property_slides_Notes

property_slides_Notes - Business Law I Property Law Fall...

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Unformatted text preview: Business Law I Property Law Fall, 2007 PowerPoint Slides Slide 1 ANNOUNCEMENTS ◆ Reading for Monday: Text 1011-1016; Cases: 109-113 ◆ Please be sure to bring the green map from the course packet to class next Wednesday. ◆ Is your cell phone silent? ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 2 Property Law ◆ Forms of personal property ◆ Bailments and documents of title ◆ Forms of real property ◆ Rights of real property owners ◆ Limitations on property rights ◆ Liability of real property owners ◆ Acquiring property ◆ Forms of property ownership ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 3 Forms of Personal Property ◆ Tangible assets ◆ Intangible assets ◆ Intellectual property ◆ Severed real property ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Business Law I Property Law Fall, 2007 PowerPoint Slides Slide 4 Tangible Assets ◆ Most obvious form of personal property ◆ Major problem area: animals – UCC Article 2 goods – UCC Article 9 not as clear -- secured transactions ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 5 Intangible Assets ◆ Choses in action ◆ Rights of ownership ◆ Contract rights ◆ Usually represented by a document – Lease – Promissory note – Stock certificate – Warehouse receipt or bill of lading ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 6 Intellectual Property ◆ Patents ◆ Trademarks ◆ Copyrights ◆ Trade secrets ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Business Law I Property Law Fall, 2007 PowerPoint Slides Slide 7 Severed Realty ◆ If intentionally severed, becomes personal property ◆ Transfer of rights in unsevered real property – Timber, oil, gas or minerals – Other forms of realty – Fructus industriales » Growing crops planted or harvested annually...
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property_slides_Notes - Business Law I Property Law Fall...

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