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Legal status refers to the standing of an entity (such as a business) in the eyes of the law, determining its rights and responsibilities. Ownership refers to the possession of an asset or property with the right to use, control, and transfer it. Legal ownership entitles the owner to legal rights and obligations associated with the asset.

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Q: What is legal status and ownership?
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Can a title be a abstract noun?

Yes, the noun "title" is an abstract noun as a word for the legal right of ownership of something; a word for a concept.The noun "title" is a concrete noun as a designation of a person based on gender, marital status, educational status, or professional status; the name of a written work, a work of art, etc.; a word for a document that is evidence of a legal right of ownership; a word for the person or thing.


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