MCS 3040 Chapter Notes - Chapter 17: Canlii, High Standard Manufacturing Company, Entrust

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Andrew Mac Dougall

Document Summary

Land and whatever is permanently affixed to it or part of it. All property, other than land and what is attached to land. Personal property that is moveable, the value of which comes from its physical form. Personal property, the value of which comes from legal rights (cid:28645)(cid:28664)(cid:28660)(cid:28671) (cid:28675)(cid:28677)(cid:28674)(cid:28675)(cid:28664)(cid:28677)(cid:28679)(cid:28684) (cid:28668)(cid:28678) (cid:28678)(cid:28674)(cid:28672)(cid:28664)(cid:28679)(cid:28668)(cid:28672)(cid:28664)(cid:28678) (cid:28677)(cid:28664)(cid:28665)(cid:28664)(cid:28677)(cid:28677)(cid:28664)(cid:28663) (cid:28679)(cid:28674) (cid:28660)(cid:28678) (cid:28705)(cid:28668)(cid:28672)(cid:28672)(cid:28674)(cid:28681)(cid:28660)(cid:28661)(cid:28671)(cid:28664)(cid:28706) (cid:28675)(cid:28677)(cid:28674)(cid:28675)(cid:28664)(cid:28677)(cid:28679)(cid:28684). A (cid:28666)(cid:28677)(cid:28674)(cid:28682)(cid:28668)(cid:28673)(cid:28666) (cid:28662)(cid:28677)(cid:28674)(cid:28675) (cid:28682)(cid:28674)(cid:28680)(cid:28671)(cid:28663) (cid:28661)(cid:28664) (cid:28660)(cid:28673) (cid:28664)(cid:28683)(cid:28660)(cid:28672)(cid:28675)(cid:28671)(cid:28664) of real property. Personal property is portable, so it is more difficult to track than real property which cannot be moved. Some examples of personal property are cars, office supplies, trade secrets, and accounts receivable. There is no comprehensive system for publicly registering title to personal property as there is with real property. There are some specialized registries for items such as motor vehicles, patents, and trademarks. There are different reasons for the lack of a registering system for personal property.