BUL 2131-4

Summarize the legal characteristics of personal property, real property,and bailments.

essay1- Eve and Frank own twenty acres of land on which there is a warehouse surrounded by a fence. What is the most important factor in determining whether the fence is a fixture?

essay 2- Sams own an acre of land on Red River. The government dams the river. A lake forms behind the dam, covering Sam’s land. Does the government owe Sam anything.

If so, what? If not why?

Discern the legal relationship between landlords and tenants.

essay 3- Ann leases an office in Ted’s building for a one year term. At the end of the period specified in the lease, the lease ends without and possessions of the office return to Ted.

If Ann dies during the period of the lease what happens to the leased property?

essay 4- To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC., under a written five-year lease. Your goal is to part the game on the market within two years. Several months into the term, a competitor unexpectedly release a new game title featuring play that would make your game appear to be a poorly crafted imitation.

Can you assign the lease to another party? Explain.

 

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