First Principles of Business Law

1. Foundational concepts

1.2. Distinguishing property concepts

Each of the situations described below illustrates important concepts for understanding different aspects of property law.

Click on each of them for an explanation of the relevant ideas. Study the explanations until you can distinguish and remember the significance of each situation.

• A is the owner of a 7 metre boat.

• D agrees to paint the outside of E's house in return for a payment of $1,000.

• F builds a table using driftwood he finds on a beach.

• A makes a gift of his boat to G.