3 Kinds of Property

The standard classifications (with the same pairs recurring in Property Law):ClassificationFirst categorySecondcategoryExamples / significanceCorporeal / IncorporealRights over material,tangible objectsRights over immaterialobjectsLand, goods vs. copyright, patents, trademarks, goodwill. Incorporeal property is intangible but fully ownable and transferable — the backbone of the IP regime; note Article 25's inclusion of IP in "property."Movable / ImmovableChattels, goods, cashLand and things attached to itImmovable property demands formalities (registration, deeds); movables are transferred by delivery. Nepal's land- registration (lalpurja) system rests on this line.Real / Personal (English tradition)Interests in land (real actions historically recovered the thing itself)All other propertyA historical division now mainly of exam interest; "realty" ≈ immovables.Private / Public (State) / CommonOwned by individuals/entitiesOwned by the State or communityPublic property enjoys special protection (offences against public property); common resources (forests, grazing land, rivers) raise the "tragedy of the commons" problem — Nepal's community forestry is a globally studied third way.Tangible / IntangiblePhysical objectsChoses in action (debts, shares, insurance claims)Choses in action are claims enforceable by suit — a debt is property though you cannot touch it.Two further pairs from Unit 1 recur here: rights in re propria (over one's own thing) versus in realiena (over another's thing — leases, mortgages, easements, liens); and legal versus equitable ownership (trustee vs. beneficiary).