TAILIEUCHUNG - Ebook The legal environment of business (7th edition): Part 2
(BQ) Part 2 book "The legal environment of business" has contents: Intellectual property, the law of administrative agencies, employment discrimination, environmental law, antitrust laws, rules governing the issuance and trading of securities | 14 Law of Property: Real and Personal REAL PROPERTY INTERESTS IN REAL PROPERTY VOLUNTARY TRANSFER OF REAL PROPERTY INVOLUNTARY TRANSFER OF REAL PROPERTY RESTRICTIONS ON LAND USE PERSONAL PROPERTY GLOBAL DIMENSIONS OF PROPERTY LAW property A bundle of rights, in relation to others, to possess, use, and dispose of a tangible or intangible object. 372 hen people hear the word property, they generally think of physical objects: land, houses, cars. Property, however, is a bundle of rights and interests in relation to other persons with reference to a tangible or intangible object (Exhibit 14-1). The essence of the concept of property is that the state provides the mechanism to allow the owner to exclude other people. By virtue of this right, persons with great amounts of property have an especially significant amount of power. Because possessing property facilitates the acquisition of even more property, the identification of those who possess a disproportionate amount of property rights provides insight into the dynamics of influence and authority in our society. Property rights are not the same in every society, nor are they static. While reading this chapter, think about how property rights could be different and what impact that difference would have both on the legal environment of business and on society as a whole. Because different types of property give their owners different rights, and because different bodies of law govern different types of property, we will discuss the three primary types of property in two separate chapters. Initially, this chapter focuses on real property, that is, land and anything permanently attached to it. The second half discusses personal property, both tangible (capable of being detected by the senses) and intangible (incapable of being detected by the senses). Chapter 15 shifts the focus to intellectual property, that is, things created primarily by mental rather than physical processes. W CHAPTER 14 ᭜ Law .
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