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Ownership refers to having legal rights and control over a property, while possession refers to physically having control or custody of the property. Ownership grants the owner the right to use, sell, or transfer the property, while possession gives the possessor the right to physically occupy or use the property. The distinction between ownership and possession impacts one's rights and responsibilities in terms of property because the owner has legal authority over the property, while the possessor may have limited rights and responsibilities depending on the terms of their possession.

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4mo ago

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Is Possession of personal property is presumptive evidence of ownership?

in the absence of clear and compelling testimony or documentation to the contrary, the person in actual possession of the property is presumed to be the rightful owner. Disputable presumption of ownership.


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No, only the lawful possession of the property, and not ownership, is transferred.


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What is the synonym of possession?

Belonging, property, hold and control.


What is legal status and ownership?

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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