LAW 201 Study Guide - Final Guide: Property Law, Fox Hunting, Easement
Document Summary
Bailment, licences, and leases (dividing title and possession) How to establish 1st possession? (peirson v post) Finder has better claim to all but the true owner (amory v delamirie) Even if the finder is a trespasser (bird v ft francis) Land (cid:862)real p(cid:396)ope(cid:396)t(cid:455)(cid:863) includes anything in the land, including buildings, minerals, etc. Personal property i. e. smartphones (tangible items) or (intangible items) i. e. Personal property i. e. smartphones (tangible items) or (intangible items) i. e. shares of a corporation. Use & enjoyment: not unlimited duties include not to injure others through careless use, rights of e(cid:454)(cid:272)lusio(cid:374): othe(cid:396)s (cid:373)a(cid:455) (cid:374)ot use the (cid:272)a(cid:396) (cid:449)ithout o(cid:449)(cid:374)e(cid:396)"s pe(cid:396)(cid:373)issio(cid:374) Exploitation: use to derive income i. e. uber, subject to regulations. Alienation: (cid:862)alie(cid:374)ate(cid:863) i(cid:374)te(cid:396)est (cid:271)(cid:455) sale o(cid:396) lease, also subject to regulations i. e. safety certificate. Property rights give the owners broad right of : 1)use and enjoyment, 2) exploitation, 3) alienation. Demonstrates limits of property rights over land.
