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Property Law
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Values placed on "things" are largely a creation of society. Dispute resolution relating to those "things" form the body of law concerning man's relationship with land and chattels.
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Property Law's AKA
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"Bundle of Sticks"
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If you own black acre, what do you own?
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airspace, surface, sub-surface, and fixtures
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What rights do you have if you own black acre?
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Right to:
1) use and enjoyment
2) profit
3) dispose of
4) compensation if taken
5) exclude others
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What responsibilities do you have if you own black acre?
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1) Maintenance
2) Taxes
3) use within the law (zoning, nuisance, illegality)
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Abuse of property
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in order to bring an action for abuse of property, a plaintiff must have STANDING, meaning, he himself must have suffered actual harm.
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What types of property are involved in property rights?
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Real property, personal property, and forms of intellectual property known as INTANGIBLES.