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Property
Everything that can form part of a person’s estate, including corporeal (physical, tangible) things and incorporeal interests and rights.
Example of Corporeal
A plot of Land
Example of Incorporeal
Intellectual property
Right
A legally recognized valid claim of a subject to a certain object
Example of Right
Rent-A-Car Scam story
Property Right
Any legally recognized claim to a property or interest therein. It is a relationship between a person and property which was established and is held in accordance with the applicable requirements, and therefore recognized and protected by law
Lawful Claim
it is acknowledged/ recognized and protected by existing legal practice.
Unlawful Claim
it is in conflict with the law or when it is not acknowledge by law
Thing
A specific category of property, legally defined as a corporeal object outside the human body, and an independent entity capable of being subjected to legal sovereignty by a legal subject for whom it has use and value.
Five characteristics of a Thing
Corporeal
External to human
Independence
Subject to Juridical Control
Useful and Valuable to Humans
Corporeal
a thing must be tangible, be observable by using any five senses of human being and it must occupy space
External to Human
a human being cannot be a thing in law
Independence
It must be definite and distinct entity existing separately
Subject to Juridical Control
a corporeal entity that cannot be subjected to juridical control cannot be classified as a thing
Useful and Valuable to humans
a thing must be useful and destined to satisfy the needs of a legal subject, unless it satisfy these two, no legal relationship can exist between a corporeal thing and a legal subject
Classification of Things
Negotiable and Non-negotiable things
Singular and Composite things
Movable and Immovable things
Fungible and Non-fungible things
Consumable and Non-consumables
Divisible and Indivisible things
Negotiable Things
Res Alicuius
Res Nullius
Res Derelictae
Res Desperditae
Res Allicuius
Another Person’s Thing
Res Nullius
Nobody’s Thing
Res Derelictae
Abandoned things
Res Deperditae
Lost things or property
Res Alicuius
things are owned by a legal/natural person, things in deceased or insolvent estate
Res Nulius
things capable of being owned, which at a particular stage are not owned by anyone
Res Nullius
Ownership of these may be through appropriatio
Res Derelictae
things that are no longer within the physical control of the owner and in respect of which the owner has no longer the intention to be the owner (animus domini)
Res Deperditae
these are lost things and no longer within the physical control of the owner, but in respect of which the owner has not lost the intention to be the owner
Res Communes Omnium
Things belonging to all
Res Publicae
Public thing or public affair
Res Communes Omnium
natural resources falling outside legal commence and which are available to all people
Res publicae
things owned by state and used directly for the public benefit such as public roads, national parks, the sea, the beach, etc
Singular things
exist independently, they are not composed of particular components
Composite things
things consist in various component but they have lost their individuality
Fungible things
can be replaced with another thing of similar value
Non-fungible things
have individual characteristics making a thing non replaceable
Consumables
are consumed by normal use
Non-consumables
are essentially maintained despite wear and tear
Divisible
if it can be divided into smaller components without losing its nature and function without the value of the component being less than the original
Indivisible
cannot be divided without altering their value, nature or function
Two types of Property
Real Property
Personal Property
Real Property
Immovable property
Real Property
It is land which is the property of some person and all structures, integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things
Real Property
Improvements or fixtures
Example of Real Property
World Expo Pavilion
Fixture
artificial improvement
Fixture
considered real property, if that is how it is treated by the owners, if the attachment is considered permanent and if the parties to any sale treat it as much
Example of Fixtures
Water closet & plumbing system
Example of Real Property
Septic Tank, downspouts
Trade Fixture
pieces of property that a tenant affixes to a leased building or land for the purpose of conducting business
Trade Fixture
movable
Fixture
permanent
Immovable by Nature
those which cannot be moved from one place
Immovable by Nature
adhered to the soil (land, buildings, road, and construction)
Immovable by Nature
Building or structure even there is different owner sa land and the building
True or false: If demolished/ severed from the soil, the building materials become personal property
True
True or False: As long as there are no contracts that the real property is personal property then it is considered immovable by nature
True
True or False: As long as mines are not separated from the soil then it is considered as immovable by nature
True (if separated, minerals are considered movable)
Immovable by Incorporation
Adhered to the soil (trees, soil, plant)
Immovable by incorporation
Placed on an immovable thing
Immovable by Incorporation
there is attachment that is going on (If the thing is removed from the immovable thing and causes damage)
Immovable by incorporation
everything is attached
Immovable by Destination
Intention of the owner
Immovable by destination
Movable by nature but since the owner considered it as immovable then it is immovable by (answer)
Immovable by destination
If movable things are needed (ex. industry use of the land- machinery)
Immovable by destination
Movable things that are NEED and not by wants (ornaments, machinery, and breeding grounds)
Immovable by destination
Fixed structures that are intended to remain at a port, river
Immovable by analogy
if it is real rights
Immovable by analogy
any contract with a subject of immovable things considered to be immovable
Personal Property
Also known as chattels
Personal Property
includes everything movable
Personal Properties according to the law- susceptible of appropriation, preceding article
Those movables susceptible of _________ which are not included in the __________ __________
Personal Properties according to the law- False, real property if considered by the law will be personal property
True or False Why:
Real Property which by any provision by the law is not considered as personal property
Personal Properties according to the law- Nature, Science
Forces of _______ which is brought under control by ___________
Personal Properties according to the law- without causing impairment of the real property to which they are fixed
all things that can be transferred from place to place and without what?
Personal Properties according to the law- demandable sums
Obligations and actions which have their object movables, ________
Personal Properties according to the law-
agricultural, commercial, industrial
Shares of stock of __________, __________, _________, entities, although they may have real estate