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what is difference between possession and ownership |
Answer» \tOwnershipPossessionOwnership involves the absolute rights and legitimate claim to an object. It means to own the object by the owner.Possession is more the physical control of an object. The possessor has a better claim to the title of the object than anyone, except the owner himself.Ownership is the right of the owner against the world\xa0indefinite in point of the user, unrestricted in point of disposition or destroying and unlimited in point of duration over a thingAs per the definitions, it is the continuous exercise of a claim to exclusively possess and use the object/thing.\xa0Ownership itself gives the owner the right to possession.\xa0However, it does not indicate the right to ownership.\xa0The transfer of ownership is a technical and long process and involves conveyance\xa0Transfer of possession is fairly easier and less technical.\xa0Ownership is essentially a bundle of rights, all rights in rem.\xa0It is not a right, just a prima facie evidence of ownership\t | |