Management and Organizational Studies 2275A/B Lecture Notes - Lecture 5: Personal Property, Bailment, Intangible Property

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

Document Summary

This first chapter on the law of property is intended to introduce some general concepts as well as address issues that relate to all forms of property (real, personal and intangible), such as: How does the law deal with special situations where one person has. Understand the types of legal rights and obligations associated with property. Land and whatever is permanently affixed to it or. All property, other than land and what is attached part of it. to land. Personal property that is moveable, the value of which comes from its physical form. Personal property, the value of which comes from legal rights. Real property is sometimes referred to as (cid:498)immovable(cid:499) property. A growing crop would be an example of real property. Personal property is portable, so it is more difficult to track than real property, which cannot be moved. Some examples of personal property are cars, office supplies, trade secrets, and accounts receivable.