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URL:https://www.learndesk.us/class/6620336978132992/lesson/205479f603a4c324191aa657e6c3d616?ref=outlook-calendar
SUMMARY:Real versus Personal Property
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6620336978132992/lesson/205479f603a4c324191aa657e6c3d616?ref=outlook-calendar
DESCRIPTION: 
Property essentials
Fixtures
Differentiation criteria
Trade fixtures
Emblements
Factory-built housing
Conversion

Property essentials
In common understanding, the property is something that is owned by someone. A car is the property of Bill Brown if Bill Brown owns the car. If the item is not owned, it is not property. For example, if a car is abandoned and left to rust in the desert, the car is no longer property, since no one claims ownership. Similarly, the planet Jupiter is not property, since no one owns it.
From a more technical standpoint, the property is not only the item that is owned but also a set of rights to the item enjoyed by the owner. These rights are commonly known as the "bundle of rights," explained further below.
In owning property, one has the right to possess and use it as the law allows. The owner has the right to transfer ownership of the item (sell, rent, donate, assign, or bequeath). The owner may also encumber the item by mortgaging it as collateral for...

https://www.learndesk.us/class/6620336978132992/lesson/205479f603a4c324191aa657e6c3d616?ref=outlook-calendar
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