Management and Organizational Studies 2275A/B Lecture Notes - Lecture 8: Registered Mail, Bailment, Fee Simple

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

Document Summary

Property is a relaionship between people with respect to things. Not as a narrow legal relaionship as tort or contract law. Personal law involves: who has rights to the property, what rights do they have. Real property: fixed and not movable, fixture. Goods that are atached to real property. Damage on removal: land and building and everything atached to them, example: a house, possessory interests in land. Gives someone the possession for the life ime. Possess under lease: non possessory interests in land. A right to get on land to make a proit. Must be negaive (not to do something) Homeowner give the interest in the house to the bank: joint tenancy vs. Personal property: everything that is not real property, tangible. A person who inds personal property has a right to claim it against anyone except the true owner. Only under public property, or private property that is public accessible.