Real Estate Law 4

admin 2019.05.04 20:50 Views : 447

Check Your Understanding - Answers

  1. What does the legal concept of land encompass?
    • the surface area of the earth
    • everything beneath the surface of the earth extending downward to its center
    • all natural things permanently attached to the earth
    • the air above the surface of the earth extending outward to infinity
       
  2. What are the three physical characteristics of land?

    Immobility, indestructibility, and heterogeneity
     
  3. What does the legal concept of real estate encompass?
    • Land
    • All man-made structures that are "permanently" attached to the land
       
  4. What are the two classifications of property?

    Real property and personal property
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