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Lecture Hospitality law managing legal issues in the hospitality industry (4th Edition): Chapter 6 - Barth

Chapter 6 - Legally managing property. In this chapter, you will learn: The difference between real property and personal property, the function of the uniform commercial code when buying property, the role of liens and financing statements in protecting rights of buyers and sellers in purchasing property,. | Chapter 6 Legally Managing Property Legally Managing Property Introduction to Property Purchasing Property Financing the Purchase of Property Leasing Property Respecting Intellectual Property Rights In This Chapter, You Will Learn: The difference between real property and personal property. The function of the Uniform Commercial Code when buying property. The role of liens and financing statements in protecting rights of buyers and sellers in purchasing property. How to evaluate the purchase versus lease decision from a legal perspective. How to avoid infringement of trademark, patent, copyright, and concept rights. Introduction to Property Real Property Personal Property Tangible Intangible Introduction to Property Legalese: Personal Property – Tangible and intangible items that are not real property. Introduction to Property Legalese: Real Estate - Land, including soil and water, buildings, trees, crops, improvements, and the rights to the air above, and minerals below, the land. Introduction to Property Legalese: Improvements - An addition to real estate that ordinarily enhances its value. Introduction to Property Legalese: Chattel - Personal property, movable or immovable, which is not considered real property. Introduction to Property Legalese: Fixture(s) - An article which was once a chattel but that has become a part of the real property because the article is permanently attached to the soil or to something attached to the soil. Analyze the Situation 6.1 Jay Geier purchased a cinnamon roll franchise from a franchisor. To house the operation, he purchased a small, but ideally located building from David Stein. The two individuals agreed upon a fair price, then both Mr. Geier and Mr. Stein signed the sales contract. Mr. Geier was to take possession of the property on March 1. Analyze the Situation 6.1 On the morning of February 28, Mr. Geier arrived at the property to take some exterior measurements he would need in . | Chapter 6 Legally Managing Property Legally Managing Property Introduction to Property Purchasing Property Financing the Purchase of Property Leasing Property Respecting Intellectual Property Rights In This Chapter, You Will Learn: The difference between real property and personal property. The function of the Uniform Commercial Code when buying property. The role of liens and financing statements in protecting rights of buyers and sellers in purchasing property. How to evaluate the purchase versus lease decision from a legal perspective. How to avoid infringement of trademark, patent, copyright, and concept rights. Introduction to Property Real Property Personal Property Tangible Intangible Introduction to Property Legalese: Personal Property – Tangible and intangible items that are not real property. Introduction to Property Legalese: Real Estate - Land, including soil and water, buildings, trees, crops, improvements, and the rights to the air above, and minerals