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Jemshah
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Asked: 2023-01-20T05:04:25+00:00 In:

In relation to the law of property: (i) explain three ways in which ownership may be acquired; (6 marks)November 2022

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In relation to the law of property:
(i) explain three ways in which ownership may be acquired; (6 marks)November 2022

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    Enlightened
    1. Purchase: Ownership may be acquired through the purchase of property, either by paying the full price or by making a deposit and paying the balance in instalments.
    2. Gift: Ownership may be acquired through the gift of property, either by a deed of gift or by delivery of the property with the intention of making a gift.
    3. Inheritance: Ownership may be acquired through inheritance, either by will or by the operation of the laws of intestacy.
    4. Finding: Ownership may be acquired through the process of finding, where a person finds lost or abandoned property and takes possession of it with the intention of owning it.
    5. Adverse possession: Ownership may be acquired through adverse possession, where a person openly and continuously possesses property for a certain period of time, and meets the legal requirements, such as paying taxes and making necessary repairs.
    6. Creation: Ownership may be acquired through the creation of property, such as through construction, manufacturing, or other forms of creation.
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