After reading this chapter, you should understand the following:
- The difference between personal property and other types of property
- How rights in personal property are acquired and maintained
- How some kinds of personal property can become real property, and how to determine who has rights in fixtures that are part of real property
In this chapter, we examine the general nature of property rights and the law relating to personal property—with special emphasis on acquisition and fixtures. In Chapter 10 "Intellectual Property", we discuss intellectual property, a kind of personal property that is increasingly profitable. In Chapter 11 "The Nature and Regulation of Real Estate and the Environment" through Chapter 13 "Landlord and Tenant Law", we focus on real property, including its nature and regulation, its acquisition by purchase (and some other methods), and its acquisition by lease (landlord and tenant law).
In Chapter 14 "Estate Planning: Wills, Estates, and Trusts" and Chapter 15 "Insurance", we discuss estate planning and insurance—two areas of the law that relate to both personal and real property.