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Term Definition

Ownership

Ownership is the right to use, enjoy and dispose of property fully and freely, subject to the limits and conditions for doing so determined by law.

Ownership may be in various modes and dismemberments

Ownership of property gives a right to what it produces and to what is united to it, naturally or artificially, from the time of union. This right is called a right of accession.

The fruits and revenues of property belong to the owner, who bears the costs he incurred to produce them.

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