Jurisdictional peculiarities.
In the law of almost every country, the state is the ultimate
owner of all land under its jurisdiction, because it is the sovereign, or supreme lawmaking
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authority. Physical and corporate persons do not have allodial title;
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they do not own land but
only enjoy estates in the land, also known as "equitable interests."
(Source: http://en.wikipedia.org/wiki/Real_property)
4. Say if the sentences concerning Text 4B are true or false.
1.
Immovable property is any subset of land that has a house on it.
2.
Purpose-built markers include seacoasts, rivers, streams, etc.
3.
The word ―real‖ derives from Esperanto.
4.
There is only one right, i.e. ―right to own‖, associated with each
piece of property.
5.
The state is the ultimate owner of all land under its jurisdiction.
6.
Land belongs to personal property.
5. Answer the following questions.
1.
What synonyms to the word ―real property‖ do you know?
2.
What is the historical background of real property?
3.
What are the two main types of property?
4.
What manmade boundaries do you know?
5.
How is a party enjoying an estate called?
6.
Why is real property unique?
7.
What rights of property are recognized? Why are they important?
8.
Why is the state the ultimate owner of all land under its jurisdiction?
6. Read and translate into Russian the following word-combinations. Pay
attention to the way some words change their meaning depending on the
word-combination they are used in.
a) abandoned property, attached property, alien property, business
property, city property, common property, corporate property, damaged property, federal
property, fixed property, individual property, industrial property, insured property, mortgaged
property, municipal property, state property, residential property, separate property;
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Allodial title
: Real property that is independent of any superior landlord. Allodium is "Land held absolutely in
one‘s own right, and not of any lord or superior; land not subject to feudal duties or burdens. An estate held by
absolute ownership, without recognizing any superior to whom any duty is due on account thereof."
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b) property in goods, property in land, property in municipal ownership, property of the
firm, property of state, property under arrest;
c) to acquire real property, to administer property, to alienate property, to bequeath property, to
enjoy property, to inherit property, to insure property, to make a property over, to mortgage
property, to obtain property, to possess property, to sell property at a gain, to surrender property,
to use property.
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