Under the Louisiana Civil Code, the term used to describe what common-law states call 'real property' is:
Correct Answer
C) Immovable property
Under Louisiana Civil Code Art. 462, land and its component parts are classified as 'immovable property.' This is the Louisiana Civil Code equivalent of what common-law states call 'real property.' Louisiana's civilian law system uses the movable/immovable distinction rather than the personal/real property distinction used in common-law states.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
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