16467 Lecture Notes - Lecture 6: Chattel Mortgage, Securities Act Of 1933, Security Interest
Document Summary
Overview: classification, identifying a legal/equitable interest in property", dealings in land/real property. 2) property/"proprietary" rights to something: rights of ownership, rights of possession. Property rights deal with the relationship between an individual and a thing and the effect of that relationship on the world at large. The word property is often used to refer to something that belongs to another property" does not refer to a thing; it is a description of a legal relationship with a thing. It refers to a degree of power that is recognised in law as power permissibly exercised over the thing. The concept of property" may be elusive. (yanner v eaton (1999) 201 clr 351) Universal: enforce your property rights against the world. Transferability: the right to transfer your property through way of assignment. 2 co-existing systems of classification of property. Personal property securities act 2009 (cth) classification. Ppsa classification of property under the personal property securities act (2009) cth.
