Classnotes Personal Property

Classnotes Personal Property - Personal Property Dont...

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Personal Property Don’t confuse property ownership rights with the physical resources themselves. There are different ways to describe and distinguish types of property. Real vs. Personal Property Real Property: Personal Property: everything else Internal vs. External Property Internal Property External Property Mind/personality land Thoughts/ideas money Affections possessions Conscience health Talents, opinions freedom of speech, religion, etc. Definition of personal property Personal property is property that consists of tangible property, such as automobiles, furniture, and jewelry, and intangible property, such as securities, patents, and copyrights.
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Methods of acquiring ownership in personal property There are a number of ways to acquire ownership in personal property: Taking possession. Purchasing or producing property. Receiving a gift. Receiving by will or inheritance.
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Classnotes Personal Property - Personal Property Dont...

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