LAW ON PROPERTY

• PROPERTYIs considered as an object, is that

which is or may be appropriated.

• THING is broader in scope for it includes

appropriable and non-appropriable object.

• 1. As to naturea. Res nullius

Belonging to no one

b. Res communesBelonging to everyone

c. Res alicujusBelonging to someone

CLASSIFICATION OF THINGS

2. As to mobilitya. Movable/ personalb. Immovable/ real

3. As to ownershipa. Publicb. Private

CLASSIFICATION OF THINGS

4. As to alienabilitya. Within the commerce of menb. Outside the commerce of men

5. As to existence

a. presentb. future

CLASSIFICATION OF THINGS

6. As to materialitya. Tangible/ corporealb. Intangible/ incorporeal

7. As to dependence

a. Principalb. Accessory

CLASSIFICATION OF THINGS

KINDS OF PROPERTY

•Personal Property•Real Property

PERSONAL PROPERTY(Movable)

•All things which can be transported from place to place without impairment of the real property to which they are fixed.

REAL PROPERTY(Immovable)

Real property refers to anything fixed, permanent and immovable, such as land, building, roads and constructions of all kinds adhered to the soil.

WHAT IS OWNERSHIP?

• Ownership is independent and general right of a person to control a thing particularly in his possession, enjoyment, disposition, and recovery, subject to no restrictions except those imposed by the state or private persons, subject to the provisions of the law.

RIGHTS OF AN OWNER

• Enjoy•Dispose•Recover/ Vindicate his

property

WHAT IS POSSESSION?

•Possession is the holding of a thing or the enjoyment of a right.