7
Q

What is a co-operative?

A

Entire building is owned by a group or corporation.

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8
Q

The right to enter land owned by another for a specific purpose is called what?

A

An easement

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9
Q

What is a restrictive covenant?

A

A promise to refrain from certain conduct on, or use of land.

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10
Q

What is it called when a person can extract and retain something of value from another’s property?

A

Mineral lease.

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11
Q

What is a profit a prendre?

A

Gives right to take something of value such as timber or berries.

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12
Q

What is it called when a tenant continues to possess the premises at the end of a fixed-term tenancy without the landlord’s permission?

A

Tenancy at sufferance.

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13
Q

What is a distress remedy to breach of contract?

A

Right to seize assets of tenants on the premises and sell them for rent.

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14
Q

What protects words, symbols or designs?

A

Trademarks.

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15
Q

Copyright are given for what?

A

Ideas that are expressed.

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16
Q

What stops someone from making, using or selling an invention?

17
Q

What protection offers the longest protection in terms of years?

A

Trademarks can be renewed every 15 years indefinitely.

18
Q

What is the remedy of delivering up?

A

Requires the infringer to turn over the goods to the rightful owner for intellectual property.

19
Q

What is adverse possession?

A

Exclusive open possession of another land

20
Q

What is expropriation?

A

Compellin someone to sell their land by the government.