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tangible property

law
Also known as: corporeal property

Learn about this topic in these articles:

property law

  • In property

    …with respect to (at least) tangible things. The extraordinary diversity of the property systems of non-Western societies, however, suggests that any concept of property other than the descriptive one is dependent on the culture in which it is found. Because property law deals with the allocation, use, and transfer of…

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  • Hugo Grotius
    In property law

    ” The things may be tangible, such as land or a factory or a diamond ring, or they may be intangible, such as stocks and bonds or a bank account. Property law, then, deals with the allocation, use, and transfer of wealth and the objects of wealth. As such, it…

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  • Hugo Grotius
    In property law: Possession of tangible things

    Possession of a tangible thing is, at least in the West, a concept that antedates conscious thought about law. Possession is a fact, the Roman jurists said, formed of an intention and a thing (animus et corpus). The thing was basically anything that…

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movable and immovable, in later Roman and modern civil-law systems, the basic division of things subject to ownership. In general, the distinction rests on ordinary conceptions of physical mobility: immovables would be such things as land or buildings, which are thought to be stationary in space; movables would be such things as cattle or personal belongings, which can either move themselves or be moved in space. The definition is by no means rigid, however; the law may be so written as to place a specified thing in one category or the other for the sake of legal convenience or utility, even though the thing may seem illogically categorized in the layman’s mind. Thus, in French law, standing crops are movables; farm implements and animals are immovables (largely because they are thought to serve the land and be components of it). In German law, the distinction is somewhat clearer: immovables are tracts of land and their component parts; movables are everything else. In the Anglo-American common-law system, there exists a similar distinction between real (immovable) and personal (movable) property.