Tangible personal property

Definition and stakes

Portrait of Mrs. Humphry Ward Mrs. Humphry Ward,  Marcella

“ To give property, and therewith the fuller human opportunity, to those that have none, was the inmost desire of his life. And not merely common property—though like all true soldiers of the human cause he believed that common property will be in the future enormously extended—but in the first place, and above all, to distribute the discipline and the trust of personal and private possession among an infinitely greater number of hands than possess them already. ”
Source: Gutenberg

James Williams,  1911 Encyclopædia Britannica, Volume 21… (1911)

“ In real property there can be nothing more than limited ownership, there can be no estate properly so called in personal property, and it may be held in complete ownership. There is nothing corresponding to an estate-tail in personal property; words which in real property would create an estate-tail will give an absolute interest in personalty. A life-interest may, however, be given in personalty, except in articles quae ipsa usu consumuntur. Limitations of personal property, equally with those of real property, fall within the rule against perpetuities. ”
Source: Wikisource

Portrait of Henry George Henry George,  Progress and Poverty, Volumes I and II

“ The very distinction made in legal terminology between real and personal property is but the survival of a primitive distinction between what was originally looked upon as common property and what from its nature was always considered the peculiar property of the individual. And the greater care and ceremony which are yet required for the transfer of land is but a survival, now meaningless and useless, of the more general and ceremonious consent once required for the transfer of rights which were looked upon, not as belonging to any one member, but to every member of a family or tribe. ”
Source: Gutenberg

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