1.3 Kinds of Property

The classifications (each pair recurring through the course): Immovable (real) / movable (personal): land and things attached to it vs. chattels — the distinction governing formalities (registration for immovables; delivery for movables), limitation, and remedies; Corporeal / incorporeal: tangible things vs. rights as objects (copyright, goodwill, a debt, an easement) — the IP unit's foundation; Private / public (State) / common: individual ownership; State ownership (forest, government land — ailani jagga); commons (pastures, community forests — the community- forestry regime); Movable further divided: consumables/non-consumables; fungible/specific; choses in possession / choses in action; Immovable further divided (the Nepali statutory taxonomy): land by use (agricultural / residential ghaderi / commercial); buildings; hereditary and acquired property (the family- law division that drives partition and succession); guthi land (by tenure); Trust property — owned in law by the trustee, held for beneficiaries (U4.1's guthi and the trust law of U6).