GBL 295 Study Guide - Midterm Guide: National Environmental Policy Act, Sulfur Dioxide, Uniform Commercial Code

• School: MSU
• Department: General Business-Business Law
• Course: GBL 295
• Professor: Prof.Behan

Document Summary

Real property: lands and all structures permanently attached to land. Personal property: all property other than land and attachments o o. Accounts receivable, insurance policies, copyright, patents, etc: differences: o o. We have public record of owners with real property. How we insure property and how we transfer it and tax property are all different. Township lines are e-w lines 6 miles apart north or south of the baseline. Range lines are n-s lines 6 miles apart east or west of the principal meridian. o. This 6 mile square is called the township. Townships are divided into 36 1 mile square sections. Numbering system called boustrophedonically o: measurement of land and knowing where they land is in the state. Basic categories of estates (real property) o. Most common form: absolute, the largest aggregation of property rights recognized under american law. Ownership of property with no limits from previous property.