tailieunhanh - Lecture Business law: The ethical, global, and e-commerce environment (15/e): Chapter 24 - Mallor, Barnes, Bowers, Langvardt

Chapter 24 - Real property. After studying this chapter you will be able to understand: Define real property and describe the scope of related rights and interests, distinguish the forms of real property ownership and how transfer occurs, explain the process of acquiring real property and relevant deeds, discuss government control of real property and constitutional limits. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 5 Personal Property and Bailments Real Property Landlord and Tenant Estates and Trusts Insurance Law Property P A R T Real Property P A E T R H C 24 Study how a society uses its land, and you can come to pretty reliable conclusions as to what its future will be. . Schumacher, Small is Beautiful (1973) Learning Objectives Define real property and describe the scope of related rights and interests Distinguish the forms of real property ownership and how transfer occurs Explain the process of acquiring real property and relevant deeds Discuss government control of real property and constitutional limits The law of real property concerns the ownership, acquisition, and use of land Real property includes not only land but also things firmly attached to or embedded in land: Buildings Trees, crops, and other vegetation Water and groundwater Minerals Airspace above Overview A fixture is . | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 5 Personal Property and Bailments Real Property Landlord and Tenant Estates and Trusts Insurance Law Property P A R T Real Property P A E T R H C 24 Study how a society uses its land, and you can come to pretty reliable conclusions as to what its future will be. . Schumacher, Small is Beautiful (1973) Learning Objectives Define real property and describe the scope of related rights and interests Distinguish the forms of real property ownership and how transfer occurs Explain the process of acquiring real property and relevant deeds Discuss government control of real property and constitutional limits The law of real property concerns the ownership, acquisition, and use of land Real property includes not only land but also things firmly attached to or embedded in land: Buildings Trees, crops, and other vegetation Water and groundwater Minerals Airspace above Overview A fixture is personal property that has become attached to or connected to real property in such a way that it ceases being personal property and becomes part of the real property Fixtures Fixtures belong to real property owner Chevron ., Inc. v. Sheikhpour: underground fuel storage tanks were fixtures In July 2007, Chevron sued to enforce a contract that it had made with Sheikhpour that entitled Chevron to buy and remodel Sheikhpour’s Manhattan Beach gas station. The parties entered into a Settlement Agreement that required Sheikhpour to complete certain reconstruction obligations by October 31, 2009. When he failed to complete the reconstruction by the deadline, Chevron obtained an order enforcing the Settlement Agreement and ordering Sheikhpour to convey the station to Chevron. Chevron’s efforts to possess the property were met with additional objections from Sheikhpour, however. In December 2010, Sheikhpour requested continuing access to the property for fourteen days to remove his .