[LAW 603] - Midterm Exam Guide - Ultimate 10 pages long Study Guide!
6 Feb 2017
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Real property is immoveable, its permanent, and personal property is moveable, transitory. Tangible property is something that can touched, its goods o(cid:396) (cid:272)hattels a(cid:374)d i(cid:374)ta(cid:374)gi(cid:271)le p(cid:396)ope(cid:396)t(cid:455) is a thi(cid:374)g that (cid:272)a(cid:374)"t (cid:271)e touched like you may hold a cheque but not the rights that the paper represents. Acquired through the intent of one or more people. Things may be lost, can be yours to keep. If you find something and decide to keep it you have rights that are effective against everyone except the true owner can be sued in tort. Do not last forever, if you rent a book to a classmate you cannot enjoy the right o immediate possession. Your rights will exist if the book is lost or stolen but its different if you abandon the text with intent of giving up control. Rights can disappear if your personal property becomes attached or mixed with other chattels.
