A legal term describing a situation wherein a person or company has a temporary right to use and derive income from someone else’s property (provided that it isn’t damaged).
Usufruct is recognized only in a few jurisdictions in North America.
Wow! Is it just me, or does everyone think that is an awesome idea? Well, with a few stipulations. It’s a great idea as long as anyone doesn’t try to use my stuff. Usufruct sounds like a concept Kramer, of Seinfeld fame, would have created or at least fully embraced as an excuse for his unsupervised forays into Jerry’s apartment.
Occasionally I do a little research for some of my more…ahem… educational posts. This is one of those times obviously. I did say a little though. I’d love to know where those jurisdictions are in which usufruct is legal, but I wasn’t motivated enough to actually look that up. I wonder if the people living there know they’re in a usufruct zone? I imagine all sorts of chaos could occur if all the residents of a particular jurisdiction were aware of the usufruct law. People could just walk into stores and homes borrowing things without fear of legal retribution as long as they returned them unharmed. Men would take large screen t.v’s home every weekend to watch football, returning them on Tuesdays. Women would always have the right shoes and purse to match their outfit. I want to move to a usufruct zone. “Yes your honor. I did take his car, but I returned a week later fully gassed up. I plead the usufruct defense.” Right now I’m usufructing the picture of Kramer. It is undamaged or altered in any way. I defy NBC to sue me for copyright infringement.
I have to thank my friend Erin from work for this idea. Every day she sends out a “Word of The Day” through e-mail. What would you do if your town was a Usufruct Zone?