Overview
Historical perspectives on property law reveal how societal values and economic conditions have shaped the laws governing ownership and use of property. From the feudal system, which established hierarchical land ownership, to the development of common law that emphasizes judicial decisions, the evo...
Key Terms
Example: Real estate is a type of property.
Example: Under feudalism, peasants worked the land for their lords.
Example: Common law principles guide many property disputes.
Example: Different forms of land tenure exist, such as freehold and leasehold.
Example: Patents protect inventions, while copyrights protect artistic works.
Example: A utility company may have an easement to run power lines.