BLAW 2013 Lecture Notes - Lecture 25: Remainderman, Concurrent Estate, Air Rights
21 Mar 2017
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Denial of discharge: destroy/ falsify records, make false statement under oath, secretly transfer/ conceal property, fail to explain loss of assets, receive assets within 6 years. Able to re-af rm debt w. court permission. Bankruptcy will stay on your credit report for 10 yrs. Some employers review your credit record (& facebook) Buy land= get everything permanently attached to it: land, buildings, plants, mineral rights, air rights, fixtures (item of personal property permanently attached to building on land) Furniture attached to room (rolling chair= not xture) Forma of ownership: fee simple absolute, life estate. Life tenant & remainder-man= able to sell its interest: owner: right to own only during his/ her life time. Owner sell it to person a (not remainder-man) => person a= only own property until owner dies. => after owner dies right= for remainder-man (no longer for person a) Forms of multiple ownership: ownership in common. When another person sharing common dies others" interest= not affected.
