This course will introduce and illustrate the fundamental legal concepts and terms involved in the control of three kinds of property: real estate, chattels (goods), and intellectual property. With primary emphasis on real property, we will study the rights and powers of ownership, how they are acquired and transferred, how ownership can be shared (either simultaneously or over time, including future interests, leases, and licenses), recording systems and the rights of purchasers or lien holders, and sovereign powers (grant, escheat, eminent domain, regulation, and forfeiture).



Grading methods may vary depending on which professor is teaching Property.



For Professor Hurn attendance and preparation do not count for points, but excessive neglect of either will result in disenrollment. Otherwise his grades are based on one closed-book final exam.



For Professor Irwin grades are based on attendance and participation (10%), a closed-book midterm exam (20%), and an open-book final exam (70%).