Question

Define ownership and state the different of kinds of ownership

Answer 1

Ownership when it refers to a material object is called corporeal ownership; and where it refers to any otherthing or rights, it is called incorporeal ownership.

Ownership may be classified under the following heads :

I. Corporeal and incorporeal ownership;

2. Sole ownership and co-ownership;

3. Legal and equitable ownership;

4. Trust and beneficial ownership; .

5. Vested and contingent ownership; and .

6. Absolute and limited ownership;




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