What is ownership in South African law?
The common law description of ownership is found in South African case law where ownership is defined as the most complete real right that a legal subject can have regarding a thing, or as the real right which gives the owner the most complete and absolute entitlements to a thing.
What is the full meaning of ownership?
noun [ U ] us. FINANCE. the situation in which a person or organization owns all of something, or in which something is completely owned by a person or organization: He took full ownership of the securities depository for €1.6 billion.
What is ownership in jurisprudence?
Ownership refers to the legal right of an individual, group, corporation or government to the possession of a thing. The subject of ownership is of two types material and immaterial things. Material ownership is that which is tangible like property, land, car, book, etc.
What is the concept of ownership?
Ownership is the legal right to use, possess, and give away a thing. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights.
What are the different kinds of ownership?
Kinds of Ownership
- Corporeal ownership.
- Incorporeal ownership.
- Sole ownership.
- Co-ownership.
- Legal ownership.
- Equitable ownership.
- Trust and beneficial ownership.
- Vested ownership.
What kind of right is ownership?
Is ownership a real right?
Registered ownership, servitudes, long leases and mortgage rights are examples of real rights. The sum total of all real rights in land is absolute ownership entitling the owner to use, possess, alienate and even destroy what he owns.
What is right of ownership?
The Right to Ownership. 1. Everyone has the right to own property alone as well as in association with others. 2. No one shall be arbitrarily deprived of his property.
What is ownership of property mean?
Property ownership may be private, collective or common; with the legal determination relating to who has the ‘bundle of rights’ and duties over the property. Ownership is referred to as being self-propagating, which means that the property owner is legally entitled to own the economic benefits of that property.
What do mean by ownership?
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties.
What are the types of ownership in law?
Legal ownership. Equitable ownership. Trust and beneficial ownership. Vested ownership.
What is ownership according to Black’s law Dictionary?
The complete dominion, title, or proprietary right in a thing or claim.
What is the legal definition of ownership?
TheLaw.com Law Dictionary & Black’s Law Dictionary 2nd Ed. The complete dominion, title, or proprietary right in a thing or claim. See PROPERTY. The ownership of a thing is the right of one or more persons to possess and use it to the exclusion of others.
What is the difference between co-ownership and legal ownership?
n. legal title coupled with exclusive legal right to possession. Co-ownership, however, means that more than one person has a legal interest in the same thing. (See: own)
What is an original owner of property?
Ownership is said to be original, where the owner has brought the property into human control for the first time, as by occupying land or capturing a wild animal, or derivative, where the owner acquires from the previous owner as in a sale.
What does it mean to have qualified ownership?
— qualified ownership. : ownership that is limited by time, the interest of another party, or restrictions on the use of the property had only qualified ownership of the fish and game on his property due to state restrictions.