18034779
Description
Flashcards by Paul Sanford, updated more than 1 year ago
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Created by Paul Sanford
over 6 years ago
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| Question | Answer |
| Allodial System | System in which any individual who has the means can acquire rights to ownership |
| Bundle of Rights | Possession Use or Control Enjoyment Disposition |
| Estate in Land | refers to the quality, quantity, nature and extent of the ownership interest that a person holds in real property |
| Freehold Estates | Estates that will last for an indefinite period of time. |
| Fee Simple Absolute | Also called Fee Simple. One in which the owner possesses the entire bundle of rights |
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