Art. 414. All things which are or may be the object of appropriation are considered either:(1) Immovable or real property: or(2) Movable or personal property

Concept of Things and Property Things (cosa) Any object that exists Capable of satisfying human needs Possessed (res alicujus) Susceptible of appropriation (within the commerce of man) Property (bienes) Already the object of appropriation Found in the possession of man Every species of title, inchoate or complete, legal or equitable

Requisites of Property Utility Capacity to satisfy some human wants Endows property with value susceptible of pecuniary estimation.