Property Rights What Are the Term Paper

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S. Attorneys 1).

However all of this comes out in the end, one thing is certain: the status of something as private property appears to hinge on its being in significant measure an intentional object -- its status as a private owned entity has to do with in what mental relation is stands with an agent. (Machan 4)

The law has always protected tangible property and real property from theft. It has only been since the advent of the printing press that ideas and images have been disseminated through being printed. Once ideas and images became widely distributed, it was only natural that theft of ideas and their reproduction became possible and therefore prey to theft. Contract rights, licenses, franchises, government grants, and other intangible property could therefore be stolen and needed to be protected.

It was also important to make a distinction between the tangible and intangible property, between the real and personal property, because these four distinctions are protected by different bodies of law and of society.

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One of the reasons they are kept distinct is that the replacement of these four different properties is distinct. Whether actual cash value may be assigned to intangible property is debated, while the replacement cost of lost real property is distinct from the personal property depends on the economic use value of the property. While a criminal may steal personal property, real property may not be stolen, but may be damaged or destroyed. Insurance companies go to great lengths to analyze replacement value and liability for each of these four types of property as liability for each is distinct.

To protect the different kinds of property, people must have different laws, and that is why the law continues to make distinctions between real and personal property, intangible and tangible property.

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