Property w1&2

What is the Property Law Unit Code?

• vu22970

• vu22972

• vu22971

• vu22978

Real property is referred to as:

• interests in or over land, including fixtures attached to buildings or items of plant or machinery

• is everything you own, tangible as well as intangible

• is tangible property

• is a legal right to to copyright, ownership in shares and goodwill.

Tangible property is also known as "chattels"

• yes, true

• no, never

A landowner has rights in the airspace to what height?

• 20 metres above the roof of the structure / residence

• as is necessary for ordinary use and enjoyment of the land

• unlimited rights to airspace above his/her property

• as the courts deem correct depending on the merits of each case

What are the elements of ownership?

• legal rights, title, possession and transfer of ownership

• selective rights but no possession

• title and the right to transfer ownership

• legal rights to own the property

Examples of tangible property includes ownership of shares, goodwill, and trademarks.

• yes, absolutely

• no, not on your life