week 1 Flashcards
What are the defining characteristics of property?
A relationship involving rights of excludability and transferability.
How does something become property?
Property is a social construct
- Economic, social, political, moral, cultural justifications / contraints.
What are the two types of property?
- Real property (realty)
- personal property (personality)
What is real property?
Realty - land, houses
What is personal property?
Tangable chattels (goods) and intangable property
What is the Nemo dat quod non habet (Nemo dat) principle?
Nobody can give what they do not have.
- A person’s title to a chattel depends on the title of the person from whom they got it.
How many people can have rights in property of one chattel?
Multiple people can have distinct proprietary rights in the same thing at the same time.
What is an example of multiple people may have distinct proprietary rights in the same thing?
- Landlord/lessee
- Ann’s VW
Are ownership and posession the same thing?
NO! They are very distinct.
What are the three key property torts?
- Trespass
- Conversion
- Detinue
Who are proprietary rights good against?
Proprietary rights are good against strangers
Who are personal rights good against?
Personal rights are good against parties
What are property torts used for?
A way to obtain redress for unlawful interferences with chattels that are grounded in concepts of possession rather than ownership
What is trespass?
Unlawful interference with possession
What is possession?
- Physical control
+ - Intent/the right to exclude others