name and briefly discuss two methods through which ownership may be transferred
commercial law
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Answer:
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.
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Two methods are by selling or gifting a property ownership can be transferred.
Explanation:
- A deed can be sold with the help of a document, where the ownership deeds are transferred.After the deeds are transferred the other person holds the ownership.
- The selling of a property is based on a agreement signed by both the people involved in the deed. When a document is signed by both the party and attested by the court it becomes a legal document.
- In the same way when a property is gifted by one person to another person the ownership also get transferred , as a result the new person has the right to do whatever the owner wants to do with the property.
To know more:
What is a public property?
https://brainly.in/question/7723690
Right to property?
https://brainly.in/question/2026077
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