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  2. 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.
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    What is the difference between possession and ownership?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.
    What are the legal implications of possession?Legal Protection: Ownership rights are protected by the legal system, and owners have remedies available to them if their rights are infringed upon. Legal implications associated with possession include the following: Physical Control: The possessor has the immediate physical control or occupancy of the object or property.
    How do you use ownership and possession in a sentence?Here’s how to use ownership and possession in a sentence: Ownership refers to the legal right to possess and control something. It’s the state of having an object, property, or idea as one’s own. Here are a few examples of how to use the term “ownership” in a sentence: “The ownership of the company was transferred to the new CEO.”
    What does possession mean in law?possession, in law, the acquisition of either a considerable degree of physical control over a physical thing, such as land or chattel, or the legal right to control intangible property, such as a credit—with the definite intention of ownership. With respect to land and chattel, possession may well
    What is the difference between ownership right and possession right?Ownership right is a wider concept. Possession is a right of consumption only. 6. It is a perfectly legal right. It shows legal situation. It is a possessory right only. It shows real position. 7. Transfer of ownership is not an easy process, but it needs legal or formal procedures, prerequisites of registration.
    What does ownership mean in legal terms?Ownership is the legal right to use, possess, and give away a thing. Ownership can be tangible such as personal property and land, or it can be of intangible things such as intellectual property rights. Some common usages of the term “ownership” in a legal sense include:
     
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    WEBJan 1, 2016 · 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

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