Property: Personal, Real, and Intellectual
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Eminent Domain | 1. taking of land 2. just compensation 3. historically taken for use of utilities
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| Lost Property | 1. Abandoned - finder keepers 2. Lost - Finder must return to owner 3. Mislaid - finder must care for property
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| Bailment | giving of personal property to another with agreement to return it 1. sole benefit of giver 2. sole benefit of receiver 3. mutual benefit
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| Fee Simple | entire bundle of rights
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| Life Estate | own rights to use and possess for lifetime
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| Easement Grant/License | to traverse or allow access
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| Joint Ownership | 1. community property - 1/2 ownership 2. tenancy in common - passes to heirs 3. Joint tenancy - interest passes to another owner upon deathif sold changes to tanancy in common.
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| Intellectual Property | Copyrights; Patents; Trademarks; and Trade Secrets
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| Copyright | the right to control the copies that are made: must be able to perceive it (see/hear it. Could last up to 70 years post-death
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| Examples of Copyrights | literary works; advertisements; magazines; written papers; music; movies; dances; art
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| Trademark | identifying marks; color scheme; or design (trade dress)
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| Elements of a legal Trademark | Must be distinctive; or have a secondary meaning of public recognition.
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| Trade Secrets | Protected under common law; must be info not generally known and have commercial value
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| Property | Anything that may be owned; whether it is intangible or tangible; is property.
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| Personal Property | movable property; interests less than complete ownership in land or rights to money. Typical examples of this would be from something as small as a pen to larger purchases such as a car.
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| Real Property | land and the buildings attached to it; forests and undeveloped land that one can possess.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
heather.bradshaw
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