Property can be corporeal or incorporeal. Corporeal property refers to visible, tangible rights of ownership over material things like land, movable objects, and things attached to land. Incorporeal property refers to invisible, intangible rights like intellectual property rights and easements that are transferable, inheritable rights over others' corporeal property. The document outlines the key differences between corporeal property, which provides ownership of material goods, and incorporeal property, which provides intangible rights over others' property or intellectual creations.
Property can be corporeal or incorporeal. Corporeal property refers to visible, tangible rights of ownership over material things like land, movable objects, and things attached to land. Incorporeal property refers to invisible, intangible rights like intellectual property rights and easements that are transferable, inheritable rights over others' corporeal property. The document outlines the key differences between corporeal property, which provides ownership of material goods, and incorporeal property, which provides intangible rights over others' property or intellectual creations.
Property can be corporeal or incorporeal. Corporeal property refers to visible, tangible rights of ownership over material things like land, movable objects, and things attached to land. Incorporeal property refers to invisible, intangible rights like intellectual property rights and easements that are transferable, inheritable rights over others' corporeal property. The document outlines the key differences between corporeal property, which provides ownership of material goods, and incorporeal property, which provides intangible rights over others' property or intellectual creations.
What is property? In general sense- thing or object In legal sense- all legal rights of a person, no matter what his description is. According to Austin, it is the greatest right of enjoyment known to law. It may be life interest. It may include both right in rem and right in personam. Kinds of Property Corporeal Property
Incorporeal Property Corporeal Property Visible
Tangible
Right of ownership in material things.
Kinds of Corporeal Property- Movable and Immovable
Property. Movable Property
Portable object.
Standing timber, growing crop, grass.
Immovable Property Sec. 3 of the General Clauses Act, and Sec. 2(6) of the Indian Registration Act- - Land - Things attached to the earth - things embedded in the earth - things attached to what is so embedded in the earth Incorporeal Property Invisible
Intangible
Right in rem
Transferable and inheritable
Examples: right of easement, Intellectual Property Rights
Kinds of Incorporeal Property
Right in re properia- right over intangible property.
Right in re aliena- incorporeal right over corporeal
property over others, e.g., right of easement, right of way.