Leopold's Ten Questions

Front 1

choses in action vs. choses in possession

Back 1

choses in action are rights to intangible property, whereas choses in possession are rights to tangible property

Front 2

Non-traditional forms of property

Back 2

BRaIN

1. Rights to your own body
2. Reliance Interests -- community reliance on industry
3. Intellectual Property -- right to ideas and materials
4. New property created from expanding states.

BRaIN

Front 3

Savages v. Barbarians v. Civilization

Back 3

Savages-- chattels of minimal importance
Barbarians -- invention of pottery
Civilization -- alphabet

SBC

Front 4

Posner's Criteria for Efficient System of Property Rights

Back 4

E TU Posner?

1. Exclusivity -- right of possession to utilize the land
2. Transferability -- right to transfer ownership
3. Universality -- all resources should be owned by someone

Front 5

Seligman's 5 theories of property

Back 5

NO LoLS

1. Labor Thoery
2. Legal Thoery
3. Occupation Theory
4. Social Utility Theory
5. Natural Rights Theory

Front 6

Cuis est solum....translate

Back 6

To whomsoever the soil belongs, he also owns the sky & to the depths

Front 7

Absolute Origin for real property title

Back 7

deed from sovereign nation that held rule over that piece of land

Front 8

"freedom in common brings ruin to all"

Back 8

a free society allowed to pursue its own best interests results in collective destruction of common resources

Front 9

"property is nothing but a basis of expectation...that can only be the work of the law"

Back 9

basis of expectation of being able to draw an advantage from a thing possessed that is protected through the establishment of law, without which there would be no protection

Front 10

Reich -- how have gov't progams and subsidies grown into a new species of property

Back 10

SITE

1. should be treated as property, not as a gratuities
2. Integral part of society
3. taking place of traditional forms of wealth
4. Sense of Entitlement