THE YOUNG FARMER 



law, chiefly the common law, as it affects the 

 farmer in acquiring or disposing of his 

 property and in his dealings with labor. 



PROPERTY 



Property may be defined as anything 

 which is a subject of ownership. It possesses 

 the characteristics of being acquired, held, 

 sold, willed or inherited and is of two kinds : 

 (i) Real property, real estate or realty; (2) 

 chattels or personal property. These two 

 kinds of property are subject to quite dis- 

 tinct legal practices. In general, real estate 

 consists of land, things attached to it, such as 

 trees, buildings, fences and certain rights 

 and profits arising out of or annexed to the 

 land. The term land as ordinarily used in- 

 cludes all these things, so that when land is 

 said to be worth so much an acre it includes 

 all fixtures. Ponds and streams are, under 

 this definition, land. The land not only has 

 surface dimensions, but extends upward 

 indefinitely and down to the center of the 

 earth, and hence includes a right to ores, 

 coal, oil, gas or other materials whatsoever. 



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