Law 2101 Study Guide - Final Guide: Glyphosate, Percy Schmeiser, Fiduciary

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Property is the relationship between people with respect to things: we want to known what we can do with that property and not get in trouble as a result. Talks about what rights you have in respect to your things. The relationship between people: whe(cid:374) (cid:455)ou ha(cid:448)e a propert(cid:455) i(cid:374)terest i(cid:374) so(cid:373)ethi(cid:374)g, (cid:455)ou do(cid:374)(cid:859)t just sa(cid:455) it to o(cid:374)e person you are saying it publicly (broad relationship) Property rights are not absolute they are always relative: your interest in a property is depe(cid:374)de(cid:374)t o(cid:374) (cid:449)ho(cid:859)s aski(cid:374)g. Types of property: real property, personal property. Land and buildings and anything attached to them. Easements: cannot do anything about this, ex: union has a pipe going through your back yard. Licenses: allows someone to come onto property for the purpose of making a profit, ex: own an apple orchard, and you allow someone onto it to take the apples. It must be clear who benefits from it if not, it is not enforceable.