Personal Property Law
Property law is the area of law that governs the various forms of ownership and tenancy in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to real estate or real property, and the associated rights and obligations thereon.
The concept, idea or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned by the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty.
Though the Napoleonic code was among the first government acts of modern times to introduce the notion of absolute ownership into statute, protection of personal property rights was present in medieval Islamic law and jurisprudence, and in more feudalist forms in the common law courts of medieval and early modern England.
Read more about Personal Property Law: Theory, Property Rights and Rights To People, Property Rights and Personal Rights, Classification, Possession, Transfer of Property, Priority, Lease
Famous quotes containing the words personal, property and/or law:
“The terrible thing is that one cannot be a Communist and not let oneself in for the shameful act of recantation. One cannot be a Communist and preserve an iota of ones personal integrity.”
—Milovan Djilas (b. 1911)
“Communism is inequality, but not as property is. Property is exploitation of the weak by the strong. Communism is exploitation of the strong by the weak.”
—Pierre-Joseph Proudhon (18091865)
“It will be seen that we contemplate a time when mans will shall be law to the physical world, and he shall no longer be deterred by such abstractions as time and space, height and depth, weight and hardness, but shall indeed be the lord of creation.”
—Henry David Thoreau (18171862)