Summary
Summary LAW OF PROPERTY LECTURE 2
- Course
- LPRO3724 (LPRO3724)
- Institution
- University Of The Freestate (UFS)
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! REAL!RIGHTS!AND!PERSONAL!RIGHTS!(CREDITOR’S!RIGHTS/CLAIMS)!
!
!!!!!
BACKGROUND:,PROPERTY,RIGHTS:!
! ! !
• Law,of,property,deals!with! • Law,of,things,as!it!used!to!
property!in!the!widest!sense!i.e.! be!defined!traditionally!in! • Since!the!Constitution!it!has!become!impossible,to,restrict,the!
includes!all,assets,that!form!part!of! the!narrow!sense!dealt!with! scope!of!property!law!in!this!way!–!it!is!necessary,to!include,
person’s!estate!M!This!includes! only!some!of!these!rights!i.e.! all,kinds,of,property,that!may!be!protected!in!terms!of!the!
rights!in!corporeal!things!(movable! rights!that!relate!to, Constitution.!
and!immovable);!rights!deriving! corporeal,things,=!thus!the! • The!term!law!of!property!and!NOT!law!of!things!is!thus!used!as!
from!obligations!such!as!contract! law!of!things!did!not!include! a!number!of!rights!that!do!not!relate!to!corporeal!things!are!
or!delict!(personal!rights/creditor’s! creditor’s!rights,!immaterial! also!dealt!with.!
rights)! property!rights! !
! !
REAL%RIGHT:%
The!right!in!a!corporeal!or!incorporeal!thing!belonging!to!oneself! NOTE:!a!real,right,or!limited,
TERMINOLOGY:, ! real,right,=!always!a!right!in!a!
LIMITED!REAL!RIGHTS:!! corporeal,or,incorporeal,,thing!!
The!right!in!a!corporeal!or!incorporeal!thing!belonging!to!another!person!
!
• !Creditor’s,right,(personal!right)!=!always!against!a,person,–,means!a!person!must!do, FORMS&OF&REAL&RIGHTS&IN&CORPOREAL&PROPERTY&
something,,refrain,from,doing,something,,pay,money,or,give,something!
• Obligation!to!give!something!may!pertain!to!corporeal!or!incorporeal!things!BUT!it!is! OWNERSHIP& LIMITED&REAL&RIGHTS&
• Most"comprehensive"
always!a!consequence!of!one’s!right!against!a!person! real&right&
• The"use"and"enjoyment"of"
• We!are!interested!in!real!rights!and!creditor’s!rights!with!regard!to!corporeal!things! property"belonging"to"
another"for"a"specific"purpose"
• Whilst!both!real!rights!and!creditor’s!rights!with!regard!to!corporeal!things!are!classified! • Kinds&of"limited"real"rights:"
as!rights!in!property,!they!are!!acquired,!exercised!and!protected!in!different!ways! servitudes&and"forms"of"real"
security"(mortgage&and&
pledge)&
©!Alda!Vorster! ! !
!
DISTINCTION(BETWEEN(REAL(RIGHTS(AND(CREDITOR’S"
RIGHTS'IN'IMMOVABLE'CORPOREAL'PROPERTY 4"
!!!
! !
• Even!though!real,rights,and!creditor’s,rights,in!immovable,property,are!both!property,
rights,!the!distinction!between!them!is!N.B.!because!they!are!acquired!and!protected!in!
different!ways!
• Problem!arises!when!one!has!to!decide!whether!certain!rights!with!regards!to!immovable!
things!are!real!rights!or!creditor’s!rights!–!various!theories!have!attempted!to!highlight!the!
distinction!
• Before!examining!the!theories!it!is!necessary!to!identity!the!exact!nature!and!scope!of!the!
problem!posed!by!the!distinction!
• In!most!cases!the!distinction!is!easy!to!make!
!
©!Alda!Vorster! ! !
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