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Questions and Answers
What does a legal assignment agreement typically involve?
What does a legal assignment agreement typically involve?
- Transferring possession rights to another party (correct)
- Selling the property to a third party
- Abandoning possession rights
- Sharing possession rights with another party
In what situation does destruction by total loss occur?
In what situation does destruction by total loss occur?
- When property is well-maintained
- When property is sold
- When property becomes unusable or inaccessible (correct)
- When property is upgraded
According to Article 555 of the new Civil Code, when does a possessor lose possession de facto?
According to Article 555 of the new Civil Code, when does a possessor lose possession de facto?
- After 10 years of another's possession
- After 5 years of another's possession
- After 1 year of another's possession (correct)
- After 15 years of another's possession
How can recovery by a lawful owner or possessor be defined?
How can recovery by a lawful owner or possessor be defined?
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What happens when possession rights are transferred through a formal assignment agreement?
What happens when possession rights are transferred through a formal assignment agreement?
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In the context of destruction, what leads to total loss?
In the context of destruction, what leads to total loss?
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When does a possessor actually lose his real right of possession according to Article 555?
When does a possessor actually lose his real right of possession according to Article 555?
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What can be inferred about recovery by a lawful owner or possessor?
What can be inferred about recovery by a lawful owner or possessor?
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