LAW 603 Study Guide - Bailment, Common Carrier, Consignor
16 Apr 2014
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Chapter 17: personal property: bailment and insurance: real property is immoveable & personal property is moveable. Can"t carry a piece of land around w. you, but can take a cat/car 4m one place to the next. Real property is usually perm, whereas personal property tends to be transitory. Diff owners will come & go, but a particular piece of land will always exist. Cats & cars come into the world through birth & manufacture & pass away through death & destruction. Acquiring personal property rights: through the intention of 1+ ppl. Example: bought the textbook, bookseller intended to transfer ownership in exchange 4 a pmt of $. Same for renting, rights again arise 4m a contractual arrangement. Major diff btwn purchasing & renting is that u get a smaller package of rights when you rent: not always by contract; gift, can get rights alone. Example fox that is running wild/intentionally abandoned bike by the side of the road.
