Multiple choice

Which of the following statements represent(s) the difference between possession and ownership?

  1. Full enjoyment of the property is restricted in possession and there is no restriction in ownership.

  2. The right of ownership consists of excluding others from using it and there is no such right in possession.

  3. Both (1) and (2)

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The ownership is the de jure recognition of the right over the property. The possession has limited rights to consume, destroy and alienate. Thus, full enjoyment of the property is restricted in possession and there is no restriction in ownership.

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