Sec. 10] PROPERTY 37
partial right is a right to a part of its uses. The partial
rights are the only ones which make difficulty.
The services of an article of wealth may be apportioned
among different part owners in many ways. If they are
divided longitudinally in time, the rights of the various
coowners are similar to each other. The chief examples
are the rights of partners and stockholders, and the less
well-defined rights of the individual members of a club,
family, or commune to the common property and all rights
in common, and, finally, the rights to the different kinds of
uses, as, for instance, where one person owns the right of
farming a piece of land, another the right of mining its
minerals, and a third the right of fishing in the streams
which run through it.
If the services are divided transversely in time, one per-
son has the rights of all services up to a particular date,
and another all the rights beyond that. The former
person is called the tenant and the latter the landlord.
If the services are limited both in time and also in quantity
or value, we have still another group of property rights.
These and other classes are seen in the following scheme
of classification.
[rights in common
rights to different
to services cut longitudinally { usufructs
Complete (Fee Simple)
£ partnership rights
2 ( joint stock shares
Z lease
g to services cut transversely reversion a
2 patent and copyright
Gs bonds
i ' private notes
a promises 1 hank notes
k deposits
rights to definite parts ban p
of services checks, drafts, and
bills of exchange
irredeemable paper
money
orders
good will and custom
taxing power
| minor and indefinite {