3. Meaning
• Property includes all the legal rights of a
person of whatever description
• Narrower sense ,property includes the
proprietary rights of a person and not his
personal rights.
• proprietary rights - estate or property
• personal rights- status and personal
condiotion
4. • The property includes only those rights which
are both proprietary and real.
• In modern times ,intellectual and intangible
property has becomes very important.
5. Kinds of property
• Corporeal proprtry
-Movable
-Immovable
• Real and personal property
• Incorporeal property
- Rights in re propria
- Rights in re aliena
6. Modes of acquisition of Property
• Possession
• Prescription
• Agreement
• Inheritence
7. Possession
• It is objective realization of ownership .
• The possession of a material object is a title to
its ownership. The de facto relationship
between person and thing brings the de jure
relation along with it.
• He who claims a piece of land as his own and
has also the possession of the same,makes it
good in lawalso by way of ownership
8. Prescription
• May be defined as the effect of lapse of time
creating and destroying rights; it is the
operation of time creating and destroying
rights
• Prescription is not limited to right in rem.
• Negative Prescription may be perfect or
imperfect
9. Agreement
• Is the expression of by two or more persons
communicated each to the other of a common
intention to affect the lega relations between
them
• An agreement is the result of bilateral act.
• The title of the transferee by agreement can
not be better than that of the transferor.
10. Inheritance
• When a person dies ,certain rights survive him and
pass on to his heirs and successors.
• Those rights which survive him are called heritable or
inheritable rights.
• Those rights which do not survive him are called
heritable
• There are three limitations on the power of a person to
dispose of his property
• 1. Limitation of time
• 2. Limitation of amount
• 3. Limitation of purpose
