Chapter 17: Personal Property and Bailments
Chapter Overview: Ready to Learn?
Personal property is anything that can be owned other than real estate. Tangible personal property is something that can be touched, like computers, bicycles, or even pizza. Intangible personal property cannot be touched. If someone owes you a haircut, than the right to receive that haircut is intangible personal property. Intellectual property is an original work fixed in a tangible medium of expression. Inventions, artistic or literary works, and trademarks are examples of intellectual property. A bailment is the transfer of a possession and control of personal property to another with the intent that the same property will be returned later. In this chapter, you will learn how to keep your personal property safe as well as avoid any difficulties that might occur when a bailment is involved.
Legal Web Links: Need to Know More?
Surf the Internet for legal Web links.
The Web site for the United States Patent and Trademark Office.
Self-Check Quizzes:Test Tomorrow?
Test your knowledge of chapter material with a self-check quiz.
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