Personal Property
Personal Property, also called “movable property,” “personalty,” “movables,” or “chattels,” include virtually any form of property other than real estate. Some examples of personal property include cars, jewelry, and small businesses. Personal property is movable property and goods, as distinguished from real property, which is fixed and immovable. Moreover, real property must often be transferred by a written contract, and the associated deed is often recorded. Click here for information on the Uniform Commercial Code Article 2A (UCC) and how it relates to personal property leasing, and ways your state’s lemon laws can help you. Read more about these and other subjects under Business Operations.
Property
Personal Property Articles
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Equine Law: Put It into Writing
If there is one piece of advice that is desperately needed in the horse industry, it is that whatever the transaction or whatever the agreement, put it into writing. Although it may appear more "friendly" or less antagonistic to rely on a handshake ...
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Commercially Reasonable Sale
PACCAR Financial Corporation v. Mackey, 122 F.3d 1134 (8th Cir. 9/4/97). COMMERCIALLY REASONABLE SALE - After a lessee default and sale of the equipment, the lessor sued the guarantors for deficiency in the sale price of the equipment. The ...
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Back From the Brink The Art Of Corporate Restructuring
If, as once noted, bankruptcy is as necessary to capitalism as Hell is to Christianity, then financially troubled Canadian corporations desperate for a second chance now have the option of the legal equivalent of Purgatory. And, as stock markets ...
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Asset Protection: Understanding the Fundamentals
Do you ever worry about becoming the victim of a groundless lawsuit? If so, you're not alone. Lately, society has seen a plague of lawsuits by predatory plaintiffs misusing the courts by filing suits as a kind of legal extortion. As a result, these ...
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