property law
Fishing and hunting - State statutes
Alabama- Title 9, Chapter 11 Alaska- Title 16 Arizona- Title 17 Arkansas (see Title 15, Subtitle 4) California Colorado (see Title 33, Articles 1 through 8) Connecticut- Title 26 Delaware- Title 7, see Chapters 1, 7, and 13 Florida (see...
Foreclosure
An Overview Contents:IntroductionDefaultTypes of ForeclosuresAcceleration ClausesMortgage-Backed SecuritiesSale of Foreclosed PropertyRight of RedemptionTimingRelated Topics
Introduction
Foreclosure is a catch-all term for the processes...
Impairs an Exemption
When a lien, in combination with other liens and the amount a debtor may claim as exempt, exceeds the value of property. For example, if a debtor's home is worth $200,000, the debtor is entitled to a $35,000 homestead exemption, and the home is subject...
Implied Authority
An agent's power to act on behalf of a principal, intentionally granted by the principal as a result of the principal's conduct, but without an express agreement. Failure to object after a prior exercise of such power may give rise to implied...
Implied Revocation of Wills
Implied revocation (or revocation by inconsistency) of a will occurs when the testator has a will, and then executes a new will that has no clause revoking the former will, and the new will is inconsistent with the former will. The inconsistency...
Implied Warranty of Habitability
Most jurisdictions read residential leases to include an implied warranty of habitability. This warranty requires landlords to keep their property "habitable," even if the lease does specifically require them to make repairs. Furthermore, the warranty...
Implied Warranty of Merchantability
Article 2 of the Uniform Commercial Code ("UCC") governs the sale of goods. According to UCC § 2-314, a warranty that the goods shall be merchantable is implied in a contract for their sale if the seller is a merchant with respect to goods of that...
Implied Warranty of Merchantability
A warranty implied by law that property is fit for the ordinary purpose for which it is used.
Improvement
As applies to real estate, any permanent structure or work (such as planting trees) on real property, which increases its value or extends its useful life. As defined by the IRS, an addition to or alteration of a capital asset, which either increases...
In Perpetuity
Forever -- for example, one may have the right to keep the profits from land in perpetuity.