Management and Organizational Studies 2275A/B Study Guide - Final Guide: Bailment, Personal Property, Intangible Property

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

Document Summary

Property law consists of rules and laws that govern our relationship with things that can be owned. Defining property: what the law counts as property is considerably broader than physical things that can be held or touched. Property is a relationship between people with respect to things. In a legal sense we distinguish between property and things. Property law talks about the rights and obligations people have to things. Property claim means you can have the states help to resist other peoples liberty in respect to things. Real property: land and whatever is permanently affixed to it or part of it, such as buildings, mines and minerals and the legal rights associated with those things. Property and buildings and anything attached to that. Personal property: all property, other than land and what is attached to it. It falls into two main categories tangible and intangible property.