Ownership and Possession The idea of ownershi developed when man started to settle and stop being a wanderer. Personal right produced by regu of inter-personal relns. Ownership Relation b/w person & property It rests largely on prohibitions exercised towards others. Complex of rights, all of which are right in rem . Rights though not unlimited, but indefinite . When one's interest outlasts the interests of others in the same thing. Possess Use & enjoy Destroy, alienate Indeterminate in duration Residuary character Possession coupled with legitimate title. But it could be w/o possession also. Limited Ownership - cant sale or dispose the prop. Possession Exclusive use of prop Doesn’t cover incorporeal prop Lease, pledge, mortgage, theft, fraud, bailment Possession in Fact - cont...