Personal property.

Define “personal property.” What is the difference between tangible and intangible personal property? Give an example of each.

6.) Define a fee simple absolute (or fee simple). Define a fee simple defeasible (or qualified fee).

7.) What is a future interest? What is the difference between a reversion and a remainder? Give an example of each.

9.) What is the difference between a condominium and a cooperative?

11.) Describe a recording statute. Explain what the Registrar of Deeds does.

12.) What does the legal doctrine of adverse possession provide? What elements have to be met for adverse possession to occur? Give an example.

15.) Define “zoning.” What does a zoning ordinance do? Give an example of zoning. What is a variance?

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