This preview shows page 1. Sign up to view the full content.
Unformatted text preview: hip in an object. (See Chapter 22, which dealt with sale of
goods legislation and the passing of property, and hence risk, to the buyer.)
In this chapter, the term ‘property’ is applied to ownership (title) or the rights pertaining to ownership in land. It can be absolute, where one party has complete ownership of an object, or it can be broken
up into a number of parts, where more than one party is involved. For example, in the lease of land, there
is a lessor (who may own the fee simple) and a lessee (who owns a leasehold interest), both of whom
will have some form of property rights. The lessor may have the freehold rights, while the lessee has a
leasehold interest, but both rights can be sold like any other property. BUSINESS ORGANISATIONS AND THE LAW PART 6 850 This chapter begins by considering the distinction between property and possession, and then
moves on to the distinction between personalty (personal property) and realty (real property),
what is the extent of land, interests in land, the methods by which land ownership is established
and what a mortgage is, and concludes with an examination of the remedie...
View Full Document
This document was uploaded on 04/23/2012.
- Three '12