Management and Organizational Studies 2275A/B Chapter Notes - Chapter 17-18: Whiteboard, Easement, Tim Hortons

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Property is a relationship between people with respect to things. Real property: real property is land and buildings and anything attached to them, real property is fixed and not moveable. Fixtures are goods that are attached to real property. Depends if real property or personal property. Depends on intentions to fix it (ex. whiteboard is intended to be permanent, bose player in class is intended to be personal property) Mortgager = person who is owing , mortgagee = bank ex, hvac on phil"s client"s building was not attached. Combination of: fee simple (apartment or unit) Personal property is everything that is not real property. A person who finds personal property has a right to claim it against anyone except the true owner. When someone"s property gets lost and someone finds it. Depends if found in public or private area. A bailment is when one person (the bailee) is in possession of goods that belong to another person (the bailor).