BUSI 2601 Lecture Notes - Lecture 8: Patent Attorney, Bailment, Digital Economy
Real property refers to land and property affixed to it, for example, a house. The quebec civil code deal with the distinction much the same as the common law, (cid:271)ut (cid:396)efe(cid:396)s to the t(cid:449)o 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) 2 types of personal property: tangible: you can touch and feel it. These a(cid:396)e ofte(cid:374) (cid:272)alled (cid:862)(cid:272)hattels(cid:863: intangible: legal rights that have value such as insurance polices, patents, trademarks, a(cid:272)(cid:272)ou(cid:374)ts (cid:396)e(cid:272)ei(cid:448)a(cid:271)le et(cid:272) Two way to possess personal property: 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. Note bailment arises only in respect of personal property. Patents: a novel way of doing things or an invention may be protected by patent. Patents are often sought in the fields of electronics, chemistry, engineering, pharmaceuticals and other areas of applied science.