Unit 5: Property Law
The idea of property usually strikes people as a fairly simple concept. However, the law recognizes that the interests in various types of property are often anything but simple and can sometimes result in highly complex problems. For example, if you sell your house to someone, what stays as part of the house, and what can you take with you when you leave? Certainly you would have an automatic right to take your clothes, your furniture, and your photographs and artwork. But what about a favorite chandelier? How about a built-in island in the kitchen? Can you take the windows? The law recognizes two categories of property. There is real property, which is land and anything attached to it, such as a house and items attached to it. Alternatively, there is personal property, which is everything else. This unit will help you determine why one item can be personal property in one situation and real property in another.
Completing this unit should take you approximately 3 hours.
5.1: Personal Property
5.2: Real Property
Unit 5 Assessment