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Personal property Is very important when it comes to the economy and the wealth of a society,The society treats personal property to the one who works to acquire it .Society treats it different n the sense that it only concenrs the owner and not the third party.
Real property rights are
usually enforceable by society for a much longer period of time and in most
jurisdictions real estate and immovable- are registered in
government-sanctioned land registers.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 3rd, 2015
Real property concerns anything that is fixed like, so its basically important for society to treat it different because
Real property has a long time of ownership exists in different ownerships ways such as leasehold and freehold ownership. Real property has different ways of transferability unlike Personal property.Some communities perceive land to belong to everybody.
Its a little bit complicated when it comes to IP property. Basically it protects those who came up with an Idea , IP should be treated differently by society because it concerns only a corporate or individual .IP grants someone the sole right to produce something. Its some sought of "Ideas" trying to give some monopoly and avoid any copying the idea.
Aug 3rd, 2015
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