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The United Nations Educational, Scientific and Cultural Organisation (UNESCO) intangible cultural heritage elements are the non-physical traditions and practices performed by a people. As part of a country's cultural heritage , they include celebrations, festivals, performances, oral traditions, music, and the making of handicrafts. [ 1 ]
Personal property can be understood in comparison to real estate, immovable property or real property (such as land and buildings). Movable property on land (larger livestock , for example) was not automatically sold with the land, it was "personal" to the owner and moved with the owner.
The Philippine Registry of Cultural Property, abbreviated as PRECUP (Filipino: Patalaan ng mga Ari-ariang Kultural ng Pilipinas), is a national registry of the Philippine Government used to consolidate in one record all cultural property that are deemed important to the cultural heritage, tangible and intangible, of the Philippines. [1]
Intangible cultural property- peoples' learned processes along with the knowledge, skills and creativity that inform and are developed by them, the products they create and the resources, spaces and other aspects of social and natural context necessary for their sustainability [1]
The Banaue Rice Terraces is an example of a nationally recognized cultural property. Current logo for the Philippine Registry of Cultural Property. These lists contain an overview of the government recognized cultural properties in the Philippines.
Real property is generally sub-classified into: corporeal hereditaments – tangible real property (land) incorporeal hereditaments – intangible real property such as an easement of way; Although a tenancy involves rights to real property, a leasehold estate is typically considered personal property, being derived from contract law.
It excludes tangible property like real property (land, buildings, and fixtures) and personal property (ships, automobiles, tools, etc.). In some jurisdictions, intangible property are referred to as choses in action. Intangible property is used in distinction to tangible property. It is useful to note that there are two forms of intangible ...
For example: When a person having legal title to property dies, heirs at law or beneficiaries per the last will, automatically receive an equitable interest in the property. When an executor or administrator qualifies, that person acquires the legal title, subject to divestment when the estate has been administered so as to allow for the lawful ...