Real and Personal Property Intangible and Tangible Term Paper

Pages: 2 (738 words)  ·  Bibliography Sources: ≈ 3  ·  File: .docx  ·  Topic: Law - Business

Property Rights

What are the underlying reasons for the law to continue to make distinctions between real and personal property, intangible and tangible property?

Intangible property, or incorporeal property, is that which a corporation or person owns and can transfer by sale to another person or corporation, but is not a physical substance. For instance it may be a copyright, a trademark or a patent. It is not real estate or personal property. Some jurisdictions refer to it as choses in action. It is distinct from tangible property in that it is not something that is physical and can be physically handled, as is tangible property.

There are two kinds of intangible property, legal and competitive intangible property (). Ownership of intangible property allows the owner legally enforceable reproduction rights. A copyright owner can reproduce the work that carries the copyright and no one else can legally reproduce it without the owner's permission. For instance, an artist may own the copyright to a cartoon character, which is intangible property, but is the source of legal tangible property, such as comic books.

Buy full Download Microsoft Word File paper
for $19.77
Real property is tangible, such as land, buildings or the fixtures in the buildings. We often refer to it as real estate. Personal property is also tangible, but is distinct from real property in that it can be carried away. It is a thing that one person owns, such as an automobile, some tools or a boat. A person may own, as personal property, a comic book about a cartoon character (the same character mentioned above); this is personal property which the person may sell or keep. But the person may not reproduce a picture of this character for sale, as only the owner of the copyright for the cartoon character has the rights of reproduction of this image.

Term Paper on Real and Personal Property Intangible and Tangible Property Assignment

Although with the advent of computers, the line of distinction between tangible and intangible property seems to be blurring somewhat ("A number of recent decisions... have suggested that this section includes intangible, as well as tangible losses.") 18 U.S.C. 641, which usually applies to tangible property, applies sometimes to intangible property. In United States v. Girard, 601 F.2d 69, 71(2d Cir.) cert. denied, 444 U.S. 871 (1979), the case… [END OF PREVIEW] . . . READ MORE

Two Ordering Options:

Which Option Should I Choose?
1.  Buy full paper (2 pages)Download Microsoft Word File

Download the perfectly formatted MS Word file!

- or -

2.  Write a NEW paper for me!✍🏻

We'll follow your exact instructions!
Chat with the writer 24/7.

Nature of a Company's Asset Base (Tangible Research Proposal

Gilbert's Summaries Contracts the Law Essay

Online Learning and Intellectual Property in Higher Education Research Paper

Credit Crunch on UK Residential Property Dissertation

Tax Revenue Analysis Project Term Paper

View 200+ other related papers  >>

How to Cite "Real and Personal Property Intangible and Tangible" Term Paper in a Bibliography:

APA Style

Real and Personal Property Intangible and Tangible.  (2008, January 10).  Retrieved July 10, 2020, from

MLA Format

"Real and Personal Property Intangible and Tangible."  10 January 2008.  Web.  10 July 2020. <>.

Chicago Style

"Real and Personal Property Intangible and Tangible."  January 10, 2008.  Accessed July 10, 2020.