Regulations on the use of personal property fall under intellectual property, company law, trusts and commercial law. An example of a basic case of most property law is Armory v Delamirie . A chimney sweep’s boy found a jewel encrusted with precious stones. The goldsmith’s apprentice looked at it, sneakily removed the stones, told the boy it was worth three halfpence and that he would buy it. The boy said he would prefer the jewel back, so the apprentice gave it to him, but without the stones. The boy sued the goldsmith for his apprentice’s attempt to cheat him.
- Real property, sometimes called ‘real estate’, refers to ownership of land and things attached to it.
- Ministers or other officials head a country’s public offices, such as a foreign ministry or defence ministry.
- While laws are positive “is” statements (e.g. the fine for reversing on a highway is €500); law tells us what we “should” do.
- He teaches Legal Research Method; Constitutional law; State Science courses.
- Rational individuals trade through bilateral contracts on open markets until the costs of transactions mean that using corporations to produce things is more cost-effective.
Lord Chief Justice Pratt ruled that even though the boy could not be said to own the jewel, he should be considered the rightful keeper (“finders keepers”) until the original owner is found. In fact the apprentice and the boy both had a right of possession in the jewel , but the boy’s possessory interest was considered better, because it could be shown to be first in time. Consideration indicates the fact that all parties to a contract have exchanged something of value.
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This isn’t just any Law News school, it’s the one that has more judges in more courtrooms than any other. Law and order is the condition of a society in which laws are obeyed, and social life and business go on in an organized way. She earned her Bachelor of Law and master’s degree in Technology Management from University of the Philippines, and master’s degree in Business Administration from Monash University. Aside from teaching at university, she is also a member of the Philippine Bar and the International Institute of Space Law.
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Consumer law could include anything from regulations on unfair contractual terms and clauses to directives on airline baggage insurance. Competition law, known in the United States as antitrust law, is an evolving field that traces as far back as Roman decrees against price fixing and the English restraint of trade doctrine. Modern competition law derives from the U.S. anti-cartel and anti-monopoly statutes of the turn of the 20th century. It is used to control businesses who attempt to use their economic influence to distort market prices at the expense of consumer welfare.
t Winner at a University-level National Debate Competition (PLC)
In developing the common law, academic writings have always played an important part, both to collect overarching principles from dispersed case law, and to argue for change. William Blackstone, from around 1760, was the first scholar to collect, describe, and teach the common law. But merely in describing, scholars who sought explanations and underlying structures slowly changed the way the law actually worked.