MARKET 1 Lecture Notes - Lecture 35: Erga Omnes, Droit De Suite, Land Law
Document Summary
5. 3 property rights in civil law and common law. He has factual control over what he stole, but he is not the owner. There are no different degrees in ownership: exception: co-ownership, more than one person holding the single right of ownership. In common law, property law has the following characteristics: there are two subsystems, common law in the narrow sense. There is are two divisions: land law, immovable objects, such as land, feudal system: english land law is still a feudal system with its own terminology that has developed and been standardized over time. Thus, the queen is owner of all land: property act (1925): with this act, the legislature sought to limit and standardise the available property rights in respect to land. Thomas hold title to a book, but andy claims to have a better title. 5. 4 primary rights to use and for security.
