The relation between the two owners is such that one of them is under an obligation to use his ownership for the benefit of the other. In common law countries, possession is itself a property right. Most of us often confuse the terms 'ownership' and 'possession' and use them as synonyms. This concept of ownership has been discussed by most of the writers before that of possession. It includes both living and non living things. Our writers will […] Most people think of possession and ownership as being one and the same concepts and use them interchangeably. According to Salmond, in the whole range of legal theory, there is no conception more difficult than that of Possession. Material ownership is tangible like property, land, car, book, etc. Possession is the prima facie evidence of ownership. 504 [1914]).Depending on how and when it is used, the term possession has a variety of possible meanings. For any proprietary matter, law gives first priority to a person who is in possession of the property. Thus, the nature of both concepts is such that they complement and supplement each other. Immaterial ownership is that which is intangible like patent, copyright, trademark, etc. A person may be in possession of some property (although possession does not always imply ownership).Like ownership, the possession of anything is commonly regulated by country under property law. The jurisprudential concept of ownership is one which seems difficult to new students of the discipline of jurisprudence. Possession is the most basic relation between man and a thing. It includes both living and non living things. Even the owner of a property i.e. Trust property is that which is owned by two persons at the same time. 1) Meaning: "Possession" literary means physical control over a thing or an object. The main difference between ownership and possession is that possession is having physical custody or control of an object whereas ownership is a right by which something belongs to someone.
The concept of ownership consists of a number of claims such as liberty, power and immunity in regard to the thing owned.
Our writers will […] Concept of property The term property means things which are owned. In all cases, to possess something, a person must have an intention to possess it. In law, possession is the control a person intentionally exercises toward a thing. However, it is not the right method. This concept of ownership has been discussed by most of the writers before that of possession. Introduction “Possession” is a polymorphous term which may have diverse importance in various aspects.