Asked by Amber Glenn on May 30, 2024
Verified
Sometimes, a person can become an owner of personal property merely by possessing it.
Personal Property
Property that is not attached to real estate and includes tangible items like cars, furniture, and personal belongings.
Possessing
The act of having physical control or ownership of an object or property.
- Understand the techniques and legal importance of determining ownership claims in real and personal property.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
True
Explanation :
This is known as "acquisition by possession," which can occur under certain conditions, such as finding lost property or through the doctrine of adverse possession, although the latter is more commonly associated with real property.
Learning Objectives
- Understand the techniques and legal importance of determining ownership claims in real and personal property.
Related questions
Establishing Ownership Rights Is More Complicated for Personal Property Than ...
The Delivery of Documents That Represent the Rights to Property ...
The Transfer of Personal Property Involves Formalities Not Required in ...
Sales of Tangible Personal Property Involve the Transfer of Title
Ownership of Property Is Referred to as Title