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And these questions for law of commerce

Ii. Wily is the distinction important? Question Eleven Distinguish between a real property and personal property; define an estate in fee simple anda life estate; explain the importance of dower; explain the difference between a reversionary interest and a remainder; define a leasehold estate; describe the importance of exclusive possession in an estate; define the requirements for an easement; explain how lesser interests run with the land; define a right of way, a licence and a profit prendre; explain how an easement may be created; explain when a restrictive covenant runs with the land. Question Twelve Define a mortgage; distinguish the two operations that occur in a mortgag gage; distinguish the two operations that occur in a mortgage; explain the of redemption to the mortgagor and of the right of foreclosure to the importance of the equity mortgagee; explain the four rights of the mortgagee upon default by the mortgagor, explain the four rights of the mortgagor upon default; explain how a second mortgage functions. What is meant by mortgage, equity of redemption, foreclosure, and power of sale? Explain the importance of registration and priority