ACCURATE SOLUTIONS
What is possession? Elements? Types? - ✅✅✅CORRECT -control or holding of property with or
without claim of ownership
Elements:
1) Intent to possess
2) actual holding and control (dominion and control)
Types:
1) Actual- physically in control
2) Constructive- Not having physical possession, still in possession
What is property - ✅✅✅CORRECT -Matter of rights among people with respect to things both
tangible and intangible.
Types of property - ✅✅✅CORRECT -1) Real- Land
2) Personal Property- Chattels, anything tangible and intangible, movable (draw line at house. a house is
personal property)
Bundle of Rights - ✅✅✅CORRECT -1) The right to control
2) The right to transfer
3) The right to exclude
Occupation - ✅✅✅CORRECT -the condition of holding, possessing, or residing in or on something
Relativity of Title - ✅✅✅CORRECT -the idea that one person may have a superior title to one person
as well as an inferior title to another. (You have a claim against the whole world except true owner and
prior possessor)