Management and Organizational Studies 2275A/B Chapter Notes - Chapter 17: Cn Marine, Entrust, Testator

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

Document Summary

Intro to forms of property (real, personal, and intangible) Understand the types of legal rights and obligations associated with property. What counts as property what (cid:272)an (cid:271)e (cid:862)owned(cid:863) So owners can protect their rights in relation to property: real property. Land and whatever is permanently affixed to it or part of it (cid:862)i(cid:373)(cid:373)o(cid:448)a(cid:271)le(cid:863) p(cid:396)ope(cid:396)t(cid:455) I. e. growing crop, buildings, mines, minerals, and the legal rights associated with these things. Asl own light fixtures, walls, parking lot, improvements to land. I. e. neighbouring property if contract was given to do so: personal property. I. e. goods or chattels are moveables: value comes from its physical form, personal property, value comes from its legal rights- various contractual and statutory rights, choses in action. I. e. insurance policies, accounts receivable, bank accounts, customer records, intellectual property. There is no comprehensive system for publicly registering title to personal property. While there is comprehensive system for publicly registering title with real property.