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Law of Property

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Law of Property A huge subject of law and one that is very much debated on when it comes to ownership and rights is property law. There are different types of property that can be owned and how to go about owning it. The acquisition of property is important to understand to make sure there are no legal implications that are ignored. There are different ways that property can be owned, how it can be transferred to a different party, and controversies that surround the situation of property law. There are also different types of property that can be owned and how it can be acquired. Understanding these elements can help when trying to procure any type of property legally. There are different types of property that a person can purchase and own. There is real and personal property that an individual can own. And most of the legal concepts and rules that apply to these property types were originally derived from English Common Law, which modern law has incorporated these original rules and concepts into the law of real and personal property ("Property Law" 1). Personal property, which is also known as movable property, is anything other than that of land. It can be subject of ownership, which includes but is not limited to stocks, notes, money, patents, copyrights and intangible property. Then, there is real property, which is much different from personal property ("Property Law" 2). Real property is land and anything that is built or erected on this piece of land, grown on it, or affixed to the property. When it comes to the terms of real estate and real property, the two terms generally go hand in hand because they have the same ideals. The usage of the term land does not only include the face of the earth, but everything else that can reside on that or under it whether it was manmade or from the placement of nature. This can include things such as, but not limited

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