OVERVIEW

Question 1

Provide a definition of property

Answer 1

Section 2(1) Conveyancing Act 1881
Includes real and personal property

Black’s Law Dictionary
Anything which is the subject of ownership

Question 2

What is real property?

Answer 2

Property that is immoveable e.g. land

Question 3

What is personal property?

Answer 3

Property that is moveable e.g. possession/chattels

Question 4

What is the general jurisdiction for property?

Answer 4

The Federal Republic of Nigeria

Question 5

What is legal interest in land?

Answer 5

Interest acquired by deed

Question 6

What is equitable interest in land?

Answer 6

Interest acquired by virtue of valuable consideration provided

Question 7

What are the three practice law jurisdiction in relation to property law and where do they apply?

Answer 7

1. The Conveyancing Act 1881
   Northern & Eastern States
2. The Property & Conveyancing Law 1959
   Osun, Ogun, Ondo, Oyo, Ekiti, Edo , Delta
3. The Land Registration Law of Lagos State
   Lagos State Only

Question 8

What is a Lease(hold)?

Answer 8

Exclusive right to possess, use and enjoy property for a term of years.
Tenancy = 3 years or less
Lease = Over 3 years

Question 9

List 5 Applicable Laws to Property Law practice

Answer 9

Any 5 from the following:

1. Land Use Act 1978
2. CFRN 1999
3. PCL 1959
4. Registration of Title Law of Lagos State 2004
5. Illiterate Protection Laws
6. Stamp Duties Act 2004
7. Companies and Allied Matters Act 2004
8. Wills Law
9. Wills Act
10. CA 1881
11. Administration of Estate Law
12. Tenancy Law of Lagos State 2011
13. Statute of Fraud Act 1677
14. Land Registration Law of Lagos State 2014