Defined as the rights and interests in land, buildings, and those things permanently affixed to them.
What is real property?
100
Exists when two or more persons have ownership rights to the same property.
What is co-ownership?
100
The party who gives up possession of the property
Who is the bailor?
100
When goods are bailed with common carriers and hotels, this type of bailment arises
What is an extraordinary bailment?
100
Property placed intentionally somewhere but then forgotten
What is mislaid property?
200
Intangible personal propertycreated by the intellect and includes copyrights, service marks, trademarks, and patents.
What is intellectual property?
200
Created when the owner does not know when or where property disappeared from the owners possession.
What is lost property?
200
An enterprise that agrees, for a fee, to transport goods for anyone who applies, provided the goods are lawful and fit for shipment.
What is a common carrier?
200
This means the bailee will be liable if negligent in some way
What is ordinary care?
200
Acquiring title by taking possession of personal property that belongs to no one else
What is occupancy?
300
The grant of the exclusive right to make, use, import, sell, and offer a novel or new, non-obvious, useful product or process.
What is a patent?
300
The co-ownership of the same property with the right of survivorship.
What is joint tenancy?
300
When a common carrier can retain the goods until charges for transportation and services are paid.
What is a carrier's lien?
300
A bailee entitled to payment is granted the right under the law to enforce one of several types of these
What is a bailee's lien?
300
This means if one of the joint owners dies, the remaining owner or owners still retain ownership rights to the whole property
What is right of survivorship?
400
A unique word, mark, or symbol that identifies a service as opposed to a product.
What is a service mark?
400
A form of co-ownership between a husband and wife in which one tenant cannot sell or mortgage the property without the spouse's consent.
What is tenancy by the entireties?
400
In this bailment, ownership remains with the manufacturer or wholesales until the goods are sold. The retailer then takes a percentage of the selling price for her services.
What is a consignment?
400
A sign, label, or warning reducing the bailee's duty of care
What is a disclaimer?
400
The right of an owner of property to al that property produces or to a significant increase in that property
What is accession?
500
The unauthorized copying, sale, display, or performance of a copyright protected work.
What is infringement?
500
When the symbol of a piece of property are used in place of the property itself
What is constructive delivery?
500
The transfer of the real possession of the book, car, or other item being bailed.
What is actual delivery?
500
The type of bailment arises accidentally and without the consent of the bailee.
What is involuntary bailment?
500
Allows any co-owner to legally compel the division of the property among the co-owners