LAW 603 Lecture Notes - Lecture 11: Not Fair, Co-Insurance, No Charge
11 Dec 2016
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Chapter 17 personal property: bailment and insurance. Two types of property: real property immoveable things; for example: land, personal property moveable thigs; for example: dogs and cats. Tangible a thing that can be touched. For example: cars, goods, chattels, chose in possession things that you can possess. Intangible a thing that cannot be touched. Rights acquired through intention: intention of two parties (sale) bookseller intended to transfer ownership in exchange for a payment of money, intention of one party (finder) Finder generally obtains rights effective against all except the true owner; finders keepers. Rights may be acquired through creation: create entirely new property. For example: copyright, sculpture author enjoys copyright as a result of writing a new book: create new property though old art. Test: must give it back to real owner or you can actually keep it. Court the occupier is entitled to property if found in an area where british airways controlled/owned.
