Personal property, refers to everything else; movable objects, such as computers, automobiles, jewelry or intangible rights, corresponding to stocks and shares. A proper in rem is a proper to a particular piece of property, contrasting to a right in personam which allows compensation for a loss, but not a selected thing again. Land law types the basis for most sorts of property law, and is the most advanced. It issues mortgages, rental agreements, licences, covenants, easements and the statutory methods for land registration. Regulations on the usage of personal property fall under mental property, company regulation, trusts and industrial legislation.
Free Legal Encyclopedia: Tonnage tax to Umpire
Supreme Court in Erie Railroad Co. v. Tompkins 304 U.S. 64, 78 , overruled earlier precedent, and held “There isn’t any federal general common legislation,” thus confining the federal courts to behave solely as interstitial interpreters of legislation originating elsewhere. Louisiana’s administrative regulation … Read More