What are the different types of property law? How do these affect business?
What will be an ideal response?
Property is anything that can be owned. Businesses buy and sell goods, so businesses deal with property law very frequently. Real property is real estate, land, and anything permanently attached to the land such as buildings, parking lots, and even landscaping. Tangible personal property is a physical item that can be touched and moved (as opposed to real property). Examples would include automobiles, inventory, and equipment. Intangible personal property are things that are owned but are not physical in nature. Trademarks, copyrights, patents, checks, and stocks are all examples of intangible personal property. As is easily observable, business is involved with all of the above on a daily basis.
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