ACCTG 1 Lecture Notes - Lecture 11: Property Law, Ancient Germanic Law, Overfishing
Document Summary
Pertain to something: the object of the right, tangible (tastbaar) or intangible. Personal or relative rights > against a person (seller/damager of a product and the buyer/owner) Absolute rights -> not against particular person (claim/copyright) = absolute rights are called property rights and property law is the branch. (only tangible objects are discussed) Erga omnes: property rights are rights against everyone, (different form fe contract law, which is one party against the other). > consequence is droit de suite: if the object falls in the hands of another, the right holder can exercise against that person. How are the dynamics of property rights? (transferring, termination) Theoretical: -property rights facilitate the freedom of ownership: property can change owners in a free market. Economical: -tragedy of the commons: shared property leads to destroying property (overfishing, pollution) 3- property rights in civil law and comon law. Civil and common law systems differ in property law.
