Introduction to property law

Introduction to property law

Property law:

Property law basically handles possession and ownership. Real property which is also commonly known as ‘real estate’ refers to ownership of the land and the things related to it. Personal property refers to everything else; Movable goods, such as computers, cars, jewelry, or intangible rights, such as stocks and shares. A right in rem is basically a right to a specific piece of property, odd to a right in personam which helps in the compensation for a loss, but it is not a particularly big thing.

Land law

Land law forms the basis of most types of property law and is one of the most complex. It deals with a mortgage, rental agreement, license, contract, easement, and statutory system for land registration. The rules and regulations that are made for the systematic use of personal property come under intellectual property, trusts, company law, and commercial law. The Armory v Delamirie [1722] is one example of the basic case of most property law. A boy of Chimney Sweeper found a piece of jewelry on which several precious stones were encrusted. He took that jewel piece to a goldsmith to get the money instead of it. The goldsmith’s apprentice saw it, secretly removed the stones, told the boy that it cost three and a half paise and that he would buy it. The boy said that instead of selling the jewel he want it back, so the apprentice gave it to him, but without the stones. The boy then filed a legal case against the goldsmith for his apprentice’s attempt to cheat him. Lord Chief Justice Pratt ruled that even though the boy cannot be said to be the owner of the jewel, he must be considered the rightful keeper («discoverer») until the original owner is found. One can get the details about the houston immigration attorney and the visa l1 usa by visiting the mejores abogados de inmigracion en houston tx.

In reality, both the apprentice and the boy had the legal right of ownership on that piece of jewel (a technical concept, meaning evidence that something could belong to someone), but the possessory interest of the boy was given priority because it could be shown to be first in time. Rights may be nine-tenths of the law, but not all.

The case is used to support the view of property in common law jurisdiction, that the person who can best show a claim on a piece of property against a competing party is the owner.

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