Property Law Basics
True or False: No one is given unlimited rights to any of their properties.
True
What is Real Property?
The land and everything attached to the land.
What is a trademark?
A legally registered symbol, work, or mark sued for representing a company or product.
What are legal ways to acquire property?
Purchasing, Gift, Inheritance, Ownership by findings or occupancy
May the Force be with you.
Star Wars
What is the definition of property law?
Legal rules that apply to what a person or a business owns.
What is Personal Property?
Things that people own or possess that are not attached to the land, but are tangible and can be moved.
What is a copyright?
The way to protect artists, composers, or author's original work.
What is required for a valid gift?
Intent, delivery, acceptance
Life is like a box of chocolates, you never know what you're gonna get
Forrest Gump
What are the three categories property law is broken into?
Real Property, Personal Property, Intellectual Property
What is Intellectual Property?
Intangible work or invention of human intellect that the law protects from unauthorized use by others.
What is a patent?
A document that grants exclusive rights to na invention, from making, selling, and using.
How does inheritance play a role in acquiring property?
Legal formalities to obtain ownership of inherited property,.
I'll be back
The Terminator
What does tangible mean in property law?
A thing that is detectable by touch.
What are examples of Intellectual Property?
Trademark, Copyright, Patents, Trade Secrets
What are trade secrets?
Classified and confidential information within a company, illegal to share with competitors.
What are 2 illegal ways of acquiring property?
Blackmail, bribery, embezzlement, forgery, burglary, shoplifting.
I am inevitable
What does intangible mean in property law?
A type of property that has no physical form but can still be owned and transferred.
Where was the property law case located that we talked about one day. For example, there was a house involved and a person who refused to sell. Eventually, the house "mysteriously" burned down.
Detroit
How long does a copyright last?
The life of the author plus 70 years.
Eminent domain means the government can take private property for public use if the owner is paid "________."
Just compensation
Keep the change, ya filthy animal!
Home Alone