BUSL 2550 Lecture Notes - Lecture 8: Warranty Deed, Quitclaim Deed, Due Diligence
12 Dec 2016
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Document Summary
Can be a beneficiary of a trust in many states: not everything is subject to ownership. Virtual stores are not forms of real property. Virtual money, like bitcoin, can be used to purchase real properties. Personal property and real property can be private or public. Property that someone finds can be classified in several ways. A business should be able to disclaim bailment. Real property: real property can be produced, purchased, inherited, gifted, or acquired through adverse possession, real property can be produced by: Building a house, or other permanent fixture onto the land. Contract related to property must be in writing to be valid against the defendant according to the statute of frauds: types of deed. Places others on notice that whoever has recorded the deed to the property owns the property. Gift- valid, when the donor makes the gift of title, delivers the deed to the recipient, and the gift is accepted.
