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24 Cards in this Set
- Front
- Back
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Property
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Tangible and intangible things and their corresponding legal rights and interests.
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Real Property
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Land, water, and minerals in the earth; airspace above the land; and things permanently attached to the land.
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Personal Property
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Tangible, movable property and intangible property.
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Intellectual Property
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Purely intangible personal property that once cannot touch or move.
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Copyright
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Protects the expression of a creative work, such as the work of an artist, author, or composer.
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Infringement
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Unauthorized copying, sale, display, or performance of a copyrighted work.
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Fair Use
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Limited use of copyrighted works by critics, researchers, news reporters, and educators.
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Trademark
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Unique word, mark, symbol, or device that identifies a product of a particular manufacturer or merchant.
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Service Mark
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Word, mark, or symbol that identifies a service as opposed to a product.
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Patent
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Government grant of exclusive right to make, use, and sell a product or process which is novel, non-obvious, and useful.
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Trade Secret
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Unpatented formula or process not known to others and which is valuable in business.
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Constructive Delivery
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Having a symbol of a gift substituted in its delivery.
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Accession
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Right of an owner of property to an increase in that property.
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Lost Property
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Property that the owner unknowingly leaves somewhere or accidentally drops.
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Mislaid Property
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Property that is intentionally placed somewhere but then forgotten.
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Occupancy
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Acquisition of title by taking possession of personal property that belongs to no one else.
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Severalty
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Ownership of all property rights by oneself.
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Co-Ownership
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Ownership existing when two or more persons have the same ownership rights in the same property.
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Right of Partition
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Attribute of co-ownership which allows any co-owner to require the division, usually financial, of the property among the co-owners.
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Joint Tenancy
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Co-ownership of property with equal interests and the right of survivorship.
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Right of Survivorship
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Right of one joint tenant to ownership of property when the other joint tenant dies.
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Tenancy in Common
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Form of co-ownership in which the shares may be unequal and there is no right of survivorship.
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Tenancy by the Entireties
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Usual form of co-ownership between husband and wife, carrying equal interest and the right of survivorship.
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Community Property
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Property owned equally by spouses.
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