Instructions: Identify the Following Terms

question 5

Short Answer

Instructions: Identify the following terms.
"hermit kingdom"

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Definitions:

Exclusive Ownership

The right to use, manage, and dispose of property without interference from others, ensuring complete control over the asset.

Joint Tenancy

A form of co-ownership where parties own property equally with rights of survivorship, meaning if one owner dies, the other automatically inherits the deceased owner's share.

Easement

A right to cross or otherwise use someone else's land for a specified purpose.

Leasehold

A possessory interest, but not an ownership interest, transferred by contract (lease).