CASE ANALYSIS

Case Analysis

The case scenario

The case pertains to the property law; that includes illegal occupation of the property in the first case, whereas, the second situation pertains to the seizure of the property. In the first place, it is essential for an individual to keep a regular check of the properties and stack he owns. The case pertains to an individual named Barney, who lost his property due to illegal occupation, as well as, the seizure of the property owned by Barney, on account of his disregard about the property for ages. The paper encompasses of dealing with the case in terms of the property law.

Key terms

Joint tenants with right of survivorship

It is defined as “a type of brokerage account which is owned by at least two people, where, all tenants have an equal right to the assets of the account, and thus they are afforded survivorship rights in the event of another account holder”. It is explained as a type of brokerage of account; a survivor would inherit the entire value of other member's share due to the death of a member.

Lapsing of a will

It is an essential concept of a will; it deals with the transfer of the property in case of the death of the inheritor of the property prior to the death of the writer of the will. The term lapse is defined as “the act of cessation of a privilege due to the time or inaction”. The lapsing of a will occurs when the person who is going to be the inheritor of the assets dies prior to the maker of the will, and therefore, the property lapses to the writer of the will.

Adverse possession

It is a process that entails the change of the ownership by usage of the property for a particular period of time. It s defined as “the process by which premises can change ownership by using a property for a period time without paying any money for it”. It is a form of acquisition of property without paying a single penny for it. The phenomenon of adverse possession encompasses the acquisition of the property without the payment of the money.

Eminent Domain

It is defined as “the power to take property for use of public by the state”. States takes the properties that are usually not under the use of the owner for several years, whereas, ...