1. Defining Property Flashcards
What are Blackstone’s 2 types of property?
Real Property & Personal Property
Real Property is divided into Corporeal & Incorporeal hereditaments. What’s a hereditament & what’s the difference?
Hereditaments = interests which can pass through rules of succession Corporeal = physical manifestation of control (eg possession) Incorporeal = exist through actions not physicality (eg easements)
Define Interest
Bundle of rights in object
Define Real Property & how were they historically defined
Interests in Land
Historically only land recoverable through writs system
Name 3 types of Personal Property
- Chattels Real (leases, other non recoverable land interests)
- Chose in Possession (moveable corporeal thing eg goods)
- Chose in Action (moveable incorporeal thing eg shares)
There is no universal definition of ownership, but it contains subsidiary rights. What are some of those?
- Exclusive enjoyment
- Right to destroy, alienate, alter
- Right to maintain, resume, recover possession
Ownership can be limited by other rights but is not dependent on other rights
What’s more important and why - ownership or possession
possession - historically ownership was difficult to prove (lack of documentation)
ownership more relevant now through deeds, torrens system
Define Title and list 2 systems of title
Title is a measure of the strength of an interest
2 types are Old title system, now mostly replaced by Torrens system
There is no universal definition of possession, but how can we describe it
relationship b/w person and object arising through factual situation. Possession is built around social construction
Name 2 elements of possession
- control (corpus possessonis) - exercise of power
2. intention (amimus possidendi) - mentality of denying rights of others to possess
Name the 7 characteristics of property (PEEDDAD)
- Possession
- Exclusion
- Enjoyment/Use
- Definable/Identifiable
- Durable
- Asssignable/Transferable
- Dominion (in rem)
Name the 5 metaprinciples
- Indigenous /Non-Indigenous land rights
- ‘Real’ property rights in rem /rights in personam
- Limited number of land rights
- Interests (Private & Public)
- Transfers (Consensual & non consensual)