What is Property?
- that which is the subject of ownership
What is Ownership?
- the right of one or more persons to posses and to use the thing which is owned, to the exclusion of others
The law designates ownership rights in a bundle of the following rights:
to own property
to possess property
to use property
to enjoy property
to encumber or borrow money secured by property
to dispose of property
to exclude those who do not share ownership of the property
But right is not unlimited!
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