The Property System
The concepts of property and ownership are fundamental to any society. Property refers to tangible and intangible items that can be owned. Ownership is a concept that means the right to exclude others. Disputes over both have been at the root of conflicts and wars since time immemorial. Without laws to protect property ownership, the stability of our society would be seriously undermined.
Here is what we will cover in this chapter part:
| Competency | Summarize real property and unfair trade practice law |
| Criteria | Contrast the characteristics of personal and real property |
| Criteria | Compare the options available for property ownership |
| Criteria | Determine how ownership rights in real property are transferred |
| Criteria | Evaluate the duties of landlords and tenants |
| Criteria | List methods of acquiring ownership of personal property |
