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you are here: > Canonum De Ius Positivum
> Article 44
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II. Form |
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| 2.1 Form | ||
| Article 44-Asset | ||
| Canon 1674 | ||
| In a general sense, an Asset is a fictional Form representing other forms regarded to possess a formal unique identity and value. As such, an Asset is a net store of real value. | ||
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| Canon 1675 | ||
| In a formal sense, an Asset is any sufficient effects, property or goods of sufficient value enough to discharge any burden cast upon a Trust or Estate in satisfying its Debts. Therefore Assets do not exist without some relationship to a Trust or Estate. | ||
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| Canon 1676 | ||
| Assets may be defined as either Tangible or Intangible. | ||
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| Canon 1677 | ||
| A Tangible Asset is Any asset, such as buildings, land, equipment etc. that has physical form | ||
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| Canon 1678 | ||
| An Intangible Asset is Intangible personal property, acquired for money, that does not have a face value or a ready market. An Intangible asset is also defined as Any valuable property of a business that is not does not appear on the balance sheet, including intellectual property, customer lists, and goodwill. | ||
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