Question

Name and briefly discuss the two methods of which ownership may be transferred

Answer 1

Answer:

Ownership in an organization or property can be transferred by the following methods:

1. Ownership of a property can be transferred by selling it to another person for money.

2. Ownership of a property can be transferred to another individual legally by eviction or seizure.

Answer 2

The two methods by which ownership may be transferred are by method gifting property or by selling the property.

Explanation:  

• A sale deed is made through a document by which the ownership rights are transferred. It is a document that gives evidence of an individual's ownership rights of a property.
• The execution and registration of a sale deed in favor of the buyer can help to transfer the rights of property in favor of the buyer.  When the ownership has to be transferred then an agreement is drawn for the execution of a sale deed.
• The sale deed is based on the agreement to sell which is signed and accepted by the seller and buyer. In this manner, it has legal value and can be produced as evidence wherever it is required.

To know more about ownership rights of a property

Who have equal ownership right over the property of an ancestor? highlight with its essential characteristics?

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