BUS 393 Lecture Notes - Lecture 8: Personal Property, Easement, Concurrent Estate

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 393
• Professor: Colin Hawes

Document Summary

Real property: land and things permanently attached to land, immovable and fixed. Right only to own property which is able to be used and occupied, crown has mineral, gas rights. Chattels: tangible personal property, objects that can be measured and weighed. Chose in action: intangible personal property, such as claim for debt, bonds, share certificates, bonds, negotiable instruments. Intellectual property: property which is ideas and creative work. Copyright: gives an author control over the use and reproduction of his work. Patent: give an inventor the right to profit from his invention. Trade-marks: protect the name or logo of a business. Trade secret: confidential information which gives businesses a competing advantage. Industrial designs: protect the distinctive shape or design of an object. Estate in land: right to uninterrupted land for a period of time. Fee simple: grants holder an infinite right to use or sell the land, can be inherited.