property_slides_08 - Business Law I Property Law Fall, 2008...

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Unformatted text preview: Business Law I Property Law Fall, 2008 PowerPoint Slides Slide 1 Forms of Personal Property Tangible assets Intangible assets Intellectual property Severed real property ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 2 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 3 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 ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Business Law I Property Law Fall, 2008 PowerPoint Slides Slide 4 Intellectual Property Patents Trademarks Copyrights Trade secrets ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 5 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 ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Slide 6 Other Personal Property Issues Telephone and cable TV service Living tissue and in vitro fertilization Hecht v. L.A. Superior Court [not in reading] Computers and electronic communication Hardware Software Data and information transmitted See Thyroff v. Nationwide Mutual Insurance Co. ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ ___________________________________ Business Law I Property Law Fall, 2008 PowerPoint Slides Slide 7 Bailments Temporary transfer of possession of personal property without transfer of title Bailor makes transfer...
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This note was uploaded on 03/09/2009 for the course NBA 5600 taught by Professor Grossman,dale during the Fall '08 term at Cornell University (Engineering School).

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property_slides_08 - Business Law I Property Law Fall, 2008...

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