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📚 aw of Property 10 | Doctrine of Part Performance.
This podcast episode simplifies the Doctrine of Part Performance., making it easier for law students and enthusiasts to understand. Whether preparing for law exams, exploring legal studies, or enhancing your knowledge of Constitutional Law, this episode offers clear and valuable insights to guide your learning journey.

✍️ Essential Law Terms:
1. TermDefinitionPart PerformanceThe doctrine that allows a party to enforce an oral contract for the sale of land if they have partially performed their obligations under the agreement.
2. Specific PerformanceAn equitable remedy that compels a party to fulfill the terms of a contract, typically used when monetary damages are inadequate.
3. Lease DeedA legal document that grants possession and use of a property for a specified period in exchange for rent.Stamp DutyA tax levied on legal documents to validate them and render them enforceable in court.
4. Statute of LimitationsA law that sets the maximum time within which legal proceedings can be initiated.
5. TransfereeThe party who receives property or rights through a transfer.
6. TransferorThe party who conveys property or rights to another.
7. Equitable ReliefA remedy granted by a court based on principles of fairness and justice, often used when legal remedies are insufficient.
8. Ostensible OwnershipA situation where a person appears to be the owner of a property with the consent of the true owner, giving them the power to transfer it to a bona fide purchaser.
9. Bona Fide PurchaserA buyer who acquires property in good faith, for value, and without notice of any existing claims or defects in title.
10. Simple MortgageA mortgage where the mortgagor retains ownership but creates a charge on the property as security for the loan.
11. English MortgageA mortgage where the mortgagor transfers ownership to the mortgagee, subject to a proviso for re-transfer upon full repayment.
12. Mortgage MoneyThe principal amount of the loan, along with any accrued interest, that is secured by the mortgage.
13. ForeclosureA legal process that allows a mortgagee to take possession of a mortgaged property if the mortgagor defaults on repayment.
14. SubrogationThe substitution of one person or entity in the place of another with respect to a debt or legal claim.
15. EasementA non-possessory right to use another person's land for a specific purpose, such as a right of way.
16. Dominant HeritageThe property that benefits from an easement.
17. Servient HeritageThe property burdened by an easement.
18. PrescriptionThe acquisition of a right, such as an easement, through long and continuous use.
19. LicensePermission granted by the owner of a property for another to use it in a limited and revocable manner.


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LexTalks: Legal Topics Simplified is an AI-generated educational podcast designed to make foundational legal concepts accessible to beginners. Our goal is to provide clear, concise, and engaging overviews of key banking and financial law topics to support students in their legal studies.

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