Conditions of Property:

1     This page is continued from Law of Property >>>> Property:

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abandoned property – wherein all right, title, claim, and possession is voluntarily surrendered, relinquished, or disclaimed by the (former) owner, and not vested in another person.

lost property – personal property involuntarily parted with through accident, negligence, neglect, carelessness, or inadvertence.

found property – appears to be lost or abandoned , and is recovered by another person.

absolute property – wherein the owner has full and complete title and control over.

  • complete property – the entirety of the rights, privileges, powers, and immunities that it is legally possible for a person to have with regard to any thing.

adventitious property – property coming to one from a stranger or anyone other than the paterfamilias.  — aka peculium adventitium

ancestral property (estate) – acquired by descent, especially when the owner’s family has held the property for several generations.

appointive property – property interest that is subject to a power of appointment.

corporeal property – can be perceived, having physical, tangible substance.

incorporeal property – a property interest in a legal right, having no physical (tangible) existence, but recognized at law.

intangible property – an incorporeal right unrelated to a physical thing, but which evidences something of value.

distressed property – must be sold because of mortgage foreclosure or it is part of an insolvent estate.

divisible property – an asset a court is statutorily permitted to divide between divorcing spouses.— aka divisible asset.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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