Management and Organizational Studies 2275A/B Lecture Notes - Lecture 6: Personal Property, Bailment, Fee Simple

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

Document Summary

Scandinavian countries that have very small distribution of income rank. Mitt romney - 21mil at 15% tax rate o o o high on other factors. Property: the relationship to others with respect to this (property) o. Much broader relationship than with contract or tort law. Property rights are asserted against everyone, not necessarily specific. Then you know where you stand in legal terms individuals. Only need to know what is said in lecture. Things are personal property if the degree of attachment is slight. Depends how permanently they are attached and how much damage to remove it. Lost the next best claim finders keepers not finders keepers. True owner has the best claim, finder has. Usually a contract, for example when shipping things reasonable person would have done. Standard of care is that of what a for the benefit of the bailee. Standard of care is higher when it is.