This article describes 15 differences between Ownership and Possession.
Ownership
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The idea of ownership follows the idea of possession.
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The ownership is the de jure recognition of the right over the property.
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Ownership is the subjective and objective. It signifies the externally and internally.
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The right of alienation is an essential characteristic feature of ownership.
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The concept of ownership is used in widest meaning. The owner has the right to consume, destroy and alienate with his free will.
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The residuary power is vested in the owner.
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Ownership is the guarantee of the law.
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Ownership without possession is right, unaccompanied by that environment of fact in which it normally realizes itself.
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Ownership strives to realize itself in possession.
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The ownership is left to seek “proprietary remedies”.
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The law of prescription determines the process by which, through the influence of time, ownership without possession withers away and dies.
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Transfer: the ownership generally can be transferred by the way of convincing and registration in case of immovable properties and by way of delivery in case of movable properties.
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A right in rem can be owned and possessed. But a right in personam can only be owned.
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“Ownership is a matter of multiple rights”.
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15. Salmond says: “Whereas ownership is strictly a legal concept…..
Possession
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First the idea of possession came into existence in the human civilization.
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Possession is the de facto exercise of a claim over the property.
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Possession is the objective realization of ownership. It is the external significance of ownership.
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This right is not seen in possession.
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The concept of possession is narrower in this sense. The possession has limited rights to consume, destroy and alienate.
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The residuary power is not given to possessor.
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Possession is the guarantee of the facts.
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Possession without ownership is the body of fact, uniformed by the spirit of right which usually accompanies it.
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Possession to Endeavour’s to justify itself as ownership.
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The possessor is left with “possessory remedies”.
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The law of prescription determines the process by which, through the influence of time, possession without title ripens into ownership.
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Transfer: the possession, comparatively, can easily be transferred. It does not require conveyancing.
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A right in personam can only be owned, and it cannot be possessed.
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“Whereas possession in singular, but stronger”.
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“Possession is both a legal and a non-legal or pre-legal concept”.