Art 416 – The following are deemed personal property:

1. Those movables which are susceptible of appropriation which are not included in the preceding
article
2. Real property which by any special provision of law is considered as personalty
3. Forces of nature brought under control by science
4. In general, all things which can be transported from one place to another without impairment of
the real property where they are fixed

Art. 417 – The following are also considered as movable property

1. Obligations and actions which have for their object movables or demandable sum
2. Shares of stock of agricultural, commercial, industrial entities, although it may have real
property

Art. 418 – Movables are either consumable or non-consumable. To the first class belongs movables
which cannot be used in a manner appropriate to their nature without their being consumed; to the
second class belong all the others

Art. 419 – Movables are either of public dominion or of private ownership

Art. 420 – The following things are of public property

1. Those intended for public use such as roads canals river torrent ports and bridges constructed
by the State, bank shores homesteads and others of similar character.
2. T
Review Art. 415 Immovable Property

X leased to Y a piece of land. Y put up a factory in the warehouse that was leased to him by X. Y then
placed the machineries in the warehouse bolted them to the ground for the factory. Assuming that X
and Y provided in their lease whatever the machineries introduced will be owned by X after the lease.
What are the machineries.

To secure the loan of B, his brother A gave his house as a mortgage. A executed a chattel mortgage on
his house. The brother did not pay the loan. The mortgagor foreclosed the mortgaged and levied his
house. Is the foreclosure valid? Growi

A gave collateral fishpond with fish. Fishpond real or personal

A and B entered into a partnership they boufght piece of land. The share or the right of A over the piece
of land. Real or Personal Property

Art. 415 Par. 4 Elements or Requisites