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Personal Property Review.doc

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University of Alberta
Business Law
B LAW402
Elaine Geddes

PERSONAL PROPERTY 1. You should understand the nature of property as a bundle of rights (i.e. the rights you exercise with respect to a thing and not necessarily the thing itself). 2. You should be able to identify the most important elements in property (e.g. right of possession, right of use, right of sale). 3. You should understand that property rights can be divided among two or more people with each having rights although they need not be the identical rights, or be held in the same proportion or at the exact same time. 4. You should understand the great divisions in property law between real property and personal property, and the different rules and policies that apply to each. 5. You should understand some of the difficulties the law has in applying property concepts in the modern age to matters such as the human body, information, privacy etc. 6. You should understand the concept of possession and how possession is differentiated from custody and from ownership. You should appreciate the rights that follow up
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