Management and Organizational Studies 2275A/B Chapter Notes - Chapter 17: Intangible Property, Tangible Property, Property Law

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

Document Summary

Property is a relationship between people with respect to things that can be owned. Property law consists of rules and laws that governs this relationship. Allows people to invoke the state"s assistant to restrict other"s liberty in respect to things. Real property: land and buildings and anything permanently attached to them. Each province operates a comprehensive system for publicly registering title to land. I. e. growing crop would constitute real property until it is harvested and legal interests related. Personal property: everything that isn"t real property. Intangible property value comes from legal rights. Fixtures: goods that are attached to real property. Tangible property concrete or material, the value comes from its physical form. A person who finds personal property has a right to claim it against everyone except. If you"re disputing the claim against the true owner, you"ll lose; the owner has more. If you find something on my property, it"s.