May 21, 2009

EOC Week Seven


Ownership of Property
Guess what! You do not need the candy bar for “proof of ownership.” Sometimes the transfer of property is quite easy and fun, if you have the money to go shopping. Believe it or not this is how most people get possessions or stuff.

Ownership, http://dictionary.reference.com/browse/ownership?jss=1
gave me this as a definition for ownership, “Own"er*ship\, n. The state of being an owner; the right to own; exclusive right of possession; legal or just claim or title; proprietorship.”
You would think it would be easy understanding what ownership is… What ever I have is mine, right? What ever he owns is his, and therefore not mine. Yet it gets tricky when interaction happens and someone wants to know if “Finders Keepers” can be applied.

This is a fact that if man dies leaving a widow, and a will (testament). And if that man had in his will that wife was a disinheriting party, state laws of descent would nullify the will. In the United States the widow is granted at least a portion of the estate regardless of the will.

What is so whacked out is we are moving more and more into an era when things that really matter are becoming more and more intangible, or intangible property. Money is becoming less and less green backs, and more about the stuff you don’t see when you whip out that plastic. The internet is a great example with pay pal, and others reaching in to your pocket. And yet we wine, and complain, that postage went up again. Hello, E-mail accounts are being operated by a much younger generation. I do not need to give you a sales pitch about the internet, you know what is out there and how amazing it can be to surf the web, yet all of it is intangible.

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