Front

The best definition of real property is

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all that is immovable and the bundle of rights.

Front

Trade fixtures are

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personal property.

Front

The highest bundle of rights a person may enjoy under our allodial system is a(n)

Back

a fee simple absolute estate.

Front

Economic characteristics of land include: nonhomogeneity, indestructibility, definable boundaries, fixity of improvements.

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fixity of improvements.

Front

Fixity of real estate refers to its

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location.

Front

Leverage involves using a small amount of money to

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secure a large loan for the purchase of property.

Front

The right of possession remaining with the borrower best describes

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hypothecation.

Front

Property is defined as

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anything that can be controlled and owned.

Front

Hereditaments refer to

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things capable of being inherited.

Front

An economic characteristic of real estate is its

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scarcity.