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- Ownership emphasizes the legal right and title to an asset or property1234. It signifies an individual's lawful claim to hold, use, and dispose of the item as they see fit1. Possession, on the other hand, simply implies having or holding something in one's control1524. One might possess an item without owning it, as when renting a car1.The main differences between possession and ownership are54:
- Possession requires physical custody or control of an object, while ownership is the right through which something goes to someone.
- Possession is a factual concept, whereas ownership is a strictly legal concept.
- Ownership gives the right to possession, but possession does not give the right to ownership.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Ownership emphasizes the legal right and title to an asset or property. It signifies an individual's lawful claim to hold, use, and dispose of the item as they see fit. Possession, on the other hand, simply implies having or holding something in one's control. One might possess an item without owning it, as when renting a car.www.difference.wiki/ownership-vs-possession/Ownership refers to the legal right to possess and use something. It is the state or fact of having exclusive control and authority over a property or object. Possession, on the other hand, refers to the physical control or occupancy of an object.thecontentauthority.com/blog/ownership-vs-posses…Ownership is the act, state, or right of owning something. Possession is the act, state, or right of having physical custody and/or controlling something. Right Ownership gives the right to possession. Possession does not give the right to ownership. Owner Ownership is always with the owner of a property. Possession can be given to someone else.pediaa.com/difference-between-ownership-and-po…Possession in law recognises a person’s right to possess an object even though he is not physically in possession of it. On the other hand, ownership is exclusively a legal concept. Apart from this, possession is a factual concept, whereas ownership is a strictly legal concept.
www.writinglaw.com/difference-between-possessio…The main difference between possession and ownership is that possession is requiring a physical custody or control of an object while ownership is the right through which something goes to someone. The rights of possession and ownership are substantially the same. However, possession and ownership differ in their mode of acquisition.www.chamanlawfirm.com/difference-between-own… - People also ask
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