Business Law

1)        Differentiate personal property from real property.

2)        List the primary ways to acquire ownership of personal property.

3)        Explain how the rights of finders of abandoned, lost, and mislaid property differ.

4)        List and discuss the elements that are necessary for making a valid gift of property.

5)        List the three essential elements of a bailment.

6)        List and describe the various kinds of interests that can be created in real property.

7)        List and discuss the seven types of co-ownership of real property recognized in the United States.

8)        Discuss the steps in the sale and purchase of real property.

9)        Explain the difference between a quitclaim deed and a warranty deed.

10)        Explain the liability of an insurer under a liability insurance contract.

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