Контрольная работа №2. Выполните следующие задания

Вариант 5

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Text A. LAND LAW

In most legal systems a distinction is made between land and other kinds of property. Sometimes land is called real estate in contrast to personal estate or immovable assets in contrast to movable assets such as furniture and vehicles. In this chapter "land" refers not only to a piece of ground, but to any buildings upon it.

All over the world people think of land as the most important form of property. A subsistence farmer in a developing country needs a secure right to use a piece of land in order to grow food for his family. A city dweller needs shelter from cold and heat and theft. Many people spend all their working lives paying installments on a house or apartment so that they will own the place in which they live when they stop work and will have something of value to pass on to their children.

Of course, it is business property—shops, factories, offices, hotels—that is the most valuable land of all. In 1993 Just one square meter of commercial land in Hong Kong was valued at around US$20. Land is not just a site for dwellings or workplaces, but a commodity which can be sold, rented out or used as security in order to borrow money which can be used to buy shares or to buy other pieces of land.


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