BUSI 2601 Lecture Notes - Lecture 8: Software, Easement, Title Search

• School: Carleton University
• Department: Business
• Course: BUSI 2601
• Professor: Sam Schwisberg

Document Summary

Real property refers to land and property affixed to it, for example, a house *exam question. The quebec civil code deal with the distinction much the same as the common law, but refers to the two t(cid:455)pes of p(cid:396)ope(cid:396)t(cid:455) as (cid:862)(cid:373)o(cid:448)ea(cid:271)le a(cid:374)d i(cid:373)(cid:373)o(cid:448)ea(cid:271)le(cid:863) Tangible you can touch and feel it. Intangible: legal rights that have value such as insurance polices, patents, trademarks, accounts (cid:396)e(cid:272)ei(cid:448)a(cid:271)le et(cid:272) Ownership through purchase, gift or inheritance. Bailment the owner (the bailor) grants another person (the bailee) the right to use the personal property in certain ways in accordance with the contract of bailment. Limiting liability through standard for agreements is common in the storage industry. Note that the fi(cid:396)st th(cid:396)ee e(cid:454)a(cid:373)ples he(cid:396)e a(cid:396)e (cid:862)(cid:271)ail(cid:373)e(cid:374)ts fo(cid:396) (cid:448)alue(cid:863) (cid:449)hile the fou(cid:396)th is a (cid:862)g(cid:396)atuitous. If you own personal property, you can use it as security to borrow money. I(cid:374) o(cid:374)ta(cid:396)io, the go(cid:448)e(cid:396)(cid:374)i(cid:374)g statute is the pe(cid:396)so(cid:374)al p(cid:396)ope(cid:396)t(cid:455) e(cid:272)u(cid:396)it(cid:455) a(cid:272)t (cid:894)(cid:862)pp a(cid:863)(cid:895)