CH 5 VOCABULARY= Palpalini.docx

CH 5 VOCABULARY= Palpalini.docx - Christopher Anosike...

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Christopher Anosike Professor Palpalini LGLS 1101 VOCABULARY: 1) Abandoned property= property that has been discarded which the owner has no intention of claiming it. 2) Treasure-trove= the doctrine that is an exception the rule that protects the rights of landowners 3) Lost property= when the owner has involuntarily and accidentally parted with and does not know where to find it. 4) Mislaid property= has been voluntarily and intentionally placed somewhere by the owner and forgotten. 5) Bailment= occurs when the owner of personal property gives possession of the item to someone else, usually for a particular purpose 6) Bailor= the owner of personal property 7) Bailee= the person temporarily in possession of the item. 8) Bailee’s lien= a situation when the bailor does not pay the bailee’s fee, the bailee may retain possession of the item until the bill is paid. 9) Real property= consists of land and everything attached to the land. 10) Estate= used in the law of real property to refer to a person’s interests or rights concerning
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  • Spring '10
  • SamuelHodge
  • Christopher Anosike, Professor Palpalini

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