Friday, April 20, 2007

Law of Property

The law of property is a branch of confidential law which regulates the relationship between persons and things, or property. This branch of law provides rules prescribing the mode in which someone acquires rights in property, the method in which these rights can be transferred, and it provides the remedies accessible in the event of an contravention on such rights. An easier way to discriminate between real rights and personal rights is to keep in mind that real rights set up a legal relationship between a thing/property and a person, whereas personal rights institute a legal relationship between two persons (the relationship between the two persons could be relating to property but the rights are created in relation to the two persons and each other, and not in relation to either of them and the property).