Barney Fletcher Cram Notes Booklet Well Arranged

Barney Fletcher Cram Notes Booklet Well Arranged deed -Correct Answer-the instrument used to transfer real property Title -Correct Answer-Ownership and the owner's rights Real Estate -Correct Answer-Land + improvements (appertenances) Physical Characteristics of Land -Correct Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land -Correct Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property -Correct Answer-anything that is not real property; Chattel Severance -Correct Answer-Remove from the land Make real property into personal property Fixture -Correct Answer-Tests MIAA 1. Method of attachement 2. Intention of attaching party 3. Adaptation to the article 4. Agreement (seller's disclosure statement best to use altho not law) Trade Fixtures -Correct Answer-Personal property used in a business and can be removed by the lessee when the lease terminates. Emblements -Correct Answer-Crops/ Fruc