An analysis of the concept of ownership brings us to the conclusion that has the following element
February 18, 2014
An analysis
of the concept of ownership brings us to the conclusion that has the following
element :-
(1) Ownership may
either be absolute or restricted, that is
it may be exclusive or limited.Ownership can be limited by agreement or
operation of law.
(2)The right of
ownership can be restricted in the times of emergency.For instance,bulding or
land owned by private individuals can be
requisitioned and used for lodging army personnel during the period of war.
(3) An ownership is not
allowed to use his land property in a manner that it is injurious to others.In
this sense, his right of ownership is not unrestricted.
(4) Ownership is
residuriy in character.
(5) The rigt of
ownership does not end with death of the onwer but instead; it is transferred
to his heirs.
(6) Generally,the
owner has the right to destroy or alienation the things he owns.
(7)Law does not confer
ownership on an unborn child or an insane person because they are incapable of
conceiving the nature and consequences of their acts.
