Full text: The nature of capital and income

  
    
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 { 
       
   
   
     
   
  
  
  
  
  
  
  
  
  
  
  
     
    
   
     
   
  
    
     
  
  
  
  
   
 
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.