Management and Organizational Studies 2275A/B Lecture Notes - Lecture 7: Fee Simple, Property Law, Economic System

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

Document Summary

When talking about property law, we"re talking about who gets the stuff . Going to be subject to some opinion/debate. Economic system which focuses on property capitalism = based on ownership of capital (property) If goal is to produce successful societies, doesn"t look like american model is working: may not be cause and effect, but statistics aren"t easily dismissed. Legitimate question to ask: the laws that we have, are they good laws and are they likely to produce the kind of society we want? (cid:1) (cid:1) (cid:1) (cid:1) Property is a relationship between people w/ respect to things. Real property: land and buildings and anything attached to them: fixed and not moveable. Personal property: everything that"s not real property: tangible or intangible. Fixtures: goods that are attached to real property: 2 questions to determine if fixture of real property or personal property: How much damage would be caused by their removal: eg: desk attached to classroom vs speakers in classroom.