Property: includes real and personal property.person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations.

Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.(2) The geographic area over which the court has authority to decide cases. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. Jurisdiction: (1) The legal authority of a court to hear and decide a case.