Contracts
In Louisiana, the term 'immovable property' is equivalent to:
APersonal property
BReal property (land and improvements)✓ Correct
CLeasehold interests
DFixtures only
Explanation
Under Louisiana Civil Law, 'immovable property' is the term used for real property — land and permanently attached improvements. 'Movable property' is the equivalent of personal property.
People Also Study
Related Louisiana Questions
- Under Louisiana Civil Law, contracts for the sale of immovable property must be in writing. This requirement is known as:Contracts
- Which of the following is a 'personal servitude' under Louisiana Civil Law?Property Ownership
- Which of the following best describes 'immovable property' under Louisiana Civil Law?Property Ownership
- In Louisiana, the term 'expropriation' is equivalent to which common law term?Land Use & Zoning
- Louisiana's Civil Code recognizes which types of personal servitudes?Property Ownership
- In Louisiana's Civil Law, a 'donation inter vivos' of immovable property must be:Property Ownership
- In Louisiana, which of the following documents is used to transfer ownership of immovable property from a deceased person's estate to heirs?Escrow & Title
- In Louisiana, a contract for the sale of immovable property (real estate) must be made by:Contracts
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →