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hi im sarah muriello and im going to be presenting on property rights through a sample shelter animal adoption contract in the u.s property can essentially be divided into two property types so weve got real property which is land in any property attached to the land and then theres personal property which is all other property including intellectual property that is not real property and currently in the united states pets are considered personal property under the law there are three property rights elements that inform property law and those concepts or elements are universality exclusivity and transferability so universality deals with the concept that every limited resource is going to have somebody who owns it because it is a limited resource and therefore valuable exclusivity asserts that a property owner has the right to exclude others from the property thus making themselves the owner of that property and transferability is the concept that an owner has the right to convey
